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    1700 Dixwell Ave Hamden, CT 06514
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    1700 Dixwell Ave, Hamden, CT 06514

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    • Lifestyle centers
    • 10,987 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HallOFame Photo Studio & Loft / (Bike/Boat/Book/etc) Store / Photography Service
    • Barone Jr Michael R DC / Alternative Medicine Practice
    • Bea Bee Salon / Hair Salon / Nail Salon
    • Chris Bamgboye - State Farm Insurance Agent / Insurance Agency
    • Tyler Buys Houses & Buildings / Real Estate Agency

    Property Details for 1700 Dixwell Ave

    Year built
    1988
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a fully leased, three-building retail shopping center located at 1700 Dixwell Ave, Hamden, CT 06514. The property encompasses 10,987 square feet, divided into 14 individual rental units across three single-story buildings, all built in 1988 and renovated in 2020. Currently operating at 100% occupancy, this stabilized investment boasts a strong net operating income (NOI) of $191,395, translating to an attractive 9.57% capitalization rate. The property benefits from a prime location with high visibility, evidenced by a daily traffic count of 31,300 vehicles, and is situated across from Advance Auto and U-Haul, ensuring consistent foot traffic. Ample parking is available, further enhancing the appeal for both tenants and customers. A newly installed pylon sign increases visibility and brand recognition. The property is zoned T4 and features association-managed common areas, simplifying ownership and maintenance. The sale includes only the commercial condo units; upstairs residential units are excluded. This turnkey investment offers a stable income stream and significant potential for future growth in a thriving market. The asking price is $1,999,900, representing a price per square foot of $182.02. This is a rare opportunity to acquire a high-performing retail property with a proven track record of success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.927
    Latitude
    41.3587

    Comparable in this City

    • Value Estimation
      $3,425,000
      90,613 SF

      1187 Dixwell Ave

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      1187 Dixwell Ave, Hamden, CT 06514
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    • Value Estimation
      $970,000
      7,475 SF

      2101 Dixwell Ave

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      2101 Dixwell Ave, Hamden, CT 06514-2405
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    • Value Estimation by Request
      2,142 SF

      293 Circular Ave

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      293 Circular Ave, Hamden, CT 06514-4033
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    • Value Estimation
      $980,000
      7,424 SF

      975 Dixwell Ave

      DEPARTMENT STORE
      975 Dixwell Ave, Hamden, CT 06514-4913
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    • Value Estimation by Request
      2,306 SF

      1440 Dixwell Ave

      DEPARTMENT STORE
      1440 Dixwell Ave, Hamden, CT 06514-4104
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    • Value Estimation by Request
      2,706 SF

      2407 Dixwell Ave

      DEPARTMENT STORE
      2407 Dixwell Ave, Hamden, CT 06514-1808
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,987 SF

      Retail Space on Dixwell Avenue

      1,100 SF retail space for lease on Dixwell Avenue.
      1700 Dixwell Ave, Hamden, CT 06514
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    • $589,000
      3,096 SF

      Mixed-Use Investment Opportunity with Parking

      3-family mixed-use property with commercial space and ample parking.
      1428 Dixwell Ave, Hamden, CT 06514
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    • $3,500,000

      Dixwell Avenue Commercial Assemblage Opportunity

      2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.
      1635 Dixwell Ave, Hamden, CT 06514
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    • $449,900
      2,664 SF

      Mixed-Use Property with Apartments

      Mixed-use property featuring retail/office space, apartments, and parking.
      1422 Dixwell Ave, Hamden, CT 06514
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    • Contact for pricing
      10,332 SF

      Hamden Multifamily Investment Opportunity

      Turnkey multifamily property in Hamden, Connecticut, for sale.
      102-110 Cherry Ann St, Hamden, CT 06514
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    Similar Nearby for Lease

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      14,966 SF

      Retail Space in Hamden

      Retail property available for lease in Hamden, Connecticut.
      1191 Dixwell Ave, Hamden, CT 06514
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    • Contact for pricing
      2,400 SF

      Retail Space in Hamden Center

      Dominant shopping center in northern New Haven Metro market.
      2335 Dixwell Ave, Hamden, CT 06514
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    • Contact for pricing
      4,002 SF

      Retail Space in Hamden Center

      Dominant shopping center in northern New Haven Metro market.
      2331-2335 Dixwell Ave, Hamden, CT 06514
      View Details
    • Contact for pricing

      Retail Center with National Brands

      Retail center anchored by national and local brand tenants.
      1245 Dixwell Ave, Hamden, CT 06514
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    • Contact for pricing

      Retail Space in Hamden Marketplace

      Prime retail location with high traffic and loyal customer base.
      2335 Dixwell Ave Rte 10, Hamden, CT 06514
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    • $20 SF/Yr
      6,400 SF

      Professional Office Space Available

      Suburban office space suitable for financial institutions, available 2026.
      105 Sanford St, Hamden, CT 06514
      View Details
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    Hamden, CT 06514
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    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
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