Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9 Washington Ave Hamden, CT 6518

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical office space available in Hamden's central business district.

    Type:Office
    Property size:
    1,478 SF
    Added:
    Aug 17, 2023
    Days on Market:
    971
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 9 Washington Ave

    General Information

    Standard status
    Active
    Size
    1,478 SF
    Property subtype
    Office

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 9 Washington Ave Contact us

    #203 - 1,478 SF $27 /Mo

    Size
    1,478 SF
    Type
    Office
    1,478 SF of Medical Office space for Lease on the 2nd floor.
    Contact us

    We can help!

    Listing Contact
    J. Richard Lee

    Listing agent J. Richard Lee License #CT RES.0766102

    Listing office O, R&L Commercial Branford

    Listing date Aug 17, 2023

    Source Crexi

    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 O, R&L Commercial Branford

    Overview

    Medical Office Space For Lease

    Medical office space is available for lease within a 3-story professional medical office building at 9 Washington Ave in Hamden, CT. Located on the 2nd floor, Suite 203 offers 1,478 square feet of space. The property is situated in Hamden's central business district, at the corner of Washington Ave and Dixwell Ave at a traffic light, providing convenient access to highways I-91 and Route 15. The lease rate is $27 per square foot on a modified gross basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hamden Pediatrics Medical Clinic Connecticut Orthopaedics Medical Clinic Eric Fan, M.D ... Physician Richard A. Bernstein, MD Physician Connecticut: Hughes Jennifer Medical Clinic

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Hamden Animal Hospital — 2612 Whitney Ave, Hamden, CT 06518

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8983978
    Latitude
    41.3837599

    Nearby Similar for Lease

    • Contact for pricing

      Updated Office and Training Facility

      Renovated office building with training facilities and secure parking.
      496 Newhall Street unit: 308, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities and parking.
      496 Newhall Street unit: G3, Hamden, CT 06517
      View Details
    • $23/mo

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities in Hamden.
      496 Newhall Street, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Office and Training Facility

      Updated office and training facility with modern amenities and secure parking.
      496 Newhall Street unit: Ll2, Hamden, CT 06517
      View Details
    • $17/mo

      Hamden Office Building For Rent

      4,000 SF office building on 0.28 acres in Hamden.
      2040 Whitney Avenue, Hamden, CT 06517
      View Details
    • Contact for pricing

      Renovated Flex Space in Hamden

      5,187 SF renovated flex space with ample parking.
      2259 State Street, Hamden, CT 06517
      View Details
    • $25/mo

      Prime Retail Space in Hamden

      Retail space for lease on a busy commercial corridor.
      2415 Dixwell Avenue, Hamden, CT 06514
      View Details
    • Contact for pricing

      Retail/Office Space in Hamden, CT

      850 SF retail/office space in high-traffic Hamden location.
      2348 Whitney Avenue unit: A, Hamden, CT 06518
      View Details
    • Contact for pricing

      Hamden Office Space For Rent

      Well-maintained office space on Whitney Avenue in Hamden, CT.
      2572 Whitney Avenue, Hamden, CT 06518
      View Details
    • Contact for pricing

      Professional Office Building in Hamden

      Individual offices for lease in a professional building, great location.
      2285 Whitney Avenue unit: 5, Hamden, CT 06518
      View Details
    • Contact for pricing

      Professional Office Building in Hamden

      Individual offices for lease in a professional building, great location.
      2285 Whitney Avenue unit: 2, Hamden, CT 06518
      View Details
    • Contact for pricing

      Professional Office Building on Whitney

      Individual offices for lease in Hamden, convenient location.
      2285 Whitney Avenue unit: 3, Hamden, CT 06518
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space available in Hamden's central business district.
    Where is this medical office space located?
    The property is located at 9 Washington Ave Hamden, CT.
    What are key features of this property?
    This property features: Prime medical office space for lease in Hamden's Central Business District; Located in a 3‑story professional medical office building; Available suite: **1,478 SF on the 2nd floor (Suite 203)**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    J. Richard Lee
    Real Estate License ID: CT RES.0766102
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!