Historic Medical Office
445 Orange Street New Haven, CT 06511
445 Orange Street, New Haven, CT, 06511
$1,999,000
For Sale
$1,999,000
Restored Greek Revival brick building with multiple office suites, conference space, and 12 off-street parking spaces.
Property Size4,016 SF
Price / SF$497.76
Days on Market39
Property Features for 445 Orange Street
General Information
- Standard status
- Active
- Size
- 4,016 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1858
Listing Agency
(203) 314-0571
Listed by
Pearce Real Estate
(203) 314-0571
Source
Xome
Added: Jun 9 Checked: Jul 16 at 6:35 am
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 Pearce Real Estate
Investment Insights
Based on property information with market context.
This restored Greek Revival brick building offers approximately 4,016 square feet of finished space across multiple levels. The first floor features 11-foot ceilings, a large reception area, elegant offices, conference or meeting rooms, and a kitchen. The second floor includes three spacious offices, including a large conference room wired for high-speed video conferencing. A fully finished lower level adds nearly 1,000 square feet of usable space with three offices, a large common work area, and a unique circular room suited for storage, archives, or a wine cellar. Architectural details include original plaster crown moldings, exceptional woodwork, elegant arched openings, and bay windows.
Located in the south part of East Rock at the edge of Downtown New Haven, the property is described as highly visible and includes 12 off-street parking spaces for staff and visitors.
The layout supports professional and commercial office uses, including law firms, financial services, architectural or engineering practices, medical or consulting offices, and nonprofit headquarters. With reception space, multiple offices, and conference areas suited to both in-person and video meetings, the property is well positioned for organizations seeking a functional floor plan within a landmark setting.
Located in the south part of East Rock at the edge of Downtown New Haven, the property is described as highly visible and includes 12 off-street parking spaces for staff and visitors.
The layout supports professional and commercial office uses, including law firms, financial services, architectural or engineering practices, medical or consulting offices, and nonprofit headquarters. With reception space, multiple offices, and conference areas suited to both in-person and video meetings, the property is well positioned for organizations seeking a functional floor plan within a landmark setting.
Key Highlights
- Restored 1858 Greek Revival brick building on the edge of Downtown East Rock (South part of East Rock).
- First floor features 11‑ft ceilings with reception area, offices, conference/meeting rooms, and a kitchen.
- Second floor offers three spacious offices, including a large conference room wired for high‑speed video conferences.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Winchester Capital Corporation
Bank
Orange Street Properties ...
Real Estate Agency
Nord Star Boats
(Bike/Boat/Book/etc) Store
Orange Street Rental ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Restored Greek Revival brick building with multiple office suites, conference space, 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: Restored 1858 Greek Revival brick building on the edge of Downtown East Rock (South part of East Rock).; First floor features 11‑ft ceilings with reception area, offices, conference/meeting rooms, and a kitchen.; Second floor offers three spacious offices, including a large conference room wired for high‑speed video conferences.
