Medical Office with Parking
1455 Chapel Street New Haven, CT 06511
1455 Chapel Street, New Haven, CT, 06511
$2,250,000
For Sale
$2,250,000
Medical office building with parking in Yale Medical Community.
Property Size6,343 SF
Lot Size0.51 Acres
Price / SF$354.72
Days on Market115
Property Features for 1455 Chapel Street
General Information
- Standard status
- Active
- Size
- 6,343 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Compass Connecticut, LLC
(203) 245-1593
Listed by
JOHN CAMPBELL · License #RES.0769152
Source
Corcoran
Added: Mar 30 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 5:16AM
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 Compass Connecticut, LLC
Investment Insights
Based on property information with market context.
Located in the Yale Medical Community, directly across from Saint Raphael's, this offering includes two parcels in an RO zone. The first parcel, located at 1455 Chapel, features a 6,343 square foot medical office and residence situated on 0.35 acres with 71 feet of frontage on Chapel Street. The second parcel is a 0.16 acre parking lot adjacent to 1455 Chapel on Sherman Avenue, featuring a 15 foot entrance off Sherman Avenue. Both parcels provide a total of 52 parking spaces. Potential uses include a walk-thru restaurant catering to Yale Medical employees and patients, or a food truck park. The property is suited for various business opportunities due to high foot and car traffic. The price, acreage, and taxes reflect both parcels.
Key Highlights
- Prime location directly across from Saint Raphael's in the heart of the Yale Medical Community.
- Two parcels included: a 6,343 sq ft medical office/residence and an adjacent .16 acre parking lot.
- A total of 52 parking spaces across both parcels.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.6k | $22.80 |
| − Vacancy | −$5.8k | −$0.91 |
| EGI | $138.8k | $21.89 |
| − OpEx | −$34.7k | −$5.47 |
| NOI | $104.1k | $16.42 |
6,343 SF · lease $22.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,127 @ 7.0% cap · market cap 4.63%
Second Best
Healthcare Medical
$1.39M
$1.21M – $1.62M
NOI $97,162 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,827 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ranieri Jr Alfred ...
Physician
Medical Associates-New Haven
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical office building with parking in Yale Medical Community.
Where is this medical office space located?
The property is located at 1455 Chapel Street New Haven, CT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime location directly across from Saint Raphael's in the heart of the Yale Medical Community.; Two parcels included: a 6,343 sq ft medical office/residence and an adjacent .16 acre parking lot.; A total of 52 parking spaces across both parcels.
