Office Units with Natural
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50 Fitch St, New Haven, CT 06515
Professional office space offers flexible subdivision, central air, and convenient access to I-95 and I-91.
Property Size34,262 SF
Price / SF$0.00
Days on Market78
Property Features for 50 Fitch St
General Information
Standard status
Active
Size
34,262 SF
Zoning
BA
Additional Details
Highway Access
Yes
Building Details
Year Built
1916
Construction
masonry
Listing Agency:
KNG Realty LLC
Listed By:
Kenneth S. Ginsberg (203) 376-6266 (959) 225-5564
(959) 225-5564
Source:
Centralconnecticuthomefinder
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 20 at 9:12PM
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 KNG Realty LLC
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Investment Insights
Based on property information with market context.
The office property at 50 Fitch Street is a masonry building constructed in 1916, with abundant windows, 14-foot ceilings, central air, and forced-air gas heat. BA zoning supports its professional office profile, while planned renovations will begin upon lease execution and allow customization of the space.
A large fenced and paved parking lot serves the property. The location provides access to both I-95 and I-91, supporting regional connectivity for office users and visitors. The available space can be configured for larger occupancy or divided for smaller users.
A large fenced and paved parking lot serves the property. The location provides access to both I-95 and I-91, supporting regional connectivity for office users and visitors. The available space can be configured for larger occupancy or divided for smaller users.
Key Highlights
- 14‑foot ceiling height with abundant windows
- Masonry building constructed in 1916
- Large fenced‑in paved parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$519,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,392,900
$10.4M
Cap Rate 7%
$7,423,500
$7.4M
Cap Rate 9%
$5,773,833
$5.8M
Market Conditions
NOI Build-Up for 34,262 SF
Gross rent
$904.5K $26.40/SF
− Vacancy
−$211.7K −$6.18/SF
EGI
$692.9K $20.22/SF
− OpEx
−$173.2K −$5.06/SF
NOI
$519.6K $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%
$10,392,900
Cap Rate 7%
$7,423,500
Cap Rate 9%
$5,773,833
Alternative Uses
Best Use
Office B
$7.42M
$6.50M – $8.66M
NOI $519,645 @ 7.0% cap · market cap 2,078,580.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.02M
$9.64M – $12.86M
NOI $771,487 @ 7.0% cap · market cap 3,085,948.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
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Market
Vacancy Rate% for Office in New Haven, CT
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space offers flexible subdivision, central air, and convenient access to I-95 and I-91.
Where is this office unit located?
The property is located at 50 Fitch St New Haven, CT.
What are key features of this property?
This property features: 14‑foot ceiling height with abundant windows; Masonry building constructed in 1916; Large fenced‑in paved parking lot
