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    Shelton Industrial Space with Office Title is generated by Realmo AI

    4th floor of the building located at 33 Hull St, Shelton, CT 06484

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    Flexible industrial space with loading dock and furnished office.

    Type:Industrial
    Added:
    May 21, 2026
    Days on Market:
    9
    Last Refresh:
    May 27 at 7:49 am

    Property Features for 4th floor of the building located at 33 Hull St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1919

    Spaces For Lease

    at 4th floor of the building located at 33 Hull St Contact us

    We can help!

    Listing Contact
    Kim Camella Roy

    Listing agent Kim Camella Roy License #RES.0761691

    Listing office RE/MAX Right Choice Real Estate

    Listing date May 21, 2026

    Source Crexi

    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 RE/MAX Right Choice Real Estate

    HighLights

    • High‑capacity (10,000 lbs) shared freight elevator with direct access to the space.
    • Flexible industrial space with high ceilings and two large open sections.
    • Convenient location directly off Route 8, Exit 14 in downtown Shelton, CT.
    • Includes a finished, potentially furnished, 18' x 20' office space.
    • Ample parking in the back of the building.
    • High‑speed business internet included.

    Overview

    Located right off exit 14 of Route 8 in downtown Shelton, CT, this flexible industrial space occupies the entire 4th floor of a building with a large parking lot. The space is accessible via a shared loading dock and a freight elevator with a 10,000 lb capacity, which opens directly into the unit. The layout includes an open area with high ceilings, two bathrooms, and a separate landlord storage area. An additional open space features high ceilings and access to another stairwell, along with an 18' x 20' finished office that can be fully furnished. High-speed business internet is included. Heating is provided by a heat pump with wifi connectivity for the office and four industrial gas heaters for the other areas. The electrical system includes a labeled 200 amp electrical box. Ladder access to the roof is available. This is a sublease opportunity with flexible lease terms, and the office space can be excluded if not required. The space is suitable for various industrial and commercial purposes.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Spice Catering Group — 73 High St, Derby, CT 06418
    • Bartending of Connecticut — 148 Elizabeth St, Derby, CT 06418
    • Savour Catering, LLC — 111 New Haven Ave, Derby, CT 06418
    • Twist of Taste — 181 Main St, Derby, CT 06418

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.08797
    Latitude
    41.312622

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    FAQs

    What type of property is this?
    Flex space - Flexible industrial space with loading dock and furnished office.
    Where is this flex space located?
    The property is located at 4th floor of the building located at 33 Hull St Shelton, CT.
    What are key features of this property?
    This property features: High‑capacity (10,000 lbs) shared freight elevator with direct access to the space.; Flexible industrial space with high ceilings and two large open sections.; Convenient location directly off Route 8, Exit 14 in downtown Shelton, CT.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Camella Roy
    Real Estate License ID: RES.0761691
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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