First-Floor Office
New
For Sale
Contact for pricing
451 Circular Ave, Hamden, CT 06514
A single-room workspace includes heat and electricity, with a shared bathroom on the lower level.
Property Size100 SF
Price / SF$3.25
Days on Market7
Property Features for 451 Circular Ave
General Information
Standard status
Active
Size
100 SF
Additional Details
Floor
First Floor
Utilities to Site
Yes
Property Use
Office
Building Details
Year Built
1925
Listing Agency:
HomeRun Realty LLC
Listed By:
Billie D'alessio (203) 239-2228 (203) 239-2228
(203) 239-2228
Source:
Fairfieldcounty-properties
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 30 at 2:17PM
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 HomeRun Realty LLC
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Investment Insights
Based on property information with market context.
This first-floor office unit contains one room in a building constructed in 1925. Heat and electricity are included, and occupants share a bathroom on the lower level. The layout provides a private office setting for work or meetings.
A separate, freestanding two-car garage is also available for storage at an additional charge.
A separate, freestanding two-car garage is also available for storage at an additional charge.
Key Highlights
- First‑floor, one‑room office unit
- Heat and electricity included
- Shared bathroom on the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,517
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,340
$30.3K
Cap Rate 7%
$21,671
$21.7K
Cap Rate 9%
$16,856
$16.9K
Market Conditions
NOI Build-Up for 100 SF
Gross rent
$2.6K $26.40/SF
− Vacancy
−$618 −$6.18/SF
EGI
$2.0K $20.22/SF
− OpEx
−$506 −$5.06/SF
NOI
$1.5K $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%
$30,340
Cap Rate 7%
$21,671
Cap Rate 9%
$16,856
Alternative Uses
Best Use
Office B
$21.7K
$19.0K – $25.3K
NOI $1,517 @ 7.0% cap · market cap 466.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$32.2K
$28.2K – $37.5K
NOI $2,252 @ 7.0% cap · market cap 692.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A single-room workspace includes heat and electricity, with a shared bathroom on the lower level.
Where is this office unit located?
The property is located at 451 Circular Ave Hamden, CT.
What are key features of this property?
This property features: First‑floor, one‑room office unit; Heat and electricity included; Shared bathroom on the lower level
