Medical Office Condominium
For Sale
Contact for pricing
160 Hawley Lane 100, Trumbull, CT 06611
Corner suite with five exam or office rooms, reception and waiting space, kitchenette, and private restroom in a secured building.
Property Size1,449 SF
Price / SF$224.29
Days on Market169
Property Features for 160 Hawley Lane 100
General Information
Standard status
Active
Size
1,449 SF
Class
B
Total Parking Spaces
140
Property subtype
Office
Zoning
B-C
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Commercial NRT Danbury
Listed By:
Daniel Sousa · License #CT REB.0791665
Source:
Crexi
Added: Mar 21
Changed: Sep 4
Last Checked: Sep 1 at 6:30AM
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 Coldwell Banker Commercial NRT Danbury
Investment Insights
Based on property information with market context.
This 908 SF medical/office condominium is located in Suite 205 within the Hawley Lane Professional Center. The layout includes a bright, window-lined corner office plus five additional offices or exam rooms, along with a reception area, waiting room, and kitchenette. The suite also features a private restroom and two means of egress, supporting practical workflow and tenant needs.
The building provides fully accessible access on landscaped grounds with generous shared parking totaling 140 spaces (6 per 1,000 SF). Common areas have been recently renovated and the property is centrally air conditioned, with elevator access throughout. The center is professionally managed with comprehensive security and includes ADA-compliant restrooms on each floor, along with a FedEx drop box.
Access and location are designed for both staff and patients, sitting near a signalized intersection just under a mile from the Merritt Parkway (Exits 33 and 34). The location is also directly off Route 8 (Exit 5) with immediate access to Route 25. The surrounding tenant mix includes Yale New Haven Health as the building anchor on the ground level, plus nearby dermatology and counseling practices, with major retailers and services including Target, Kohl’s, Best Buy, Big Y, and the Marriott Trumbull Hotel close by.
The building provides fully accessible access on landscaped grounds with generous shared parking totaling 140 spaces (6 per 1,000 SF). Common areas have been recently renovated and the property is centrally air conditioned, with elevator access throughout. The center is professionally managed with comprehensive security and includes ADA-compliant restrooms on each floor, along with a FedEx drop box.
Access and location are designed for both staff and patients, sitting near a signalized intersection just under a mile from the Merritt Parkway (Exits 33 and 34). The location is also directly off Route 8 (Exit 5) with immediate access to Route 25. The surrounding tenant mix includes Yale New Haven Health as the building anchor on the ground level, plus nearby dermatology and counseling practices, with major retailers and services including Target, Kohl’s, Best Buy, Big Y, and the Marriott Trumbull Hotel close by.
Key Highlights
- 908 SF medical/office condo in Hawley Lane Professional Center (Suite 205) built in 1980
- Corner suite layout with bright window‑lined office, plus 5 offices or exam rooms
- Reception and waiting area with kitchenette, private restroom, and two means of egress
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
$21,713
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
6.68%
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%
$434,260
$434.3K
Cap Rate 7%
$310,186
$310.2K
Cap Rate 9%
$241,256
$241.3K
Market Conditions
NOI Build-Up for 1,449 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
$39.1K $27.00/SF
− Vacancy
−$2.9K −$2.03/SF
EGI
$36.2K $24.98/SF
− OpEx
−$14.5K −$9.99/SF
NOI
$21.7K $14.99/SF
Area
Bridgeport, CT
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$434,260
Cap Rate 7%
$310,186
Cap Rate 9%
$241,256
Alternative Uses
Best Use
Healthcare Medical
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 6.68%
Second Best
Office B
$286.4K
$250.6K – $334.1K
NOI $20,047 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,950 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 06611, CT
36,835
Population
12,468
Households
3
Avg Household Size
43
Median Age
60%
College-Educated
95%
High-School Grad
23.3 sq mi
ZIP Area
1,581
Density / Sq Mi
$163,227
Median Household Income
$75,795
Median Earnings
$2,292
Median Rent
$495,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner suite with five exam or office rooms, reception and waiting space, kitchenette, and private restroom in a secured building.
Where is this office units located?
The property is located at 160 Hawley Lane 100 Trumbull, CT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 908 SF medical/office condo in Hawley Lane Professional Center (Suite 205) built in 1980; Corner suite layout with bright window‑lined office, plus 5 offices or exam rooms; Reception and waiting area with kitchenette, private restroom, and two means of egress
