Masonry Storefront
922 Grand, New Haven, CT 06511
For Sale
$769,000
An unfinished lower level matches the main floor in area, adding substantial space within the existing building.
Property Size4,500 SF
Price / SF$170.89
Days on Market69
Property Features for 922 Grand
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Construction
Listing Agency:
Dalvis Realty
(203) 278-6595
Listed By:
Dallas Davis · License #REB.0795689
(203) 872-2188
Source:
Ybrealty
Added: Aug 31
Changed: Nov 7
Last Checked: Nov 6 at 6:17PM
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 Dalvis Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1963 commercial building has 4,500 square feet above grade and a full 4,500-square-foot unfinished basement. Concrete, cinder block, and brick form the exterior, with a flat rubber roof and 12-foot wall heights. The property carries a modern STORE/SHOP (MDL-94) designation; other uses are subject to city approval.
Key Highlights
- 4,500‑square‑foot building with a full 4,500‑square‑foot basement
- Concrete, cinder block, and brick construction
- 12‑foot wall heights and a flat rubber roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,978
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,560
$1.3M
Cap Rate 7%
$928,257
$928.3K
Cap Rate 9%
$721,978
$722.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$97.2K $21.60/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$92.8K $20.63/SF
− OpEx
−$27.8K −$6.19/SF
NOI
$65.0K $14.44/SF
Area
New Haven, CT
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,560
Cap Rate 7%
$928,257
Cap Rate 9%
$721,978
Alternative Uses
Best Use
Retail
$928.3K
$812.2K – $1.08M
NOI $64,978 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,328 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 36%
Shops & Services 16%
Electronics 4%
Key Food
Groceries
30,760 visits/mo
0.2 miles
McDonald's
Dining
18,546 visits/mo
0.1 miles
Santander Bank
Shops & Services
6,950 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,913 visits/mo
0.1 miles
Citgo
Shops & Services
3,039 visits/mo
0.3 miles
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
Market
Properties on Market for Storefront properties in New Haven
Vacancy Rate% for Retail in New Haven, CT
Frequently Asked Questions
What type of property is this?
Storefront property - An unfinished lower level matches the main floor in area, adding substantial space within the existing building.
Where is this storefront property located?
The property is located at 922 Grand New Haven, CT.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 4,500‑square‑foot building with a full 4,500‑square‑foot basement; Concrete, cinder block, and brick construction; 12‑foot wall heights and a flat rubber roof
