Multi-Tenant Medical Office
764 Campbell Avenue West Haven, CT 06516
New
764 Campbell Avenue, West Haven, CT, 06516
$1,995,000
For Sale
$1,995,000
Multi-tenant medical office building offered for sale, positioned within an established healthcare and professional corridor.
Property Size12,042 SF
Lot Size0.24 Acres
Price / SF$165.67
Days on Market5
Property Features for 764 Campbell Avenue
General Information
- Standard status
- Active
- Size
- 12,042 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing Agency
Colonial Properties Inc
(203) 795-8060
Listed by
FRED MESSORE · License #REB.0794161
Source
Corcoran
Added: Jul 16 Checked: Jul 19 at 2:03 am
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 Colonial Properties Inc
Investment Insights
Based on property information with market context.
This multi-tenant medical office building totals 12,042 SF +/- and is offered for sale as an investment property. The building is situated on a 0.24 +/- acre parcel in the NB Zone and is positioned to serve both tenants and visitors in a professional healthcare corridor setting.
The property is located at 764 Campbell Avenue in West Haven, approximately 0.1 miles from I-95, and it sits directly along a public bus line. It is also near Downtown West Haven, the West Haven Train Station, the VA Hospital, and the University of New Haven.
Public remarks indicate established tenancy is already in place, with remaining available space presenting additional lease-up opportunity.
The property is located at 764 Campbell Avenue in West Haven, approximately 0.1 miles from I-95, and it sits directly along a public bus line. It is also near Downtown West Haven, the West Haven Train Station, the VA Hospital, and the University of New Haven.
Public remarks indicate established tenancy is already in place, with remaining available space presenting additional lease-up opportunity.
Key Highlights
- 12,042 SF +/- multi‑tenant medical office building built in 1998
- 0.24 +/- acre parcel in the NB Zone
- Located 0.1 miles from I‑95 and directly along a public bus line
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $317.9k | $26.40 |
| − Vacancy | −$74.4k | −$6.18 |
| EGI | $243.5k | $20.22 |
| − OpEx | −$60.9k | −$5.06 |
| NOI | $182.6k | $15.17 |
12,042 SF · lease $26.40/SF/yr · vacancy 23.40% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.07M
NOI $184,459 @ 7.0% cap · market cap 9.25%
Second Best
Office B
$2.61M
$2.28M – $3.04M
NOI $182,639 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,153 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Samuel Hahn, MD
Physician
Sean W. Lazarus, ...
Physician
Dr. Marian E. ...
Physician
Kripa Plapetta Damodharan
Physician
Quest Diagnostics
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Feldman Alan DVM — 959 Campbell Ave, West Haven, CT 06516
- Angel Animal Hospital — 333 Elm St, West Haven, CT 06516
FAQs
What type of property is this?
Medical Office Space - Multi-tenant medical office building offered for sale, positioned within an established healthcare and professional corridor.
Where is this medical office space located?
The property is located at 764 Campbell Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 12,042 SF +/- multi‑tenant medical office building built in 1998; 0.24 +/- acre parcel in the NB Zone; Located 0.1 miles from I‑95 and directly along a public bus line
