Multi-Office Suite in Owner-Occupied
New
For Sale
Contact for pricing
88 Farwell St, West Haven, CT 06516
The flexible layout can support private offices, work areas, and conference space.
Property Size3,800 SF
Price / SF$0.00
Days on Market6
Property Features for 88 Farwell St
General Information
Standard status
Active
Size
3,800 SF
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1957
Listing Agency:
Colonial Properties Inc
Listed By:
Fred A. Messore (203) 988-6298 (203) 795-8060 · License #REB.0794161
(203) 988-6298
Source:
Centralconnecticuthomefinder
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 25 at 2:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Approximately 3,800 square feet of office space is available in a building that is partially occupied by its owner. The suite can accommodate private offices, open work areas, and conference space, offering several distinct work settings within one office property.
The building dates to 1957 and is located just off Route 1 in West Haven, Connecticut. The space is available for immediate occupancy.
The building dates to 1957 and is located just off Route 1 in West Haven, Connecticut. The space is available for immediate occupancy.
Key Highlights
- Approximately 3,800 SF of office space
- Suite layout accommodates private offices, work areas, and conference space
- Located just off Route 1 in West Haven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,634
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,680
$1.2M
Cap Rate 7%
$823,343
$823.3K
Cap Rate 9%
$640,378
$640.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$100.3K $26.40/SF
− Vacancy
−$23.5K −$6.18/SF
EGI
$76.8K $20.22/SF
− OpEx
−$19.2K −$5.06/SF
NOI
$57.6K $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%
$1,152,680
Cap Rate 7%
$823,343
Cap Rate 9%
$640,378
Alternative Uses
Best Use
Office B
$823.3K
$720.4K – $960.6K
NOI $57,634 @ 7.0% cap · market cap 960,566.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,566 @ 7.0% cap · market cap 1,426,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The flexible layout can support private offices, work areas, and conference space.
Where is this office unit located?
The property is located at 88 Farwell St West Haven, CT.
What are key features of this property?
This property features: Approximately 3,800 SF of office space; Suite layout accommodates private offices, work areas, and conference space; Located just off Route 1 in West Haven
