Corner Retail Space with Storefront
New
For Sale
Contact for pricing
934 State St, New Haven, CT 06511
An open ground-floor layout supports a range of commercial configurations, including private offices or collaborative workspace.
Property Size588 SF
Price / SF$4.25
Days on Market6
Property Features for 934 State St
General Information
Standard status
Active
Size
588 SF
Site & Location
Neighborhood
Mill River
Corner Location
Yes
Additional Details
Floor
Ground
Amenities
large storefront windows
abundant natural light
flexible open floor plan
Building Details
Year Built
1900
Listing Agency:
KNG Realty LLC
Listed By:
Kenneth S. Ginsberg (203) 376-6266 (959) 225-5564
(959) 225-5564
Source:
Fairfieldcountycthomesearch
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 12:35PM
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 KNG Realty LLC
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Investment Insights
Based on property information with market context.
This 588-square-foot retail space occupies the ground floor and features an open layout that can be arranged for collaborative work or divided into private offices. Storefront windows bring natural light into the space. Built in 1900, the property sits at the corner of State Street and Bishop Street in New Haven’s East Rock neighborhood.
Key Highlights
- 588 SF of ground‑floor commercial space
- Corner location at State Street and Bishop Street
- Storefront windows and an open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,490
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,800
$169.8K
Cap Rate 7%
$121,286
$121.3K
Cap Rate 9%
$94,333
$94.3K
Market Conditions
NOI Build-Up for 588 SF
Gross rent
$12.7K $21.60/SF
− Vacancy
−$572 −$0.97/SF
EGI
$12.1K $20.63/SF
− OpEx
−$3.6K −$6.19/SF
NOI
$8.5K $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%
$169,800
Cap Rate 7%
$121,286
Cap Rate 9%
$94,333
Alternative Uses
Best Use
Retail
$121.3K
$106.1K – $141.5K
NOI $8,490 @ 7.0% cap · market cap 339.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.1K
$165.5K – $220.7K
NOI $13,240 @ 7.0% cap · market cap 529.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 27%
Home Improvements & Furnishings 11%
Sunoco
Shops & Services
9,514 visits/mo
0.1 miles
Shell
Shops & Services
8,956 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,232 visits/mo
0.1 miles
City Electric Supply
Home Improvements & Furnishings
1,243 visits/mo
0.4 miles
LL Flooring
Home Improvements & Furnishings
1,153 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Haven, CT
Frequently Asked Questions
What type of property is this?
Retail space - An open ground-floor layout supports a range of commercial configurations, including private offices or collaborative workspace.
Where is this retail space located?
The property is located at 934 State St New Haven, CT.
What are key features of this property?
This property features: 588 SF of ground‑floor commercial space; Corner location at State Street and Bishop Street; Storefront windows and an open floor plan
