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    Property profile & analytics

    2600 Whitney Ave Hamden, CT 06518-3033

    • Retail properties
    • 4,218 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0635039
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rainbow Cleaners / Dry Cleaner

    Property Details for 2600 Whitney Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    4,218 SF
    Zone code
    T4
    Property type
    Retail properties
    APN
    HAMD M:2730 B:224 L:00-0000
    APU
    HAMDM2730B224L000000

    Description

    This exceptional 4,218-square-foot retail storefront, located at 2600 Whitney Avenue in Hamden, Connecticut, presents a unique investment opportunity. Situated on a high-traffic section of Route 10, this single-story, Class B building offers ample on-site parking, ensuring convenient access for customers. Built in 1960, the property sits on a 0.4-acre lot and is zoned T-4. The building comprises a single unit with 4,218 square feet of net rentable space. This is a single-tenant property, currently occupied by a successful, family-owned dry cleaning business that has operated for 65 years. The business is also available for sale separately. This represents a rare chance to acquire a well-established property in a desirable location. The asking price for the real estate is $595,000. The property's long history and prime location make it an attractive investment for both seasoned and new investors seeking a strong foothold in the Hamden market. Serious inquiries are encouraged. The property's address is 2600 Whitney Ave, Hamden, CT 06518.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $386,000
      Market price range: $267k - $612k
      AI Estimate
      $328,000
      Market price range: $197k - $503k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8985
    Latitude
    41.3913
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,703
    $270,900
    $60,830
    $331,730
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      2,556 SF

      2411 Whitney Ave

      DEPARTMENT STORE • 2,556 SF
      2411 Whitney Ave, Hamden, CT 06518-3288
      View Details
    • Value Estimation
      $310,000
      3,180 SF

      2457 Whitney Ave

      DEPARTMENT STORE • 3,180 SF
      2457 Whitney Ave, Hamden, CT 06518-3237
      View Details
    • Value Estimation
      $360,000
      4,796 SF

      2383 Whitney Ave

      DEPARTMENT STORE • 4,796 SF
      2383 Whitney Ave, Hamden, CT 06518-3206
      View Details
    • Value Estimation
      $335,000
      5,005 SF

      3040 Whitney Ave

      DEPARTMENT STORE • 5,005 SF
      3040 Whitney Ave, Hamden, CT 06518-2351
      View Details
    • Value Estimation
      $355,000
      3,329 SF

      2308 Whitney Ave

      DEPARTMENT STORE • 3,329 SF
      2308 Whitney Ave, Hamden, CT 06518-3506
      View Details
    • Value Estimation
      $340,000
      5,315 SF

      2458 Whitney Ave

      DEPARTMENT STORE • 5,315 SF
      2458 Whitney Ave, Hamden, CT 06518-3233
      View Details

    Similar Nearby for Sale

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      Hamden Eatery - Turnkey Opportunity

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      Town Hall Plaza Investment Opportunity

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      Hamden Commercial Building For Sale

      Two-story commercial building with development potential in high-traffic area.
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      Hamden Commercial Property For Sale

      Two-story, 11,800 SF commercial building in Hamden, CT for sale.
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      Multifamily Property in Hamden, CT

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    Similar Nearby for Lease

    • $1,875 /Mo
      1,250 SF

      Hamden Commercial Space Available

      Commercial space available for rent in Hamden, Connecticut.
      2558 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,300 /Mo
      978 SF

      Renovated Office or Retail Space

      Newly renovated office or retail space with modern amenities.
      3000 Dixwell Ave, Hamden, CT 06518
      View Details
    • $16 SF/Yr
      3,200 SF

      Prime Hamden Office/Retail Space

      3200 SF office/retail space in high-traffic Hamden location.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $16 SF/Yr
      11,520 SF

      Hamden Retail & Office Space

      High-traffic corner location, two spaces available
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $16 SF/Yr
      3,200 SF

      Prime Hamden Office/Retail Space

      3200 SF office/retail space in high-traffic Hamden location.
      2340 2Nd St, Hamden, CT 06518
      View Details
    • $22 SF/Yr
      1,985 SF

      Hamden Retail Space For Lease

      1,985 SF retail space available in Hamden, Connecticut.
      2313-2315 Whitney Ave, Hamden, CT 06518
      View Details
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    Hamden, CT 06518-3033
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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