Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Retail Space For Rent Title is generated by Realmo AI

    323 Washington Avenue #2, North Haven, CT 06473

    View on Map
    Claim this Listing
    For Lease
    $26 SF/Yr $24,340/Mo (calc)

    Updated retail space in a high-traffic location available for rent.

    Type:Commercial
    Property size:
    11,234 SF
    Lot size:
    0.82 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Apr 5 at 11:35 pm

    Property Features for 323 Washington Avenue #2

    General Information

    Standard status
    Active
    Size
    11,234 SF
    Lot size
    0.82 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    KATHLEEN THUERLING
    KATHLEEN THUERLING

    Listing agent KATHLEEN THUERLING

    Listing office Century 21 AllPoints Realty

    Listing date Jan 21, 2026

    Source Corcoran

    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 Century 21 AllPoints Realty

    HighLights

    • High‑traffic location on Washington Avenue (State Road)
    • Spacious layout with over 1200 sq ft
    • Updated space with open floor plan
    • Located next to Dino's restaurant and near Dunkin' and Big Y
    • Built in 2005
    • Abundance of natural light

    Overview

    This updated retail space, featuring an open floor plan, is available for rent. The space offers over 1200 square feet and includes an unequiped kitchen and bath. The property benefits from abundant natural light. Situated on Washington Avenue, a state road, the location offers high visibility, positioned near Big Y, Dunkin', and a car wash. The property is located next door to Dino's restaurant, offering potential synergy with established businesses.
    Location Intelligence

    Current Use by Public Records

    Camouflage Clothing Store Vines Wine & Liquor (Bike/Boat/Book/etc) Store World Class Liquor ... (Bike/Boat/Book/etc) Store Dino's Restaurant Coinsource Bitcoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.848
    Latitude
    41.4051

    Nearby Similar for Lease

    • $14 SF/Yr
      2,700 SF

      Restored Landmark Office Building

      A fully renovated landmark office with a bright, large open space and ample on-site parking in a central business district.
      26 Broadway, North Haven, CT 06473
      View Details
    • $20 SF/Yr
      1,701 SF

      Remodeled Retail/Flex Space Available

      Recently remodeled space suitable for restaurant, retail, or flex use.
      630 Washington Avenue, North Haven, CT 06473
      View Details
    • $1,600/Mo
      1,000 SF

      Garden Level Studio Space

      Bright, move-in-ready garden level suite with walk-out rear entrance, private bathroom, and elevator access.
      100 Broadway, North Haven, CT 06473
      View Details
    • $1,705/Mo
      1,076 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Avenue, North Haven, CT 06473
      View Details
    • $1,210/Mo
      765 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space with excellent visibility and accessibility.
      500 Washington Avenue, North Haven, CT 06473
      View Details
    • $10 SF/Yr
      9,416 SF

      North Haven Industrial/Flex Facility

      Well-maintained industrial/flex/warehouse facility with excellent I-91 access.
      30 Montowese Avenue, North Haven, CT 06473
      View Details
    • $2,300/Mo
      1,972 SF

      Updated Office Suite For Rent

      Move-in ready office suite with modern amenities and convenient location.
      15 Maiden Lane, North Haven, CT 06473
      View Details
    • $1,500/Mo
      1,280 SF

      North Haven Office Space Available

      First floor office space in North Haven, available mid-May 2026.
      282 State Street, North Haven, CT 06473
      View Details
    • $1,500/Mo
      2,350 SF

      North Haven Office Space Available

      Second floor office suite in Taft Park, North Haven.
      355 Sackett Point Road, North Haven, CT 06473
      View Details
    • $8 SF/Yr
      6,000 SF

      Multi-Tenant Industrial Facility

      Well-maintained industrial space with immediate Interstate 91 access and select finished office space.
      303 State St, North Haven, CT 06473
      View Details
    • $1,500/Mo
      1,280 SF

      North Haven Office Space Available

      1,280 SF office space with I-91 access for rent.
      282 State St, North Haven, CT 06473
      View Details
    • $26 SF/Yr
      1,200 SF

      Updated Retail Space For Rent

      Updated retail space with open floor plan in North Haven.
      323 Washington Ave 2, North Haven, CT 06473
      View Details

    FAQs

    What type of property is this?
    Retail space - Updated retail space in a high-traffic location available for rent.
    Where is this retail space located?
    The property is located at 323 Washington Avenue #2 North Haven, CT.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Washington Avenue (State Road); Spacious layout with over 1200 sq ft; Updated space with open floor plan
    (203) 265-1931
    We can help!
    Listing Contact
    KATHLEEN THUERLING
    KATHLEEN THUERLING
    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

    Thank You for Inquiry
    323 Washington Avenue #2, North Haven, CT 06473
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!