Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1905 State St B Hamden, CT 6517

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,200 /Mo

    Renovated commercial space ideal for retail, office, or wellness.

    Type:Commercial
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 21 at 7:42 am

    Property Features for 1905 State St B

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Anubha Agarwal

    Listing agent Anubha Agarwal

    Listing office

    Listing date Mar 24, 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 Anubha Agarwal

    Overview

    Updated Commercial Space on State

    This updated commercial space is located on State Street, offering visibility and accessibility near New Haven. The property is suitable for various business uses and is ready for immediate occupancy. It has been renovated with modern finishes, creating a professional environment. The flexible layout is suited for a yoga studio, nail salon, Pilates or group fitness classes, wellness center, boutique retail, or professional office. Situated in a high-traffic area, the location offers exposure and convenience for clients and staff. This property provides a setting to grow and thrive in a location near New Haven.
    Location Intelligence

    Current Use by Public Records

    NES Printing, LLC Marketing & Advertising JVR Insurance Agency Insurance Agency Atlantica Express, LLC Bank American E-File Tax ... Tax Preparation Karajanis Tony Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9002987
    Latitude
    41.33401

    Nearby Similar for Lease

    • Contact for pricing

      Updated Office and Training Facility

      Renovated office building with training facilities and secure parking.
      496 Newhall Street unit: 308, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities and parking.
      496 Newhall Street unit: G3, Hamden, CT 06517
      View Details
    • $23/mo

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities in Hamden.
      496 Newhall Street, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities and secure parking.
      496 Newhall Street unit: Ll2, Hamden, CT 06517
      View Details
    • $17/mo

      Hamden Office Building For Rent

      4,000 SF office building on 0.28 acres in Hamden.
      2040 Whitney Avenue, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Flex Space in Hamden

      5,187 SF renovated flex space with ample parking.
      2259 State Street, Hamden, CT 06517
      View Details
    • $25/mo

      Prime Retail Space in Hamden

      Retail space for lease on a busy commercial corridor.
      2415 Dixwell Avenue, Hamden, CT 06514
      View Details
    • Contact for pricing

      Retail/Office Space in Hamden, CT

      850 SF retail/office space in high-traffic Hamden location.
      2348 Whitney Avenue unit: A, Hamden, CT 06518
      View Details
    • Contact for pricing

      Hamden Office Space For Rent

      Well-maintained office space on Whitney Avenue in Hamden, CT.
      2572 Whitney Avenue, Hamden, CT 06518
      View Details
    • $14/mo

      Hamden Office Space For Lease

      Well-designed office suite with private entrance and ample parking.
      10 Broadway, Hamden, CT 06518
      View Details
    • Contact for pricing

      Professional Office Building in Hamden

      Individual offices for lease in a professional building, great location.
      2285 Whitney Avenue unit: 5, Hamden, CT 06518
      View Details
    • Contact for pricing

      Professional Office Building in Hamden

      Individual offices for lease in a professional building, great location.
      2285 Whitney Avenue unit: 2, Hamden, CT 06518
      View Details

    FAQs

    What type of property is this?
    Retail space - Renovated commercial space ideal for retail, office, or wellness.
    Where is this retail space located?
    The property is located at 1905 State St B Hamden, CT.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Prime location on desirable State Street with excellent visibility and accessibility.; Fully renovated with modern finishes, creating a clean and inviting environment.; Versatile space suitable for a variety of business uses (yoga, salon, retail, office, etc.).
    (203) 288-2500
    We can help!
    Listing Contact
    Anubha Agarwal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!