Healthcare Facility with Development
For Sale
Contact for pricing
181 Clifton St, New Haven, CT 06513
Existing healthcare facility with redevelopment or continued use options.
Property Size34,382 SF
Price / SF$290.85
Days on Market1256
Property Features for 181 Clifton St
General Information
Standard status
Active
Size
34,382 SF
Property subtype
Senior Living
Zoning
RS2
Building Details
Year Built
1958
Stories
3
Listing Agency:
KNG REALTY, LLC
Listed By:
Ken Ginsberg · License #CT REB.0261354
Source:
Crexi
Added: May 12, 2023
Changed: Oct 8
Last Checked: Oct 16 at 9:10AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 34,382-square-foot property is currently operating as a business slated for relocation to a newly constructed facility. The current owners are open to a sale-leaseback arrangement until their new facility is completed, offering the buyer flexibility in timing for use or development. The property is suitable for a nonprofit rehabilitation center or adult care facility. The existing healthcare-accessible medical facility presents various options for potential use. The property is located in New Haven, CT.
Key Highlights
- Sale‑leaseback opportunity allows for immediate income generation.
- Significant cost savings compared to building new.
- Healthcare accessible medical facility with many potential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$538,516
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,770,320
$10.8M
Cap Rate 7%
$7,693,086
$7.7M
Cap Rate 9%
$5,983,511
$6.0M
Market Conditions
NOI Build-Up for 34,382 SF
Gross rent
$1.04M $30.36/SF
− Vacancy
−$64.7K −$1.88/SF
EGI
$979.1K $28.48/SF
− OpEx
−$440.6K −$12.81/SF
NOI
$538.5K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,770,320
Cap Rate 7%
$7,693,086
Cap Rate 9%
$5,983,511
Alternative Uses
Best Use
Apartment 5plus
$7.69M
$6.73M – $8.98M
NOI $538,516 @ 7.0% cap · market cap 5.39%
Second Best
Healthcare Medical
$7.52M
$6.58M – $8.78M
NOI $526,663 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$11.06M
$9.68M – $12.90M
NOI $774,189 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Existing healthcare facility with redevelopment or continued use options.
Where is this rehabilitation center located?
The property is located at 181 Clifton St New Haven, CT.
What is the asking price?
The asking price for this property is $9,999,999.
What are key features of this property?
This property features: Sale‑leaseback opportunity allows for immediate income generation.; Significant cost savings compared to building new.; Healthcare accessible medical facility with many potential uses.
