Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Retail and Office Title is generated by Realmo AI

    61 Amity Road, New Haven, CT 06515

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,950,000

    Retail and office spaces with high traffic and full occupancy.

    Type:Commercial/Industrial
    Property size:
    27,960 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $105/SF
    Added:
    Mar 11, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 61 Amity Road

    General Information

    Standard status
    Active
    Size
    27,960 SF
    Lot size
    1.14 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1947

    We can help!

    Listing Contact
    Young Lee
    Young Lee

    Listing agent Young Lee License #RES.0798035

    Listing office Houlihan Lawrence WD

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Houlihan Lawrence WD

    HighLights

    • Fully leased property with 15 retail and office spaces, ensuring immediate income
    • Strong 7.31% return rate on a $2.95 million investment
    • High‑traffic location on Amity Road, near A1 Toyota Dealer and Route 15 (0.2 miles)
    • Substantial 27,960 sq ft building on 1.14 acres
    • Newer heating and central air systems
    • Roof is still under warranty

    Overview

    This commercial property features 4 retail shops and 11 office spaces, totaling 27960 square feet on a 1.14-acre lot. All 15 spaces are fully leased, including a Goodwill store. Located on a high-traffic road (Amity Road) near the intersection with an A1 Toyota dealer and 0.2 miles from Route 15, the property benefits from significant visibility and accessibility. It offers ample parking and includes newer heating and central air systems. The roof is under warranty. The property is intended for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goodwill of Southern New ... Social Service Agency Goodwill Westville Store ... Discount Store TropiFish And Beyond (Bike/Boat/Book/etc) Store WorldWide Fish & Pets (Bike/Boat/Book/etc) Store

    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

    • Coinstar Kiosk | Bitcoin ATM — Stop & Shop - NY Metro, 112 Amity Rd, New Haven, CT 06525
    • Amity Plaza — 130 Amity Rd, New Haven, CT 06515
    • Amity Shopping Center — Amity Rd, New Haven, CT 06515

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9777
    Latitude
    41.3362

    Nearby Similar for Sale

    • $2,300,000
      15,230 SF

      Retail & Office Building Opportunity

      Well-maintained retail and office building in Wooster Square/Mill River.
      900 Grand Avenue, New Haven, CT 06511
      View Details
    • $550,000
      3,248 SF

      New Haven Two-Family Home

      Well-maintained two-family home in New Haven's Quinnipiac neighborhood.
      655 Quinnipiac Avenue, New Haven, CT 06513
      View Details
    • $975,000
      13,110 SF

      Westville Multifamily Investment Opportunity

      Spacious two-family in Westville near Yale Bowl.
      1955 Chapel Street, New Haven, CT 06515
      View Details
    • $499,900
      2,634 SF

      Spacious Two-Family Home Opportunity

      Charming two-family home near Lighthouse Park with harbor views.
      338 Lighthouse Road, New Haven, CT 06512
      View Details
    • $1,999,000
      6,343 SF

      Medical Office with Parking

      Medical office building with parking in Yale Medical Community.
      1455 Chapel Street, New Haven, CT 06511
      View Details
    • $2,575,000
      10,394 SF

      Updated Multifamily Portfolio in New Haven

      Well-maintained, fully rented 13-unit portfolio in Fair Haven Heights.
      83 E Grand Avenue, New Haven, CT 06513
      View Details
    • $2,575,000
      10,394 SF

      Updated Multifamily Portfolio in New Haven

      Well-maintained, fully rented 13-unit multifamily portfolio in New Haven.
      83 E Grand Avenue, New Haven, CT 06513
      View Details
    • $599,999
      3,604 SF

      New Haven Multifamily Investment Opportunity

      Spacious multi-family property near Yale, ideal for investors.
      437 Dixwell Avenue, New Haven, CT 06511
      View Details
    • $1,300,000
      7,126 SF

      Iconic Theater with Parking Lot

      Theater with parking lot and immense potential in New Haven.
      31 Main Street Annex, New Haven, CT 06511
      View Details
    • $1,200,000
      5,736 SF

      Historic Mansion Converted to Multifamily

      Stately 1905 mansion with four units and historic details.
      600 Whitney Avenue, New Haven, CT 06511
      View Details
    • $599,000
      3,422 SF

      Spacious Multi-Family Home in Westville

      Charming 3-family home in New Haven's desirable Westville area.
      46 Dayton Street, New Haven, CT 06515
      View Details
    • $499,990
      3,092 SF

      New Haven Investment Opportunity

      Three-family property in New Haven with over 3,000 sq ft.
      40 Shelter Street, New Haven, CT 06513
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces with high traffic and full occupancy.
    Where is this shopping center located?
    The property is located at 61 Amity Road New Haven, CT.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Fully leased property with 15 retail and office spaces, ensuring immediate income; **Strong 7.31% return rate** on a $2.95 million investment; High‑traffic location on Amity Road, near A1 Toyota Dealer and Route 15 (0.2 miles)
    (203) 787-6888
    We can help!
    Listing Contact
    Young Lee
    Young Lee
    Real Estate License ID: RES.0798035
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    61 Amity Road, New Haven, CT 06515
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!