Fenced Flex Space with
For Sale
$495,000
207 Burwell Road, West Haven, CT 06516
Commercial For Sale, West Haven, CT
Property Size1,904 SF
Lot Size0.21 Acres
Price / SF$259.98
Days on Market93
Property Features for 207 Burwell Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2
Lot features
Level Lot
Directions
Boston Post Road to Fairfax St to Burwell Road. or Route 34 to Plainfield Avenue to Fenwick to Burwell Road,
Subdivision
Allingtown
Standard status
Active
Size
1,904 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5866
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Carpet - Full, Concrete
Listing Agency:
Property World
(203) 877-1221
Listed By:
Leah Fonte
(203) 815-6186
Added: May 26
Changed: Aug 23
Last Checked: Aug 26 at 6:06AM
MLS# 24178381
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.
This 1,904-square-foot flex property occupies a 0.21-acre parcel and includes space that has supported HVAC work, office functions, and fabrication activity. The site is enclosed with fencing and provides parking for work vehicles, while a storage container transfers with the property. Interior finishes include concrete and full carpeting, complemented by central air conditioning.
The property is positioned near Route 34 with access to I-95. Built in 1960, it has public water and public sewer service and is designated R2. The sale is offered in its existing, as-is condition.
The property is positioned near Route 34 with access to I-95. Built in 1960, it has public water and public sewer service and is designated R2. The sale is offered in its existing, as-is condition.
Key Highlights
- 1,904 SF flex property on 0.21 acres
- Previously used for HVAC, office, and fabrication operations
- Fully fenced site with parking for work vehicles
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
$18,233
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
3.68%
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%
$364,660
$364.7K
Cap Rate 7%
$260,471
$260.5K
Cap Rate 9%
$202,589
$202.6K
Market Conditions
NOI Build-Up for 1,904 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
$27.4K $14.40/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$26.0K $13.68/SF
− OpEx
−$7.8K −$4.10/SF
NOI
$18.2K $9.58/SF
Area
New Haven, CT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$364,660
Cap Rate 7%
$260,471
Cap Rate 9%
$202,589
Alternative Uses
Best Use
Industrial
$260.5K
$227.9K – $303.9K
NOI $18,233 @ 7.0% cap · market cap 3.68%
Second Best
Flex RnD
$250.6K
$219.3K – $292.4K
NOI $17,543 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$612.5K
$535.9K – $714.6K
NOI $42,873 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Previously configured for HVAC, office, and fabrication functions.
Where is this flex space located?
The property is located at 207 Burwell Road West Haven, CT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,904 SF flex property on 0.21 acres; Previously used for HVAC, office, and fabrication operations; Fully fenced site with parking for work vehicles
