Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Divisible Retail Space Available Title is generated by Realmo AI

    Captain Thomas Blvd, West Haven, CT 06516

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

    Retail space for rent with high visibility and traffic.

    Type:Retail
    Property size:
    8,300 SF
    Added:
    Oct 5, 2023
    Days on Market:
    960
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for Captain Thomas Blvd

    General Information

    Standard status
    Active
    Size
    8,300 SF
    Property subtype
    Retail

    Spaces For Lease

    at Captain Thomas Blvd Contact us

    We can help!

    Listing Contact
    Dominick Musilli

    Listing agent Dominick Musilli License #CT

    Listing office TRUE Commercial Real Estate LLC

    Listing date Oct 5, 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 TRUE Commercial Real Estate LLC

    HighLights

    • High visibility location on Captain Thomas.
    • Divisible 8,300 sf space.
    • Major renovation completed.
    • High traffic counts.
    • Approximately 200,000 residents within 5 miles.
    • Located on Captain Thomas.

    Overview

    This retail space, offering 8,300 square feet, is divisible. The property is located on Captain Thomas Boulevard, benefiting from high visibility and traffic counts. A major renovation has been completed. The surrounding area has approximately 200,000 residents within a 5-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9522653
    Latitude
    41.2579447

    Nearby Similar for Lease

    • $6,700/Mo
      14,000 SF

      Versatile Industrial Space in West Haven

      14,000 SF commercial space ideal for various business uses.
      135 Wood Street, West Haven, CT 06516
      View Details
    • $1,500/Mo
      1,300 SF

      West Haven Commercial Space

      1300 SF commercial space, convenient location, renovated bathroom.
      215 Tuthill Street, West Haven, CT 06516
      View Details
    • $13,770/Mo
      80,000 SF

      West Haven Retail/Storage Opportunity

      Versatile 8,100 SF unit in active commercial corridor.
      1055-1075 Boston Post Road, West Haven, CT 06516
      View Details
    • $8 SF/Yr
      12,075 SF

      West Haven Commercial Space Available

      Showroom and warehouse space suitable for various businesses.
      754 washington Avenue, West Haven, CT 06516
      View Details
    • $10 SF/Yr
      5,800 SF

      West Haven Commercial Space Available

      Open space in a well-maintained plaza, ideal for retail.
      221 Bull Hill Lane, West Haven, CT 06516
      View Details
    • $13,770/Mo
      8,100 SF

      West Haven Retail/Storage Opportunity

      Versatile 8,100 SF unit in active commercial corridor.
      1055-1075 Boston Post Rd F8+, West Haven, CT 06516
      View Details
    • $1,800/Mo
      6,409 SF

      Historic West Haven Office Space

      Unique office space in historic building on Boston Post Road.
      1004 Boston Post Road 1B, West Haven, CT 06516
      View Details
    • $13,770/Mo
      80,000 SF

      West Haven Retail/Storage Opportunity

      Versatile 8,100 SF unit in active commercial corridor.
      1055-1075 Boston Post Road #F8+, West Haven, CT 06516
      View Details
    • $4,400/Mo

      Customizable Flex Space Available

      Functional flex space with loading dock and drive-in doors.
      27 Kimberly Ave 2, West Haven, CT 06516
      View Details
    • $1,750/Mo
      516 SF

      Remodeled Commercial Space in West Haven

      Turn-key commercial space ideal for food takeout or retail.
      224 Campbell Avenue, West Haven, CT 06516
      View Details
    • $4,400/Mo
      5,688 SF

      Adaptable Flex Space Available

      Customizable flex space with loading dock and drive-in doors.
      27 Kimberly Avenue #2, West Haven, CT 06516
      View Details
    • $25 SF/Yr
      1,200 SF

      Restaurant Space on Boston Post

      Commercial space ideal for restaurant, coffee shop, or QSR.
      540 Boston Post Road, West Haven, CT 06461
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for rent with high visibility and traffic.
    Where is this retail space located?
    The property is located at Captain Thomas Blvd West Haven, CT.
    What are key features of this property?
    This property features: High visibility location on Captain Thomas.; Divisible 8,300 sf space.; Major renovation completed.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dominick Musilli
    Real Estate License ID: CT
    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

    Thank You for Inquiry
    Captain Thomas Blvd, West Haven, CT 06516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!