Warehouse & Manufacturing Facility with Loading
For Sale
Contact for pricing
695 Amity Rd, Bethany, CT 06524
Warehouse and manufacturing facility with two loading docks and a drive-in, offering ample parking on a busy road.
Property Size17,454 SF
Lot Size2.00 Acres
Price / SF$105.99
Days on Market85
Property Features for 695 Amity Rd
General Information
Standard status
Active
Size
17,454 SF
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Road Access
Yes
Building Details
Building Size
17,454 SF
Listing Agency:
Godin Property Brokers
(203) 577-2277
Listed By:
Brian Godin
Source:
Moodyscre
Added: May 28
Changed: Aug 11
Last Checked: Aug 11 at 2:52AM
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 Godin Property Brokers
Investment Insights
Based on property information with market context.
This warehouse and manufacturing facility totals 17,454 +/- SF and is set up for practical distribution and production use. The building offers a 15’–20’ ceiling height, along with two loading docks and one oversized drive-in for flexible vehicle access.
The property sits on 2 acres with ample parking and provides great visibility on busy RT 63, supporting customers, vendors, and deliveries.
With the combination of ceiling height and loading improvements, the facility is well suited for tenants seeking a functional warehouse/manufacturing space with straightforward truck access and on-site staging.
The property sits on 2 acres with ample parking and provides great visibility on busy RT 63, supporting customers, vendors, and deliveries.
With the combination of ceiling height and loading improvements, the facility is well suited for tenants seeking a functional warehouse/manufacturing space with straightforward truck access and on-site staging.
Key Highlights
- 17,454 +/- SF warehouse and manufacturing facility
- 15’–20’ ceiling height
- Two loading docks plus one oversized drive‑in
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$167,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,342,800
$3.3M
Cap Rate 7%
$2,387,714
$2.4M
Cap Rate 9%
$1,857,111
$1.9M
Market Conditions
NOI Build-Up for 17,454 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$251.3K $14.40/SF
− Vacancy
−$12.6K −$0.72/SF
EGI
$238.8K $13.68/SF
− OpEx
−$71.6K −$4.10/SF
NOI
$167.1K $9.58/SF
Area
New Haven, CT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,342,800
Cap Rate 7%
$2,387,714
Cap Rate 9%
$1,857,111
Alternative Uses
Best Use
Warehouse
$2.90M
$2.54M – $3.38M
NOI $202,955 @ 7.0% cap · market cap 10.97%
Second Best
Industrial
$2.39M
$2.09M – $2.79M
NOI $167,140 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $393,017 @ 7.0% cap · market cap 21.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06524, CT
5,297
Population
1,846
Households
2.9
Avg Household Size
48
Median Age
59%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
251
Density / Sq Mi
$153,879
Median Household Income
$72,144
Median Earnings
$1,500
Median Rent
$418,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Complete Efficient Storage — 674 Amity Rd, Bethany, CT 06524
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and manufacturing facility with two loading docks and a drive-in, offering ample parking on a busy road.
Where is this warehouse located?
The property is located at 695 Amity Rd Bethany, CT.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 17,454 +/- SF warehouse and manufacturing facility; 15’–20’ ceiling height; Two loading docks plus one oversized drive‑in
