West Haven Flex Space
For Sale
$495,000
207 Burwell, West Haven, CT 06516
Fenced property near Route 34 with I-95 access.
Property Size1,904 SF
Price / SF$259.98
Days on Market142
Property Features for 207 Burwell
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Property World
(203) 877-1221
Listed By:
Leah Fonte · License #RES.0763683
(203) 815-6186
Source:
Lockandkeyre
Added: May 25
Changed: Oct 11
Last Checked: Oct 12 at 7:10PM
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 Property World
Investment Insights
Based on property information with market context.
This property, located near Route 34 and Forest Road in West Haven, offers convenient access to I-95. The fenced property provides ample space for work vehicles. The site includes office and shop space that has been used by an HVAC company for several years. A storage trailer is also located on the property. The building size is 1,904 square feet and the property is suitable for flex space, industrial, office, warehouse and other commercial real estate uses.
Key Highlights
- Fenced property suitable for work vehicles.
- Easy access to I‑95.
- Near Route 34 and Forest Road.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,233
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
347
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced property near Route 34 with I-95 access.
Where is this flex space located?
The property is located at 207 Burwell 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: Fenced property suitable for work vehicles.; Easy access to I‑95.; Near Route 34 and Forest Road.
