Nail Salon
For Sale
Contact for pricing
381 Shelton Ave, New Haven, CT 06511
Private basement access includes a washer and dryer.
Property Size1,116 SF
Price / SF$2.60
Days on Market9
Property Features for 381 Shelton Ave
General Information
Standard status
Active
Size
1,116 SF
Site & Location
Neighborhood
Newhallville
Amenities
private basement access with washer and dryer
Building Details
Year Built
1900
Listing Agency:
Whitestone Real Estate Group
Listed By:
Darolyn Lux (203) 278-9614 (203) 307-5064
(203) 307-5064
Source:
Ctshorelinehomesforsale
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:10PM
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 Whitestone Real Estate Group
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Investment Insights
Based on property information with market context.
This 1,116-square-foot storefront is arranged as a nail salon. Salon equipment, furnishings, and inventory may be acquired separately from the current owner. The building dates to 1900 and includes renovations described as modern. Private basement access provides a washer and dryer. The storefront is part of a multifamily property.
Key Highlights
- 1,116‑square‑foot storefront configured as a nail salon
- Salon equipment, furnishings, and inventory available separately from the current owner
- Private basement access with a washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,300
$322.3K
Cap Rate 7%
$230,214
$230.2K
Cap Rate 9%
$179,056
$179.1K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$24.1K $21.60/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$23.0K $20.63/SF
− OpEx
−$6.9K −$6.19/SF
NOI
$16.1K $14.44/SF
Area
New Haven, CT
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,300
Cap Rate 7%
$230,214
Cap Rate 9%
$179,056
Alternative Uses
Best Use
Retail
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 555.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.0K
$314.1K – $418.8K
NOI $25,129 @ 7.0% cap · market cap 866.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Burger King
Dining
9,071 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,710 visits/mo
0.5 miles
AutoZone
Shops & Services
3,901 visits/mo
0.5 miles
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Haven, CT
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Frequently Asked Questions
What type of property is this?
Storefront property - Private basement access includes a washer and dryer.
Where is this storefront property located?
The property is located at 381 Shelton Ave New Haven, CT.
What are key features of this property?
This property features: 1,116‑square‑foot storefront configured as a nail salon; Salon equipment, furnishings, and inventory available separately from the current owner; Private basement access with a washer and dryer
