Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    540 Boston Post Rd West Haven, CT 06461

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($2,500 /Mo)

    Commercial space ideal for restaurant, coffee shop, or QSR.

    Property size:
    1,200 SF
    Lot size:
    0.46 Acres

    Property Features for 540 Boston Post Rd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    0.46 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Leslie Terres
    Source: Corcoran

    Listing Agency: West Shore Realty Listing Agent: Leslie Terres

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restaurant Space on Boston Post

    This 1,200-square-foot commercial space is located on Boston Post Road and shares a building with a high-traffic gas station. The location offers proximity to major universities, including UNH and Yale, as well as I-95 and I-91. Previously used as a mechanic shop, the space is suitable for a restaurant, coffee shop, sandwich shop, or other eating establishment, with a preference for a brand name or chain. There is potential for a drive-through option. The property features ample parking and is situated on a busy route with a daily traffic count of 25,000 vehicles per day, offering a unique opportunity to start or expand a business.
    Location Intelligence

    Current Use by Public Records

    F and M Automotive ... Car Dealership Green Fuel Gas Station America's Bitcoin ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Bob's BBQ & Catering, Moe's Southwest Grill

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.964702
    Latitude
    41.29129

    Nearby Similar for Lease

    • New
      $10 SF/Yr
      4,800 SF

      West Haven Retail Space Available

      Retail space for lease in a well-maintained plaza.
      221 Bull Hill Ln, West Haven, CT 06516
      View Details
    • New
      $8 SF/Yr
      12,075 SF

      West Haven Commercial Space Available

      Showroom and warehouse space suitable for various businesses.
      754 Washington Ave, West Haven, CT 06516
      View Details
    • New
      $25 SF/Yr
      1,200 SF

      West Haven Commercial Space Available

      High-traffic location ideal for restaurant or retail on Boston Post.
      540 Boston Post Rd, West Haven, CT 06461
      View Details
    • New
      $14 SF/Yr
      2,927 SF

      West Haven Office Space Available

      Office space for lease with flexible configurations and easy access.
      687 Campbell Ave, West Haven, CT 06516
      View Details
    • New
      $1,800 /Mo
      1,300 SF

      West Haven Commercial Space Available

      1300 SF commercial space ideal for warehouse, distribution, or storage.
      215 Tuthill St, West Haven, CT 06516
      View Details
    • $500 /Mo

      West Haven Office Space Available

      Affordable office space with convenient highway access.
      488 Derby Ave, West Haven, CT 06516
      View Details
    • $3,000 /Mo

      West Haven Industrial/Office Space

      3,500 SF industrial/office space in West Haven for lease.
      748 Washington Ave, West Haven, CT 06516
      View Details
    • $1,899 /Mo

      Remodeled Commercial Space on Main Street

      Turn-key commercial space suitable for kitchen, retail, or office.
      224 Campbell Ave, West Haven, CT 06516
      View Details
    • $1,500 /Mo
      2,500 SF

      West Haven Warehouse Space Available

      2,500 SF warehouse with offices, bath, and garage.
      485 Campbell Ave, West Haven, CT 06516
      View Details
    • $3,500 /Mo
      3,000 SF

      Industrial Warehouse Space Available

      3,000 SF industrial warehouse space for rent.
      614-618 Campbell Ave, West Haven, CT 06516
      View Details
    • $4,400 /Mo
      5,688 SF

      Adaptable Flex Space Available

      Customizable flex space with loading dock and drive-in doors.
      27 Kimberly Ave, West Haven, CT 06516
      View Details
    • $500 /Mo
      500 SF

      West Haven Office Space For Rent

      Affordable office space with highway access in West Haven.
      488 Derby Ave, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial space ideal for restaurant, coffee shop, or QSR.
    Where is this restaurant located?
    The property is located at 540 Boston Post Rd West Haven, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Boston Post Rd (Route 1) with 25,000 vehicles per day.; - Shares building with high-traffic gas station.; - Ideal for restaurant/QSR, preferably a brand name or chain, with potential drive-thru.
    (203) 520-3254
    Request Owner's contact information
    540 Boston Post Rd West Haven, CT 06461
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    540 Boston Post Rd
    West Haven, CT 06461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    540 Boston Post Rd West Haven, CT 06461
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Leslie Terres
    Real Estate License ID: RES.0807197
    (203) 520-3254 (203) 874-0523 (203) 878-7424
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!