Office Building with High
For Sale
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781 Whalley Ave, New Haven, CT 06515
Masonry office property with central air, natural light, and a fenced paved parking area.
Property Size34,262 SF
Price / SF$0.00
Days on Market78
Property Features for 781 Whalley Ave
General Information
Standard status
Active
Size
34,262 SF
Zoning
BA
Additional Details
Highway Access
Yes
Building Details
Year Built
1916
Construction
masonry
Listing Agency:
KNG Realty LLC
Listed By:
Kenneth S. Ginsberg (203) 376-6266 (959) 225-5564
(959) 225-5564
Source:
Centralconnecticuthomefinder
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 20 at 9:17PM
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 KNG Realty LLC
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Investment Insights
Based on property information with market context.
This masonry office building contains 34,262 square feet and dates to 1916. Abundant windows bring natural light into the professional space, while 14-foot ceilings, central air, and forced air/gas heat support a functional workplace environment. BA zoning is in place, and renovations are planned to begin upon execution of a lease, allowing the interior to be tailored to occupant requirements.
The property includes a large fenced paved parking lot and offers access to both I-95 and I-91. Its configuration can accommodate a larger office user or a subdivided arrangement for smaller occupants, subject to the final layout and renovation plan.
The property includes a large fenced paved parking lot and offers access to both I-95 and I-91. Its configuration can accommodate a larger office user or a subdivided arrangement for smaller occupants, subject to the final layout and renovation plan.
Key Highlights
- 34,262‑square‑foot office building constructed in 1916
- 14‑foot ceiling height with central air
- Abundant windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$519,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,392,900
$10.4M
Cap Rate 7%
$7,423,500
$7.4M
Cap Rate 9%
$5,773,833
$5.8M
Market Conditions
NOI Build-Up for 34,262 SF
Gross rent
$904.5K $26.40/SF
− Vacancy
−$211.7K −$6.18/SF
EGI
$692.9K $20.22/SF
− OpEx
−$173.2K −$5.06/SF
NOI
$519.6K $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%
$10,392,900
Cap Rate 7%
$7,423,500
Cap Rate 9%
$5,773,833
Alternative Uses
Best Use
Office B
$7.42M
$6.50M – $8.66M
NOI $519,645 @ 7.0% cap · market cap 2,598,225.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.02M
$9.64M – $12.86M
NOI $771,487 @ 7.0% cap · market cap 3,857,435.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
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Market
Vacancy Rate% for Office in New Haven, CT
Frequently Asked Questions
What type of property is this?
Office building - Masonry office property with central air, natural light, and a fenced paved parking area.
Where is this office building located?
The property is located at 781 Whalley Ave New Haven, CT.
What are key features of this property?
This property features: 34,262‑square‑foot office building constructed in 1916; 14‑foot ceiling height with central air; Abundant windows provide natural light
