Second-Floor Office
1440 Whalley Ave, New Haven, CT 06515
For Sale
Contact for pricing
Elevator access and on-site parking serve this office space on Whalley Avenue.
Property Size5,000 SF
Price / SF$1.25
Days on Market10
Property Features for 1440 Whalley Ave
General Information
Standard status
Size
Elevators
Site & Location
Neighborhood
Additional Details
Floor
Property Use
Amenities
kitchenette
reception area
conference room
Building Details
Year Built
Listing Agency:
Levey Miller Maretz LLC
Listed By:
Jeremy B. Rosner · License CT RES.0788756
(203) 389-5377
Source:
Centralconnecticuthomefinder
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 10 at 12:38PM
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 Levey Miller Maretz LLC
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Investment Insights
Based on property information with market context.
The 5,000-square-foot office occupies the second level of an elevator-equipped building at 1440 Whalley Avenue in New Haven. Its layout includes perimeter offices, a reception area, a conference room, and a kitchenette, with the possibility of dividing the space into smaller areas. The building was constructed in 1985.
The property is located behind the Westville Diner and includes on-site parking.
The property is located behind the Westville Diner and includes on-site parking.
Key Highlights
- 5,000‑square‑foot office on the second floor
- Elevator building with on‑site parking
- Perimeter offices, reception area, conference room, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,834
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,680
$1.5M
Cap Rate 7%
$1,083,343
$1.1M
Cap Rate 9%
$842,600
$842.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$132.0K $26.40/SF
− Vacancy
−$30.9K −$6.18/SF
EGI
$101.1K $20.22/SF
− OpEx
−$25.3K −$5.06/SF
NOI
$75.8K $15.17/SF
Area
New Haven, CT
Vacancy
23.40%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,680
Cap Rate 7%
$1,083,343
Cap Rate 9%
$842,600
Alternative Uses
Best Use
Office B
$1.08M
$947.9K – $1.26M
NOI $75,834 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,586 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
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Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in New Haven County, CT
Properties on Market for Office Units in New Haven County
Vacancy Rate% for Office in New Haven, CT
Frequently Asked Questions
What type of property is this?
Office unit - Elevator access and on-site parking serve this office space on Whalley Avenue.
Where is this office unit located?
The property is located at 1440 Whalley Ave New Haven, CT.
What are key features of this property?
This property features: 5,000‑square‑foot office on the second floor; Elevator building with on‑site parking; Perimeter offices, reception area, conference room, and kitchenette
