Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Retail Destination on Foxon Title is generated by Realmo AI

    645 Foxon Road, East Haven, CT 06513

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $15,174/Mo (calc)

    Multi-tenant retail space with flexible layouts and strong traffic.

    Type:Commercial
    Property size:
    8,277 SF
    Lot size:
    1.54 Acres
    Added:
    Jan 31, 2026
    Days on Market:
    106
    Last Refresh:
    Apr 5 at 11:35 pm

    Property Features for 645 Foxon Road

    General Information

    Standard status
    Active
    Size
    8,277 SF
    Lot size
    1.54 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    VINCENZO VALENTINO
    VINCENZO VALENTINO

    Listing agent VINCENZO VALENTINO License #REB.0794313

    Listing office Advise Realty Services

    Listing date Jan 31, 2026

    Source Corcoran

    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 Advise Realty Services

    HighLights

    • High‑traffic location at a lighted intersection with 19,000+ vehicles per day
    • Strong demographics: $100,000+ household incomes and $5.13 billion+ consumer spending within 10 miles
    • Excellent visibility and easy access to I‑91 and I‑95
    • Flexible retail units with build‑to‑suit options
    • Ample parking available
    • Located near major retailers like Dunkin', CVS, and ShopRite

    Overview

    This retail space, formerly a Rite Aid, is being reimagined into a modern multi-tenant retail destination. The property is located at the lighted intersection of Foxon Road and Route 80, which sees over 19,000 vehicles per day. The building is all-gas, supporting efficient operations and a wide range of retail uses. The location offers easy access to I-91 and I-95 and is approximately 5 miles from Downtown New Haven. The property is surrounded by retailers such as Dunkin', CVS, ShopRite, O'Reilly Auto Parts, and Domino's. The site features ample parking and excellent visibility. The remaining space offers 3 retail units with flexible layouts and build-to-suit options. Ownership will occupy approximately 7,000 SF for a new concept, creating strong daily traffic and a complementary retail environment. Strong demographics with household incomes exceeding $100,000 and total consumer spending over $5.13 billion within a 10-mile radius. The property size is 8,277 SF and the asking price is $22.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Photo (Bike/Boat/Book/etc) Store Rite Aid Pharmacy higi Physician Joseph Kahrimanis Pharmacy Western Union Bank

    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.

    Location Insight

    • Map
    • Local Demand
    City
    East Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8509
    Latitude
    41.3222

    Nearby Similar for Lease

    • $3,700/Mo
      3,200 SF

      East Haven Office Space Available

      3,200 SF office space with functional layout for rent.
      182 Commerce Street, East Haven, CT 06512
      View Details
    • $3,700/Mo
      3,200 SF

      Functional Office Space with Amenities

      3,200 SF office space with conference room and kitchenette.
      182 Commerce St, East Haven, CT 06512
      View Details
    • $2,700/Mo
      1,938 SF

      Office Space Near Tweed Airport

      Office space with kitchenette, bathrooms, and parking near airport.
      260 Dodge Ave A, East Haven, CT 06512
      View Details
    • $2,400/Mo
      1,900 SF

      East Haven Retail/Office Space

      Retail/office space with high visibility and flexible layout.
      920 Foxon Rd 7, East Haven, CT 06513
      View Details
    • $15 SF/Yr
      8,000 SF

      East Haven Office Suites Available

      Office suites for lease with high visibility and ample parking.
      317 Foxon Road, East Haven, CT 06513
      View Details
    • $15 SF/Yr
      6,000 SF

      Route 80 Office Space Available

      Second-floor office units with high visibility and building signage.
      317 Foxon Rd, East Haven, CT 06513
      View Details
    • $3,700/Mo
      3,200 SF

      Functional Office Space For Rent

      3,200 SF office space with functional layout and ample parking.
      182 Commerce Street, East Haven, CT 06512
      View Details
    • $2,300/Mo
      1,900 SF

      East Haven Office Space Available

      Office unit available for rent, offering 1900 square feet.
      920 Foxon Road #7, East Haven, CT 06513
      View Details
    • $1,500/Mo
      1,030 SF

      East Haven Office Space Available

      Office unit available for lease in East Haven, Connecticut.
      920 Foxon Road #6, East Haven, CT 06513
      View Details
    • $2,900/Mo
      1,710 SF

      Retail/Office Space with Lower Level

      Versatile space suitable for retail, restaurant, or office use.
      330 Main Street, East Haven, CT 06512
      View Details
    • $19 SF/Yr
      14,892 SF

      East Haven Office Space Available

      Office space for rent in a tranquil, suburban maritime setting.
      100 South Shore Drive, East Haven, CT, 06512
      View Details
    • $2,700/Mo
      2,700 SF

      Office Space Near Tweed Airport

      Office space with kitchenette, bathrooms, and parking near airport.
      260 Dodge Avenue #A, East Haven, CT 06512
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail space with flexible layouts and strong traffic.
    Where is this retail space located?
    The property is located at 645 Foxon Road East Haven, CT.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location at a lighted intersection with 19,000+ vehicles per day; Strong demographics: $100,000+ household incomes and $5.13 billion+ consumer spending within 10 miles; Excellent visibility and easy access to I‑91 and I‑95
    (203) 996-1506
    We can help!
    Listing Contact
    VINCENZO VALENTINO
    VINCENZO VALENTINO
    Real Estate License ID: REB.0794313
    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
    645 Foxon Road, East Haven, CT 06513
    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!