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Medical Office with Adjacent Parking

1455 Chapel Street New Haven, CT 06511

1455 Chapel Street, New Haven, CT, 06511
$2,250,000
For Sale
Claim this Listing
$2,250,000

COMMERCIAL - New Haven, CT

Property Size6,343 SF
Lot Size0.51 Acres
Price / SF$354.72
AddedMar 30
Days on Market107
Last RefreshJul 14 at 4:06 pm

Property Features for 1455 Chapel Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
RO
Bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking
52
Security features
Security System
Interior features
Security System
Exterior features
Sidewalk,Gutters,Lighting,Pole Sign
Standard status
Active
Size
6,343 SF
Lot size
0.51 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
20664

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Steam
Cooling system
Central Air
Water source
Public

Building Details

Year built
1900
Floors in Building
3

Listing agent John Campbell License #RES.0769152

Listing office Compass Connecticut, LLC 724 Boston Post Road, Guilford, CT

Listing date Mar 30, 2026

MLS# 24163167

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

The offering consists of two parcels in an RO zone: 1455 Chapel, a 6,343-square-foot medical office/residence on 0.35 acres, and an adjacent 0.16-acre parking lot. The Sherman lot has a 15-foot entrance off Sherman Avenue, and 1455 Chapel has 71 feet of frontage on Chapel Street. Together, the parcels currently provide a total of 52 parking spaces.

The property is presented as being situated in the Yale Medical community and directly across from Saint Raphael’s.

This combination of an existing medical office building with on-site parking makes the site well suited for continued medical-related use, with the added benefit of parking capacity on both parcels.

Key Highlights

  • Medical office/residence at 1455 Chapel plus adjacent .16‑acre parking lot on Sherman Avenue
  • Two parcels in an RO zone: 1455 Chapel (6,343 SF) on .35 acres with 71 ft frontage on Chapel Street
  • Sherman lot provides a 15 ft entrance off Sherman Avenue

Local Financial Insights For Healthcare Medical

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 $175.1k $27.60
− Vacancy −$13.1k −$2.07
EGI $161.9k $25.53
− OpEx −$64.8k −$10.21
NOI $97.2k $15.32
6,343 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$1.39M
$1.21M – $1.62M (±1% cap)
NOI $97,162 @ 7.0% cap · market cap 4.32%
Second Best
Office B
$1.37M
$1.20M – $1.60M (±1% cap)
NOI $96,203 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M (±1% cap)
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

Suggested Use

(Bike/Boat/Book/etc) Store Locksmith Accounting Firm Bakery Butcher Acupuncture Tattoo & Piercing Shop Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service

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

FAQs

What type of property is this?
Medical Office Space - Two RO-zone parcels include a medical office/residence and an adjacent parking lot with 52 total spaces.
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: Medical office/residence at 1455 Chapel plus adjacent .16‑acre parking lot on Sherman Avenue; Two parcels in an RO zone: 1455 Chapel (6,343 SF) on .35 acres with 71 ft frontage on Chapel Street; Sherman lot provides a 15 ft entrance off Sherman Avenue
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