Add Listing
    For Sale
    • 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

    315 Morgan Ln West Haven, CT 06516

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,500,000

    Multi-building industrial complex with rail access and storage tanks.

    Property size:
    54,448 SF
    Lot size:
    5.32 Acres

    Property Features for 315 Morgan Ln

    General Information

    Standard status
    Active
    Size
    54,448 SF
    Lot size
    5.32 Acres

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Rupi Rupwani
    Source: Corcoran

    Listing Agency: Rupwani Associates Listing Agent: Rupi Rupwani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Industrial Property with Rail

    This property features two office buildings, a heavy truck service garage equipped with a lift, a six-bay garage, and an open storage shed. A large warehouse is also located on the premises. The site includes a railroad siding and above-ground storage tanks with a 3,000-gallon capacity for gasoline and a 10,000-gallon capacity for diesel. The property, totaling 54,448 square feet, offers potential for various uses, including light industry, distribution, and affordable housing. Its location provides convenient access to I-95, facilitating north-south transportation.
    Location Intelligence

    Current Use by Public Records

    Giordano Anthony V Engineering Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.982576
    Latitude
    41.2581015

    Nearby Similar for Sale

    • New
      $6,500,000
      54,448 SF

      West Haven Commercial Opportunity

      Commercial property with multiple buildings and potential for various uses.
      315 Morgan Ln, West Haven, CT 06516
      View Details
    • $405,000
      3,098 SF

      West Haven Multifamily Property

      Two-family home with hardwood floors and separate utilities.
      126 Richards Pl, West Haven, CT 06516
      View Details
    • New
      $659,000
      3,410 SF

      Well-Maintained Three-Family Home

      Fully rented three-family home with detached garage in West Haven.
      246 Elm St, West Haven, CT 06516
      View Details
    • New
      $479,000
      2,683 SF

      West Haven Two-Family Home

      Well-maintained two-family home in West Haven, Connecticut.
      327 Center St, West Haven, CT 06516
      View Details
    • New
      $540,900
      Pending

      West Haven Multifamily Investment Opportunity

      Fully rented two-unit property near University of New Haven.
      155 Lamson St, West Haven, CT 06516
      View Details
    • New
      $2,400,000
      18,675 SF

      West Haven Medical/Professional Office Building

      Medical/Professional office building for sale in West Haven, CT.
      687-689 Campbell Ave, West Haven, CT 06516
      View Details
    • $408,500
      1,459 SF

      West Haven Multifamily Near UNH

      Two-family property near UNH with finished basement.
      28 Terrace Ave, West Haven, CT 06516
      View Details
    • $2,450,000
      26,714 SF

      West Haven Industrial Investment Opportunity

      26,500 SF industrial space with multi-tenant potential near I-95.
      755 1St Ave, West Haven, CT 06516
      View Details
    • $899,000
      10,272 SF

      Medical Office Building For Sale

      Two-story medical office building in downtown area.
      385 Main St, West Haven, CT 06516
      View Details
    • New
      $75,000
      768 SF

      West Haven Office Condo For Sale

      Well-maintained office condo in established business park, West Haven.
      375 Morgan Ln, West Haven, CT 06516
      View Details
    • $530,000
      3,708 SF

      Downtown Landmark Mixed-Use Building

      Corner lot in downtown West Haven suitable for multiple uses.
      574 Campbell Ave, West Haven, CT 06516
      View Details
    • $750,000
      4,848 SF

      Versatile Mixed-Use Property on Route 1

      High-visibility commercial property with retail, office, and warehouse potential.
      703 Boston Post Rd, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Warehouse - Multi-building industrial complex with rail access and storage tanks.
    Where is this warehouse located?
    The property is located at 315 Morgan Ln West Haven, CT.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Rail road siding on the property; - Heavy truck service garage with lift and 6 bay garage; - Large warehouse for ample storage or operations
    (203) 577-8346
    Request Owner's contact information
    315 Morgan Ln West Haven, CT 06516
    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.
    315 Morgan Ln
    West Haven, CT 06516
    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
    315 Morgan Ln West Haven, CT 06516
    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

    We can help!
    Listing Contact
    Rupi Rupwani
    (203) 577-8346 (203) 888-1380
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!