Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    60 Devine St North Haven, CT 06473

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9.40 acre industrial land parcel with direct highway access.

    Property size:
    9 SF
    Lot size:
    9 SF

    Property Features for 60 Devine St

    General Information

    Standard status
    Active
    Size
    9 SF

    We can help!

    Listing Contact
    Matthew O'Hare
    Source: Cbre

    Listing Agent: Matthew O'Hare

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    9.40 Acre Industrial Land Parcel

    Available for lease is a site of approximately 9.40 acres located at 50 & 60 Devine Street in North Haven, Connecticut. The property is zoned IG-80 and offers direct access to I-91 (Exit 10). Its strategic location provides convenient access to other major routes, being 7.6 miles from I-95 (Downtown New Haven) and 1.4 miles from Route 15 (Wilbur Cross Parkway). The location benefits from a daily vehicle count of 24,100. The surrounding area is home to corporate neighbors such as Yale New Haven Hospital Campus, Sunrun Solar, C. Cowles Company, Stord, Red Thread, CHEP-USA, Byk-Chemie, Cloplay, McKesson, Connecticut Container, FedEx, and UPS.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8763894
    Latitude
    41.3792653

    Nearby Similar for Lease

    • $325 /Mo
      206 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Ave, North Haven, CT 06473
      View Details
    • $1,705 /Mo
      1,076 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Ave, North Haven, CT 06473
      View Details
    • $1,210 /Mo
      765 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Ave, North Haven, CT 06473
      View Details
    • $10 SF/Yr
      9,416 SF

      North Haven Industrial/Flex Facility

      Well-maintained industrial/flex/warehouse facility with excellent I-91 access.
      30 Montowese Avenue Ext, North Haven, CT 06473
      View Details
    • $26 SF/Yr
      11,234 SF

      North Haven Retail Space Available

      Retail space for lease in a high-traffic North Haven location.
      323 Washington Ave, North Haven, CT 06473
      View Details
    • $1,325 /Mo
      850 SF

      Prime Retail/Office Space Available

      High visibility 850 SF retail/office space in North Haven.
      392 Washington Ave, North Haven, CT 06473
      View Details
    • $7 SF/Yr
      16,864 SF

      Industrial Property in North Haven

      Industrial property with expansion potential in Wharton Brook Industrial Park.
      85 Defco Park Rd, North Haven, CT 06473
      View Details
    • $2,300 /Mo
      1,972 SF

      Updated Office Suite For Rent

      Move-in ready office suite with modern amenities and convenient location.
      15 Maiden Ln Unit, North Haven, CT 06473
      View Details
    • $8 SF/Yr
      13,020 SF

      North Haven Warehouse For Rent

      13,020 SF warehouse with I-91 access in North Haven.
      198 State St, North Haven, CT 06473
      View Details
    • $1,500 /Mo
      2,350 SF

      North Haven Office Space Available

      Second floor office suite in Taft Park, North Haven.
      355 Sackett Pt Rd Unit, North Haven, CT 06473
      View Details
    • $2,300 /Mo

      Updated Office Suite For Rent

      Move-in ready office suite in North Haven, Connecticut.
      15 Maiden Ln, North Haven, CT 06473
      View Details
    • $1,210 /Mo
      765 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Ave, North Haven, CT 06473
      View Details

    FAQs

    What type of property is this?
    Industrial land - 9.40 acre industrial land parcel with direct highway access.
    Where is this industrial land located?
    The property is located at 60 Devine St North Haven, CT.
    What are key features of this property?
    This property features: - 9.40 acres of available land; - Direct access to I-91 (Exit 10); - Zoned IG-80
    Request Owner's contact information
    60 Devine St North Haven, CT 06473
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    60 Devine St
    North Haven, CT 06473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Devine St North Haven, CT 06473
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew O'Hare
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!