Historic Office Building with
For Sale
$1,999,000
445 Orange Street, New Haven, CT 06511
COMMERCIAL - New Haven, CT
Property Size4,016 SF
Lot Size0.22 Acres
Price / SF$497.76
Days on Market48
Property Features for 445 Orange Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM2
Bathrooms
5
Full bathrooms
1
Half bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 1
Parking
12
Lot features
Level Lot
Directions
Trumbull to Orange
Subdivision
East Rock
Standard status
Active
Size
4,016 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
20146
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1858
Listing Agency:
Pearce Real Estate
(203) 776-1899
Listed By:
Bradley Fleming
(203) 314-0571
Added: Jun 15
Changed: Jul 29
Last Checked: Aug 1 at 9:06AM
MLS# 24183695
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1858 and attributed to architect Henry Austin for prominent New Haven physician Dr. William DeForest, this landmark Greek Revival brick building has been meticulously restored. Interior features include soaring 11-foot ceilings, original plaster crown moldings, exceptional woodwork, elegant arched openings, and bay windows. The first floor offers a large reception area, elegant offices, conference or meeting rooms, and a kitchen.
The second floor includes three spacious offices and a large conference room that is wired for high-speed video conferences. A fully finished lower level adds nearly 1,000 square feet of usable space with three offices and a large common work area. The property is located in the south part of East Rock, on the edge of downtown, with a highly visible setting and 12 off-street parking spaces. The zoning is RM2.
With its flexible layout and professional-focused room configuration, the building can support a range of office and service uses, including law firm, financial services, architectural or engineering practice, medical or consulting offices, and nonprofit headquarters. The mix of reception, private offices, meeting space, and a wired conference room is designed for client-facing operations and day-to-day team collaboration.
The second floor includes three spacious offices and a large conference room that is wired for high-speed video conferences. A fully finished lower level adds nearly 1,000 square feet of usable space with three offices and a large common work area. The property is located in the south part of East Rock, on the edge of downtown, with a highly visible setting and 12 off-street parking spaces. The zoning is RM2.
With its flexible layout and professional-focused room configuration, the building can support a range of office and service uses, including law firm, financial services, architectural or engineering practice, medical or consulting offices, and nonprofit headquarters. The mix of reception, private offices, meeting space, and a wired conference room is designed for client-facing operations and day-to-day team collaboration.
Key Highlights
- Greek Revival brick building built in 1858; attributed to Henry Austin for Dr. William DeForest in New Haven
- First floor features 11‑ft ceilings, large reception area, offices, conference/meeting rooms, and a kitchen
- Second floor offers three spacious offices plus a large conference room wired for high‑speed video conferences
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $27.60 |
| − Vacancy | −$8.3k | −$2.07 |
| EGI | $102.5k | $25.53 |
| − OpEx | −$41.0k | −$10.21 |
| NOI | $61.5k | $15.32 |
4,016 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$878.8K
$769.0K – $1.03M
NOI $61,517 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$870.1K
$761.4K – $1.02M
NOI $60,910 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,429 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
Location Intelligence
Trade Area within ½ mile
4,153
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in New Haven, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Restored brick office building with 11-foot ceilings, multiple conference-ready spaces, and 12 off-street parking spaces.
Where is this office building located?
The property is located at 445 Orange Street New Haven, CT.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Greek Revival brick building built in 1858; attributed to Henry Austin for Dr. William DeForest in New Haven; First floor features 11‑ft ceilings, large reception area, offices, conference/meeting rooms, and a kitchen; Second floor offers three spacious offices plus a large conference room wired for high‑speed video conferences
