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Medical Office with Parking Lot

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

Medical office building with parking in Yale Medical Community.

Property Size6,343 SF
Lot Size0.51 Acres
Price / SF$354.72
AddedMar 30
Days on Market109
Last RefreshJul 16 at 6:39 am

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 office Compass Connecticut, LLC

Listing date Mar 30, 2026

Source Corcoran

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 (±1% cap)
NOI $104,127 @ 7.0% cap · market cap 4.63%
Second Best
Healthcare Medical
$1.39M
$1.21M – $1.62M (±1% cap)
NOI $97,162 @ 7.0% cap · market cap 4.32%
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 - 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.
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