Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    250-380 Universal Dr North Haven, CT 06473
    Back to Search
    Property profile & analytics

    250-380 Universal Dr, North Haven, CT 06473

    View on Map
    • Lifestyle centers
    • 10,114 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 250-380 Universal Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    North Haven Commons, located at 250-380 Universal Drive N in North Haven, Connecticut (zip code 06473), offers exceptional medical office space for lease. This 10,114 square foot property, classified as both retail and office, is currently fully vacant and presents a unique opportunity for immediate occupancy. The building is categorized as a shopping center and features multiple tenancies, allowing for flexibility in space requirements. Individual suites range from a minimum of 2,278 square feet to a maximum contiguous space of 4,368 square feet, with a total of four spaces available. The property is situated in New Haven County and provides convenient access for patients and staff. The address is easily accessible via Universal Drive N. This versatile property is ideal for a variety of medical practices seeking a prominent location in a thriving Connecticut community. The entire 10,114 square feet is available for lease, providing ample space for a larger practice or the potential for multiple tenants. Interested parties should inquire about lease terms and availability. The property's location in North Haven offers excellent visibility and accessibility.

    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
    -72.873
    Latitude
    41.3545

    Comparable in this City

    • Value Estimation
      $2,960,000
      46,196 SF

      8 Devine St

      MEDICAL BUILDING
      8 Devine St, North Haven, CT 06473-2172
      View Details
    • Value Estimation by Request
      4,346 SF

      1 Saint John St

      MEDICAL BUILDING
      1 Saint John St, North Haven, CT 06473-2336
      View Details
    • Value Estimation
      $1,505,000
      11,273 SF

      12 Vlg St

      MEDICAL BUILDING
      12 Vlg St, North Haven, CT 06473-3817
      View Details
    • Value Estimation by Request
      2,543 SF

      14 Peck St

      MEDICAL BUILDING
      14 Peck St, North Haven, CT 06473-2307
      View Details
    • Value Estimation
      $630,000
      9,784 SF

      451 State St

      MEDICAL BUILDING
      451 State St, North Haven, CT 06473-3070
      View Details
    • Value Estimation
      $950,000
      11,900 SF

      52 Washington Ave

      MEDICAL BUILDING
      52 Washington Ave, North Haven, CT 06473-1724
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,947 SF

      Versatile Retail/Medical/Restaurant Opportunity

      Retail, medical, or restaurant space with excellent visibility.
      66 State St, North Haven, CT 06473
      View Details
    • New
      Contact for pricing
      1,000 SF

      Garden Level Yoga Studio Suite

      Garden level commercial suite with abundant natural light, a private bathroom, and walk-out rear entrance for wellness or office use.
      100 Broadway, North Haven, CT 06473
      View Details
    • Contact for pricing
      12,645 SF

      Retail Property in North Haven

      Retail property available for sale in North Haven, Connecticut.
      356 Washington Ave, North Haven, CT 06473
      View Details
    • $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
    • Contact for pricing
      15,712 SF

      North Haven Office Building For Sale

      Two-story office building with ample parking and easy highway access.
      556 Washington Ave, North Haven, CT 06473
      View Details
    • $697,531
      2,691 SF

      North Haven Multifamily with Office

      Two-family property with separate building, ideal for live/work.
      31 Quinnipiac Ave, North Haven, CT 06473
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      North Haven Office Suites Available

      Office suites for lease in North Haven's business district.
      97 Washington Ave, North Haven, CT 06473
      View Details
    • New
      $1,600 /Mo
      1,000 SF

      Garden Level Wellness Studio Space

      Move-in ready garden level suite with natural light, private bathroom, and a walk-out rear entrance.
      100 Broadway, North Haven, CT 06473
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Busy Center

      Retail spaces available in high-traffic shopping center near I-91.
      100-130 Universal Dr N, North Haven, CT 06473
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a shopping center with ample parking.
      111-411 Universal Dr N, North Haven, CT 06473
      View Details
    • Contact for pricing

      Former QSR Sublease Opportunity

      Former QSR space available for sublease.
      160 Universal Dr North, North Haven, CT 06473
      View Details
    • Contact for pricing
      6,397 SF

      Retail Space in Thriving Market

      Retail space with high visibility and access to I-91.
      410-470 Universal Dr N, 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.
    250-380 Universal Dr
    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
    250-380 Universal Dr, 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!