Automotive Service and Showroom
For Sale
$2,800,000
1635 Dixwell Ave, Hamden, CT 06514
Multi-building auto dealership site with service garage space, six overhead doors, and frontage on a major corridor.
Property Size19,032 SF
Lot Size2.08 Acres
Price / SF$147.12
Days on Market57
Property Features for 1635 Dixwell Ave
General Information
Standard status
Active
Size
19,032 SF
Lot size
2.08 Acres
Property subtype
Commercial
Zoning
T-4
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$50,686
Building Details
Year Built
1960
Listing Agency:
Colonial Properties Inc
(413) 333-7776
Listed By:
Nick Richetelli
(203) 795-8060
Source:
Ma-cthomes
Added: Jul 11
Changed: Aug 13
Last Checked: Sep 5 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colonial Properties Inc
Investment Insights
Based on property information with market context.
This for-sale automotive complex includes four buildings totaling 28,890 square feet on a 2.08-acre assemblage. The largest component is a 19,032-square-foot former car dealership showroom. Additional improvements include a 3,294-square-foot freestanding building, a 2,052-square-foot service office, and 4,512-square-foot service/garage space with six overhead doors.
The property spans more than 440 feet of frontage on Dixwell Avenue (Route 10) in Hamden, Connecticut. It is located in one of New Haven County’s primary commercial corridors and is listed as approximately one mile from the Merritt Parkway.
Zoning is T-4, described as a flexible designation that supports a broad range of commercial and residential uses. The configuration and history as an auto dealership may support redevelopment or adaptive reuse opportunities for an owner-operator or investor.
The property spans more than 440 feet of frontage on Dixwell Avenue (Route 10) in Hamden, Connecticut. It is located in one of New Haven County’s primary commercial corridors and is listed as approximately one mile from the Merritt Parkway.
Zoning is T-4, described as a flexible designation that supports a broad range of commercial and residential uses. The configuration and history as an auto dealership may support redevelopment or adaptive reuse opportunities for an owner-operator or investor.
Key Highlights
- 2.08‑acre commercial assemblage on Dixwell Avenue (Route 10) in Hamden with 440+ ft of frontage
- 28,890 SF across four buildings, including a 19,032 SF former car dealership showroom
- 4,512 SF service/garage space with six overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$182,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,645,000
$3.6M
Cap Rate 7%
$2,603,571
$2.6M
Cap Rate 9%
$2,025,000
$2.0M
Market Conditions
NOI Build-Up for 19,032 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$274.1K $14.40/SF
− Vacancy
−$13.7K −$0.72/SF
EGI
$260.4K $13.68/SF
− OpEx
−$78.1K −$4.10/SF
NOI
$182.3K $9.58/SF
Area
New Haven, CT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,645,000
Cap Rate 7%
$2,603,571
Cap Rate 9%
$2,025,000
Alternative Uses
Best Use
Retail
$3.93M
$3.44M – $4.58M
NOI $274,814 @ 7.0% cap · market cap 9.81%
Second Best
Industrial
$2.60M
$2.28M – $3.04M
NOI $182,250 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,549 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Dining 32%
Shops & Services 22%
The Home Depot
Home Improvements & Furnishings
31,332 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,798 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,557 visits/mo
0.4 miles
KFC
Dining
6,982 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,879 visits/mo
0.2 miles
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Showroom - Multi-building auto dealership site with service garage space, six overhead doors, and frontage on a major corridor.
Where is this showroom located?
The property is located at 1635 Dixwell Ave Hamden, CT.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 2.08‑acre commercial assemblage on Dixwell Avenue (Route 10) in Hamden with 440+ ft of frontage; 28,890 SF across four buildings, including a 19,032 SF former car dealership showroom; 4,512 SF service/garage space with six overhead doors
