Flex Space with
New
For Sale
$1,350,000
752 Washington Ave, West Haven, CT 06516
Multi-component commercial space with independent entrances, utility metering, and a separate climate-controlled showroom.
Property Size12,075 SF
Days on Market5
Property Features for 752 Washington Ave
General Information
Standard status
Active
Size
12,075 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
7,200 SF
Power
400 amps
Three-Phase Power
Yes
Amenities
overhead door
three-phase power
bathrooms
kitchenette
conveyor
separate heating and central air
separate entrances
multiple electric and gas meters
natural gas
public water and sewer
Building Details
Building Size
12,075 SF
Year Built
1960
Stories
2
Listing Agency:
RE/MAX Right Choice
Listed By:
Chris Carozza · License #RES.0768259
(203) 912-6819
Source:
Elliman
Added: Sep 19
Last Checked: Sep 22 at 7:27PM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This flex property combines approximately 7,200+/- square feet of warehouse area with a 2,700+/- square-foot showroom and a separately accessed 2,700+/- square-foot upper level. The building includes a 16-by-16-foot overhead door, approximately 22-foot ceilings, 400-amp three-phase power, two bathrooms, a kitchenette, and a conveyor linking the first and second floors. Separate entrances support distinct access to the warehouse, showroom, and upper level, while two electric and two gas meters provide independent service options. The showroom has separate heating and central air.
Natural gas, public water, and public sewer serve the property. The level corner site at 752 Washington Ave offers access to downtown West Haven and I-95. The configuration supports a range of commercial operations, including contractor uses, building-material supply, cabinetmaking, distribution, light manufacturing, storage, and showroom functions. Built in 1960.
Natural gas, public water, and public sewer serve the property. The level corner site at 752 Washington Ave offers access to downtown West Haven and I-95. The configuration supports a range of commercial operations, including contractor uses, building-material supply, cabinetmaking, distribution, light manufacturing, storage, and showroom functions. Built in 1960.
Key Highlights
- Approximately 7,200+/- square feet of warehouse space
- 2,700+/- square‑foot showroom plus separately accessed 2,700+/- square‑foot upper level
- 16‑by‑16‑foot overhead door and approximately 22‑foot ceiling height
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
$115,630
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
8.57%
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%
$2,312,600
$2.3M
Cap Rate 7%
$1,651,857
$1.7M
Cap Rate 9%
$1,284,778
$1.3M
Market Conditions
NOI Build-Up for 12,075 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
$173.9K $14.40/SF
− Vacancy
−$8.7K −$0.72/SF
EGI
$165.2K $13.68/SF
− OpEx
−$49.6K −$4.10/SF
NOI
$115.6K $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%
$2,312,600
Cap Rate 7%
$1,651,857
Cap Rate 9%
$1,284,778
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,358 @ 7.0% cap · market cap 12.92%
Second Best
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,408 @ 7.0% cap · market cap 10.40%
Theoretical Best
Office A
$3.88M
$3.40M – $4.53M
NOI $271,896 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-component commercial space with independent entrances, utility metering, and a separate climate-controlled showroom.
Where is this flex space located?
The property is located at 752 Washington Ave West Haven, CT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 7,200+/- square feet of warehouse space; 2,700+/- square‑foot showroom plus separately accessed 2,700+/- square‑foot upper level; 16‑by‑16‑foot overhead door and approximately 22‑foot ceiling height
