ADA-Compliant Office
For Sale
Contact for pricing
655 Saw Mill Rd, West Haven, CT 06516
Commercial condominium with ADA-compliant design, parking, and convenient connections to Route 1 and I-95.
Property Size1,301 SF
Price / SF$176.71
Days on Market67
Property Features for 655 Saw Mill Rd
General Information
Standard status
Active
Size
1,301 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Pearce Real Estate
(203) 281-3400
Listed By:
John Bergin
(203) 641-5888
Source:
Moodyscre
Added: Aug 11
Changed: Oct 15
Last Checked: Oct 15 at 12:51AM
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 Pearce Real Estate
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Investment Insights
Based on property information with market context.
This 1301 SF commercial condominium is located within an ADA-compliant building and is suited to medical or other professional office use. The offering includes plentiful parking and is scheduled to be available September 1.
The property is positioned on Saw Mill Road in West Haven, with access to Boston Post Road (Route 1) and I-95 at Exit 42 via Saw Mill Road. Its office-oriented configuration provides a practical setting for professional operations requiring regional highway access.
The property is positioned on Saw Mill Road in West Haven, with access to Boston Post Road (Route 1) and I-95 at Exit 42 via Saw Mill Road. Its office-oriented configuration provides a practical setting for professional operations requiring regional highway access.
Key Highlights
- 1301 SF commercial condominium
- ADA‑compliant building
- Suitable for medical or other professional office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,732
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,640
$394.6K
Cap Rate 7%
$281,886
$281.9K
Cap Rate 9%
$219,244
$219.2K
Market Conditions
NOI Build-Up for 1,301 SF
Gross rent
$34.3K $26.40/SF
− Vacancy
−$8.0K −$6.18/SF
EGI
$26.3K $20.22/SF
− OpEx
−$6.6K −$5.06/SF
NOI
$19.7K $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%
$394,640
Cap Rate 7%
$281,886
Cap Rate 9%
$219,244
Alternative Uses
Best Use
Office B
$281.9K
$246.7K – $328.9K
NOI $19,732 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.5K
$366.2K – $488.3K
NOI $29,295 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Commercial condominium with ADA-compliant design, parking, and convenient connections to Route 1 and I-95.
Where is this office units located?
The property is located at 655 Saw Mill Rd West Haven, CT.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1301 SF commercial condominium; ADA‑compliant building; Suitable for medical or other professional office uses
