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    1635 Dixwell Ave Hamden, CT 6514

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    For Sale
    $3,500,000

    2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.

    Type:Commercial
    Property size:
    28,890 SF
    Lot size:
    2.08 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 28 at 10:50 am

    Property Features for 1635 Dixwell Ave

    General Information

    Standard status
    Active
    Size
    28,890 SF
    Lot size
    2.08 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Gary S. Bellard

    Listing agent Gary S. Bellard

    Listing office Colonial Properties Inc

    Listing date Apr 28, 2026

    Source Elliman

    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 Colonial Properties Inc

    Overview

    Dixwell Avenue Commercial Assemblage Opportunity

    This commercial assemblage offers a rare opportunity, featuring 2.08 acres with over 440 feet of frontage on Dixwell Avenue (Route 10) in Hamden, Connecticut. The property includes 28,890 square feet across four buildings. These buildings consist of a 19,032 square foot former car dealership showroom, a 3,294 square foot freestanding building, a 2,052 square foot service office, and 4,512 square feet of service or garage space equipped with six overhead doors. The site, formerly an auto dealership, is zoned T-4, which is one of Hamden's most flexible designations, allowing for a range of commercial and residential uses. The property is located in a primary commercial corridor within New Haven County, experiencing approximately 30,000 vehicles per day. It is situated less than a mile from the Merritt Parkway. The property offers potential for repositioning, redevelopment, or adaptive reuse.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Mike's Auto Clinic — 28 Gorham Ave, Hamden, CT 06514
    • Caldwell Automotive — 399 Treadwell St, Hamden, CT 06514
    • Jon I Auto Body & Repair — 1435 Dixwell Ave, Hamden, CT 06514
    • Aces Automotive — 130 Leeder Hill Dr, Hamden, CT 06517
    • ALCOLOCK Ignition Interlock — 1483 Dixwell Ave, Hamden, CT 06514

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9270125
    Latitude
    41.3566355

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    FAQs

    What type of property is this?
    Auto shop - 2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.
    Where is this auto shop located?
    The property is located at 1635 Dixwell Ave Hamden, CT.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 2. 08‑acre commercial assemblage with 440+ feet of frontage on Dixwell Avenue (Route 10); Located in a high‑traffic commercial corridor with approximately 30,000 vehicles per day; Zoned T‑4, offering flexible options for commercial and residential uses
    (203) 795-3853
    We can help!
    Listing Contact
    Gary S. Bellard
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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