Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    250 Sargent Dr New Haven, CT 06511
    Back to Search
    Property profile & analytics

    250 Sargent Dr, New Haven, CT 06511

    View on Map
    • Warehouses
    • 14,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America ATM (Drive-thru) / Atm
    • Bank of America (with Drive-thru services) / Bank / Loan Service
    • Vase Management/ VASE Construction / Construction Company

    Property Details for 250 Sargent Dr

    Year built
    1964
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 14,400-square-foot commercial property at 250 Sargent Drive in New Haven, Connecticut, presents a unique investment opportunity. Situated on a spacious 15.52-acre lot, this two-story building offers versatile space ideal for retail or industrial use. Built in 1964, the property boasts a 16-foot ceiling height, providing ample vertical space for various applications. Currently vacant, the entire 14,400 square feet is available for lease, with no minimum divisible space requirements. The property features one loading dock, making it suitable for efficient goods handling. The electrical service is robust, with 240-volt, 400-amp, 3-phase power. The zoning designation is BA/BE, allowing for a range of commercial uses. Located in New Haven County, Connecticut, with a zip code of 06511, this property offers convenient access to major transportation routes and a thriving local market. The building's history includes use as part of the Long Wharf Theatre, featuring open studios, offices, and rehearsal rooms, suggesting adaptable floor plans. The current asking price is $20.00 per square foot, NNN, unless converted to a strictly warehouse use. This property is an excellent choice for businesses seeking a large, flexible space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9207
    Latitude
    41.2939

    Comparable in this City

    • Value Estimation by Request
      65,200 SF

      210 Sargent Dr

      Refrigerated & Cold Storage
      210 Sargent Dr, New Haven, CT 06511
      View Details
    • Value Estimation by Request
      13,942 SF

      98 Olive St

      Restaurants
      98 Olive St, New Haven, CT 06511
      View Details
    • Value Estimation by Request
      3,817 SF

      1348 State St

      Office Units
      1348 State St, New Haven, CT 06511
      View Details
    • Value Estimation by Request
      0.10 Acres

      507 Ee St

      INDUSTRIAL (GENERAL)
      507 Ee St, New Haven, CT 06511
      View Details
    • Value Estimation by Request
      9,380 SF

      433 Chapel St

      INDUSTRIAL (GENERAL)
      433 Chapel St, New Haven, CT 06511-5830
      View Details
    • Value Estimation by Request
      9,000 SF

      358 Chapel St

      INDUSTRIAL (GENERAL)
      358 Chapel St, New Haven, CT 06511-5803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,458 SF

      High Bay Industrial Space Available

      14,300 SF industrial space with heavy power and parking.
      30 Gando Dr, New Haven, CT 06511
      View Details
    • Contact for pricing
      5,000 SF

      Chapel Street Mixed-Use Property

      Mixed-use property on Chapel Street, New Haven.
      1150 Chapel St, New Haven, CT 06511
      View Details
    • Contact for pricing
      1,920 SF

      Prime Location Restaurant/Retail Opportunity

      Restaurant/retail property in an irreplaceable location with flexible zoning.
      1226 Chapel St, New Haven, CT 06511
      View Details
    • $2,300,000
      15,230 SF

      Retail & Office Building Opportunity

      Well-maintained retail and office building in Wooster Square/Mill River.
      900 Grand Ave, New Haven, CT 06511
      View Details
    • $600,000
      8,400 SF

      Mixed-Use Property with Parking

      Mixed-use property with commercial space and residential units, parking lot.
      597-603 Winchester Ave, New Haven, CT 06511
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,875 SF

      Renovated Commercial Space in New Haven

      Recently renovated 1,875 SF commercial space with historic character.
      301 East St, New Haven, CT 06511
      View Details
    • Contact for pricing
      14,400 SF

      Adaptable Retail/Warehouse Space Available

      Versatile space suitable for retail, warehouse, or commercial uses.
      201-228 Food Terminal Plz, New Haven, CT 06511
      View Details
    • Contact for pricing

      Retail Space in New Haven

      Potential retail space suitable for various commercial uses.
      250 Sargent Dr, New Haven, CT 06511
      View Details
    • $1,095 /Mo

      Garage Space for Rent

      Garage space with overhead door available for lease.
      1399 State St #Garage, New Haven, CT 06511
      View Details
    • $10 SF/Yr
      46,458 SF

      Industrial Space with Heavy Power

      High bay industrial space featuring heavy power and outside storage.
      30 Gando Dr, New Haven, CT 06511
      View Details
    • $10 SF/Yr
      46,458 SF

      High Bay Industrial Space Available

      14,300 SF industrial space with heavy power and storage.
      30 Gando Dr, New Haven, CT 06511
      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 Sargent Dr
    New Haven, CT 06511
    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 Sargent Dr, New Haven, CT, 06511
    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!