Flex Space With Separate
New
For Sale
$1,350,000
752 Washington Avenue, West Haven, CT 06516
Commercial For Sale, West Haven, CT
Property Size12,075 SF
Lot Size0.25 Acres
Price / SF$111.80
Days on Market6
Property Features for 752 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Interior features
Employee Lounge
Exterior features
Doors - 16-20 ft,Loading Dock/Grade
Lot features
Corner Lot, Level Lot
Directions
Use GPS
Standard status
Active
Size
12,075 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11907
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
two bathrooms
kitchenette
conveyor
Building Details
Year built
1960
Floors in Building
2
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 614-8711
Listed By:
Chris Carozza · License #RES.0768259
(203) 912-6819
Added: Sep 18
Last Checked: Sep 23 at 6:06PM
MLS# 24205850
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines approximately 7,200+/- square feet of warehouse space 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, a kitchenette, employee lounge, and a conveyor linking the first and second floors. The showroom is equipped with separate heating and central air, while distinct entrances serve the showroom, warehouse, and upper level.
Two electric meters and two gas meters support independent service arrangements for the main area, front section, and upper level. The property also has natural gas, public water, and public sewer. Its level corner setting provides access to downtown West Haven and I-95. Zoning is R3, and the 0.25-acre property was built in 1960.
Two electric meters and two gas meters support independent service arrangements for the main area, front section, and upper level. The property also has natural gas, public water, and public sewer. Its level corner setting provides access to downtown West Haven and I-95. Zoning is R3, and the 0.25-acre property was built in 1960.
Key Highlights
- Approximately 12,075 square feet across warehouse, showroom, and upper‑level areas
- 7,200+/- square feet of warehouse space with approximately 22‑foot ceilings
- 2,700+/- square‑foot showroom and separately accessed 2,700+/- square‑foot upper level
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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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 - Corner commercial property with warehouse, showroom, and upper-level areas connected by independent access and flexible utility service.
Where is this flex space located?
The property is located at 752 Washington Avenue 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 12,075 square feet across warehouse, showroom, and upper‑level areas; 7,200+/- square feet of warehouse space with approximately 22‑foot ceilings; 2,700+/- square‑foot showroom and separately accessed 2,700+/- square‑foot upper level
