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    Dixwell Ave. & Skiff St. Ext Hamden, CT 06514
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    Dixwell Ave. & Skiff St. Ext, Hamden, CT 06514

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    • Retail properties & Spaces
    • 345,679 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Dixwell Ave. & Skiff St. Ext

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Hamden Mart, situated at the prominent intersection of Dixwell Avenue and Skiff Street Extension in Hamden, Connecticut (zip code 06514), presents a unique opportunity within New Haven County's thriving retail sector. This multi-tenant commercial property boasts a total of 345,679 square feet, offering exceptional flexibility for prospective tenants. Spaces range from a minimum of 620 square feet to a maximum contiguous area of 49,133 square feet, catering to a diverse range of business needs. Currently, there is 60,153 square feet of vacant space available for lease. The property's strategic location within a primary retail hub ensures high visibility and accessibility for businesses. Ample parking is provided with 1420 spaces available for customers and employees. The center already houses a variety of national, regional, and local businesses, creating a vibrant and established commercial environment. This is an ideal location for businesses seeking high foot traffic and a strong presence in a well-established retail center. The property is classified as Retail and Restaurant use.

    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
    -72.9183
    Latitude
    41.3735

    Comparable in this City

    • Value Estimation by Request
      235,600 SF

      2335 Dixwell Ave Rte

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      2335 Dixwell Ave Rte, Hamden, CT 06514
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    • Value Estimation
      $3,425,000
      90,613 SF

      1187 Dixwell Ave

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

      2101 Dixwell Ave

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

      293 Circular Ave

      DEPARTMENT STORE
      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
      View Details
    • Value Estimation by Request
      2,306 SF

      1440 Dixwell Ave

      DEPARTMENT STORE
      1440 Dixwell Ave, Hamden, CT 06514-4104
      View Details

    Similar Nearby for Sale

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      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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    • $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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    Similar Nearby for Lease

    • $3,000 /Mo
      2,300 SF

      Dixwell Avenue Restaurant Opportunity

      Restaurant space for lease on Dixwell Avenue in Hamden.
      1012 Dixwell Ave, Hamden, CT 06514
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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

      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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      764 SF

      Retail Space on Dixwell Avenue

      Retail space available on heavily traveled Dixwell Avenue.
      2460 Dixwell Ave, Hamden, CT 06514
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    • $25 SF/Yr
      3,000 SF

      Prime Retail Space in Hamden

      Retail space for lease on a busy commercial corridor.
      2415 Dixwell Ave, Hamden, CT 06514
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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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    Dixwell Ave. & Skiff St. Ext, Hamden, CT, 06514
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