Multi-Unit Flex Warehouse
For Sale
$1,200,000
46 Clinton Ave, New Haven, CT 06513
For sale mixed-use property with six units, including two large bay warehouse-style spaces.
Property Size6,700 SF
Price / SF$179.10
Days on Market82
Property Features for 46 Clinton Ave
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Zoning
RM1
Taxes and HOA fees
Annual Taxes
$7,189
Building Details
Year Built
1920
Listing Agency:
Roundtree Realty LLC
(203) 758-0264
Listed By:
Aharon Cowen · License #RES.0832571
(747) 252-3955
Source:
Davejonesrealty
Added: Jun 15
Changed: Sep 1
Last Checked: Sep 4 at 7:05AM
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 Roundtree Realty LLC
Investment Insights
Based on property information with market context.
This multi-unit mixed-use flex warehouse property for sale includes six total units, with two larger bay/warehouse-style spaces designed for practical storage and operational use. The remaining units add additional flexibility within the overall layout, supporting an owner-operator configuration where onsite operations can be complemented by rental income from other components.
Located at 46 Clinton Ave in New Haven, CT, the property is described as offering convenient access to major roads and nearby businesses and neighborhood amenities.
For buyers seeking adaptable space with multiple unit components, the combination of functional bay areas and additional units supports a range of end-user and income-producing scenarios as presented in the listing.
Located at 46 Clinton Ave in New Haven, CT, the property is described as offering convenient access to major roads and nearby businesses and neighborhood amenities.
For buyers seeking adaptable space with multiple unit components, the combination of functional bay areas and additional units supports a range of end-user and income-producing scenarios as presented in the listing.
Key Highlights
- Mixed‑use property for sale at 46 Clinton Ave, New Haven, CT
- Year built 1920
- 6 total units, including 2 large bay/warehouse‑style spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,558,160
$1.6M
Cap Rate 7%
$1,112,971
$1.1M
Cap Rate 9%
$865,644
$865.6K
Market Conditions
NOI Build-Up for 6,700 SF
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.
Gross rent
$96.5K $14.40/SF
− Vacancy
−$4.8K −$0.72/SF
EGI
$91.7K $13.68/SF
− OpEx
−$13.7K −$2.05/SF
NOI
$77.9K $11.63/SF
Area
New Haven, CT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,558,160
Cap Rate 7%
$1,112,971
Cap Rate 9%
$865,644
Alternative Uses
Best Use
Warehouse
$1.11M
$973.9K – $1.30M
NOI $77,908 @ 7.0% cap · market cap 6.49%
Second Best
Industrial
$916.6K
$802.0K – $1.07M
NOI $64,159 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,866 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Market
Vacancy Rate% for Industrial in New Haven, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - For sale mixed-use property with six units, including two large bay warehouse-style spaces.
Where is this flex space located?
The property is located at 46 Clinton Ave New Haven, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed‑use property for sale at 46 Clinton Ave, New Haven, CT; Year built 1920; 6 total units, including 2 large bay/warehouse‑style spaces
