Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 Elm Street Ext North Haven, CT 06473
    Back to Search
    Property profile & analytics

    222 Elm Street Ext, North Haven, CT 06473

    View on Map
    • Warehouses
    • 2,025 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 222 Elm Street Ext

    Year built
    1987
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 2,025-square-foot single-tenant property at 222 Elm Street, Unit 4, in North Haven, Connecticut, presents a unique opportunity for businesses seeking versatile space. Located in New Haven County, this 1987-built building offers a blend of office and industrial functionality, ideal for executive offices, manufacturing, or warehouse operations. The property boasts a spacious layout with a 16-foot ceiling height, providing ample vertical space for storage or specialized equipment. The zoning is designated IL80. Ample parking is available on-site, ensuring convenient access for employees and clients. The property features 150 amps of 3-phase power, suitable for various industrial applications. The entire 2,025 square feet is currently vacant and ready for immediate occupancy. The property's address is 222 Elm Street, Unit 4, North Haven, CT 06473. This single-story building offers a practical and efficient workspace, perfectly situated in a convenient location. The property is available for lease and represents an excellent opportunity for a business seeking a functional and well-equipped space in a desirable location. Interested parties should inquire for further details and leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8647
    Latitude
    41.3762

    Comparable in this City

    • Value Estimation
      $555,000
      16,150 SF

      41 Stiles Ln

      WAREHOUSE, STORAGE
      41 Stiles Ln, North Haven, CT 06473-2133
      View Details
    • Value Estimation by Request
      13,076 SF

      10 Bernhard Rd

      WAREHOUSE, STORAGE
      10 Bernhard Rd, North Haven, CT 06473-3905
      View Details
    • Value Estimation by Request
      16,864 SF

      85 Defco Park Rd

      WAREHOUSE, STORAGE
      85 Defco Park Rd, North Haven, CT 06473-1129
      View Details
    • Value Estimation by Request
      10,650 SF

      326 Old Maple Ave

      WAREHOUSE, STORAGE
      326 Old Maple Ave, North Haven, CT 06473-3248
      View Details
    • Value Estimation by Request
      9,502 SF

      80 Republic Dr

      WAREHOUSE, STORAGE
      80 Republic Dr, North Haven, CT 06473-3101
      View Details
    • Value Estimation by Request
      4,320 SF

      125 Washington Ave

      WAREHOUSE, STORAGE
      125 Washington Ave, North Haven, CT 06473
      View Details

    Similar Nearby for Sale

    • $1,995,000
      47,975 SF

      North Haven Commercial/Industrial Building

      47,000 SF mixed-use building on 6.8-acre lot.
      118 Quinnipiac Ave, North Haven, CT 06473
      View Details
    • $550,000
      2,052 SF

      High Visibility Building on Washington

      2052 sqft building with overhead doors and ample parking.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      29,868 SF industrial property on 2.0 acres for sale.
      59 Old Broadway East, North Haven, CT 06473
      View Details
    • $1,325,000

      North Haven Industrial Investment Opportunity

      Industrial property in North Haven, CT, near major highways.
      59 Old Broadway E, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      Industrial property in North Haven, CT, totaling approximately 29,868 SF.
      59 Old Broadway East, North Haven, CT 06473
      View Details
    • $1,325,000
      29,868 SF

      North Haven Industrial Investment Opportunity

      29,868 SF industrial property on 2 acres for sale.
      59 Old Broadway E, North Haven, CT 06473
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in North Haven

      31,000 SF industrial space for lease in North Haven.
      1 Corporate Dr, North Haven, CT 06473
      View Details
    • Contact for pricing
      12,759 SF

      North Haven Industrial Units Available

      Industrial units available for lease with highway visibility.
      222 Universal Dr, North Haven, CT 06473
      View Details
    • $8 SF/Yr
      32,000 SF

      North Haven Industrial Space Available

      Industrial units for lease with highway access and ample parking.
      110 Republic Dr, North Haven, CT 06473
      View Details
    • Contact for pricing

      Industrial Warehouse with Outdoor Storage

      15,000 SF warehouse with 2 acres for storage.
      100 Mcdermott Rd, North Haven, CT 06473
      View Details
    • Contact for pricing
      31,000 SF

      Industrial Warehouse Space Available

      31,000 SF industrial space for lease with highway access.
      1 Corporate Dr, North Haven, CT 06473
      View Details
    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.
    222 Elm Street Ext
    North Haven, CT 06473
    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
    222 Elm Street Ext, North Haven, CT, 06473
    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!