Mixed-Use Building with
For Sale
$1,750,000
825 Grand Avenue, New Haven, CT 06511
Four levels include a finished lower floor, with a private parking lot next to the building.
Property Size7,200 SF
Price / SF$243.06
Days on Market123
Property Features for 825 Grand Avenue
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
22
Property subtype
Commercial
Zoning
BA
Amenities
Living Space Available
Sidewalk
Gutters
Lighting
Door Sign
Building Details
Building Size
7,200 SF
Year Built
1890
Stories
4
Units
1
Construction
brick
Listing Agency:
Century 21 Allpoints Realty
(203) 327-0021
Listed By:
Bob Jr Virgulak · License #RES.0805970
(203) 246-6505
Source:
Cappellorealty
Added: Jun 23
Changed: Oct 22
Last Checked: Oct 22 at 2:35PM
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 Century 21 Allpoints Realty
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 7,200 square feet over four levels, including a finished lower level. Interior details include exposed brick and high ceilings throughout. The building dates to 1890 and carries BA zoning; prospective purchasers should independently verify zoning and permitted uses.
A private parking lot adjoining the property provides over 22 dedicated spaces. The property is 0.4 miles from Sally's Apizza in New Haven.
A private parking lot adjoining the property provides over 22 dedicated spaces. The property is 0.4 miles from Sally's Apizza in New Haven.
Key Highlights
- Approximately 7,200 square feet across four levels, including a finished lower level
- Adjacent private parking lot with over 22 dedicated spaces
- Exposed brick and high ceilings on all levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,360
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,200
$2.0M
Cap Rate 7%
$1,419,429
$1.4M
Cap Rate 9%
$1,104,000
$1.1M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$172.8K $24.00/SF
− Vacancy
−$13.8K −$1.92/SF
EGI
$159.0K $22.08/SF
− OpEx
−$59.6K −$8.28/SF
NOI
$99.4K $13.80/SF
Area
New Haven, CT
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,200
Cap Rate 7%
$1,419,429
Cap Rate 9%
$1,104,000
Alternative Uses
Best Use
Mixed Use
$1.42M
$1.24M – $1.66M
NOI $99,360 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,124 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
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Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four levels include a finished lower floor, with a private parking lot next to the building.
Where is this mixed-use property located?
The property is located at 825 Grand Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 7,200 square feet across four levels, including a finished lower level; Adjacent private parking lot with over 22 dedicated spaces; Exposed brick and high ceilings on all levels
