Renovated Office and Warehouse
New
For Sale
$399,000
41 First St, New Haven, CT 06519
A fenced yard, two adjacent lots, and on-site parking accompany the office and rear warehouse space.
Property Size2,047 SF
Lot Size0.27 Acres
Price / SF$194.92
Days on Market3
Property Features for 41 First St
General Information
Standard status
Active
Size
2,047 SF
Lot size
0.27 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
large reception area
private office
open space for additional desks
large conference room with built ins
remodeled kitchen
fully fenced yard
central air conditioning
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Houlihan Lawrence Wd
(203) 671-5684
Listed By:
Linda Edelwich Team
(860) 818-3610
Source:
Agentsonmain
Added: Oct 11
Last Checked: Oct 12 at 7:15PM
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 Houlihan Lawrence Wd
Investment Insights
Based on property information with market context.
This flex property combines approximately 1,300 square feet of renovated office space with warehouse space at the rear. The office layout includes a reception area, private office, open work area, conference room with built-ins, and remodeled kitchen. The building has two overhead doors, oil forced-air heat, updated electrical service, and central air conditioning.
The property sits on a fully fenced 0.16-acre yard with off-street parking and space for material or vehicle storage. The sale also includes two adjacent lots measuring 0.06 acres and 0.05 acres. The address is 41 First in New Haven, near Downtown New Haven.
The property sits on a fully fenced 0.16-acre yard with off-street parking and space for material or vehicle storage. The sale also includes two adjacent lots measuring 0.06 acres and 0.05 acres. The address is 41 First in New Haven, near Downtown New Haven.
Key Highlights
- Approximately 1,300 square feet of renovated office space
- Rear warehouse area with two overhead doors
- Office layout includes reception, private office, open work area, conference room, and remodeled kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,046
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,920
$620.9K
Cap Rate 7%
$443,514
$443.5K
Cap Rate 9%
$344,956
$345.0K
Market Conditions
NOI Build-Up for 2,047 SF
Gross rent
$54.0K $26.40/SF
− Vacancy
−$12.6K −$6.18/SF
EGI
$41.4K $20.22/SF
− OpEx
−$10.3K −$5.06/SF
NOI
$31.0K $15.17/SF
Area
New Haven, CT
Vacancy
23.40%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,920
Cap Rate 7%
$443,514
Cap Rate 9%
$344,956
Alternative Uses
Best Use
Office B
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$340.0K
$297.5K – $396.7K
NOI $23,803 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$658.5K
$576.2K – $768.2K
NOI $46,093 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in New Haven, CT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Claypot Chef — 451 Long Wharf Dr, New Haven, CT 06511
Frequently Asked Questions
What type of property is this?
Flex space - A fenced yard, two adjacent lots, and on-site parking accompany the office and rear warehouse space.
Where is this flex space located?
The property is located at 41 First St New Haven, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 1,300 square feet of renovated office space; Rear warehouse area with two overhead doors; Office layout includes reception, private office, open work area, conference room, and remodeled kitchen
