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

    620 Ella T Grasso Blvd New Haven, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12,544 SF warehouse/industrial property for sale in New Haven.

    Type:RETAIL
    Property size:
    12,544 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $63/SF
    Added:
    Jul 23, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 5 at 9:05 pm

    Property Features for 620 Ella T Grasso Blvd

    General Information

    Standard status
    Active
    Size
    12,544 SF
    Lot size
    0.49 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Stephen Press, SIOR

    Listing agent Stephen Press, SIOR

    Listing office Press | Cuozzo Realtors

    Listing date Jul 23, 2025

    Source Moodyscre

    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 Press | Cuozzo Realtors

    Overview

    New Haven Warehouse Opportunity

    This property offers 12,544 square feet of warehouse and industrial space. It is located on Ella T Grasso Blvd in New Haven, Connecticut.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fairclough Sailmakers Inc. (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

    • Mini Max Space LLC — 445 Front Ave, West Haven, CT 06516

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9474
    Latitude
    41.2955

    Nearby Similar for Sale

    • $975,000
      13,110 SF

      Westville Multifamily Investment Opportunity

      Spacious duplex in Westville near Yale Bowl.
      1955 Chapel Street, New Haven, CT 06515
      View Details
    • $424,000
      2,584 SF

      Updated Mixed-Use Investment Opportunity

      Updated mixed-use building near Downtown New Haven and Yale University.
      94 Kimberly Avenue, New Haven, CT 06519
      View Details
    • $449,000
      2,584 SF

      Updated Mixed-Use Commercial Building

      Updated mixed-use commercial building near Downtown New Haven and Yale.
      94 Kimberly Avenue, New Haven, CT 06519
      View Details
    • $619,990
      3,604 SF

      New Haven Multifamily Investment Opportunity

      Spacious multi-family property near downtown New Haven and Yale University.
      437 Dixwell Avenue, 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
    • $370,000
      1,080 SF

      New Haven Commercial Building For Sale

      Freestanding commercial building with flexible-use space near Yale and Quinnipiac.
      515 Middletown Avenue, New Haven, CT 06513
      View Details
    • $995,000
      4,583 SF

      East Rock Four-Family Home

      Well-maintained four-family in East Rock, ideal for owner-occupant.
      29 Nicoll Street, New Haven, CT 06511
      View Details
    • $874,900
      3,229 SF

      East Rock Multifamily Investment

      Well-maintained three-family house in desirable East Rock neighborhood.
      16 Edwards Street, New Haven, CT 06511
      View Details
    • $1,999,000
      6,343 SF

      Medical Office with Parking Potential

      Prime location near Yale Medical with parking and restaurant potential.
      1455 Chapel Street, New Haven, CT 06511
      View Details
    • $499,000
      2,496 SF

      Well-Maintained Duplex in New Haven

      Side-by-side duplex with rental income potential near local amenities.
      56 Victory Drive, New Haven, CT 06515
      View Details
    • $485,000
      1,792 SF

      New Haven Multifamily Income Property

      Two-unit property in New Haven with immediate cash flow.
      567 Sherman Parkway, New Haven, CT 06511
      View Details

    FAQs

    What type of property is this?
    Warehouse - 12,544 SF warehouse/industrial property for sale in New Haven.
    Where is this warehouse located?
    The property is located at 620 Ella T Grasso Blvd New Haven, CT.
    What is the asking price?
    The asking price for this property is $798,500.
    What are key features of this property?
    This property features: 12,544 SF warehouse/industrial property; For sale; Located in New Haven
    (203) 530-5558 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephen Press, SIOR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!