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    Property profile & analytics

    1 Evergreen Ave Hamden, CT 06518-2717

    • Office buildings
    • 17,091 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0679909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mendillo & Dziedzic / Accounting Firm / Tax Preparation
    • David J Kurzawa Law Offices / Law Firm
    • James E Swaine Law Offices / Law Firm
    • Daniel C Ioime Law Offices / Law Firm
    • CJC Electric, LLC / Electrical Service / General Contractor

    Property Details for 1 Evergreen Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.45 lot acres
    Property size
    17,091 SF
    Zone code
    T4
    Property type
    Office buildings
    APN
    HAMD M:2729 B:136 L:00-0000
    APU
    HAMDM2729B136L000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,253,000
      Market price range: $1.25M - $2.36M
      AI Estimate
      $1,324,000
      Market price range: $1.32M - $4.24M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,550,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9071
    Latitude
    41.3836
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,573
    $284,690
    $275,310
    $560,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $690,000
      4,527 SF

      2620 Whitney Ave

      OFFICE BUILDING • 4,527 SF
      2620 Whitney Ave, Hamden, CT 06518-3033
      View Details
    • Value Estimation by Request
      2,218 SF

      2612 Whitney Ave

      OFFICE BUILDING • 2,218 SF
      2612 Whitney Ave, Hamden, CT 06518-3033
      View Details
    • Value Estimation by Request
      1,896 SF

      2464 Whitney Ave

      OFFICE BUILDING • 1,896 SF
      2464 Whitney Ave, Hamden, CT 06518-3233
      View Details
    • Value Estimation
      $585,000
      3,578 SF

      2679 Whitney Ave

      OFFICE BUILDING • 3,578 SF
      2679 Whitney Ave, Hamden, CT 06518-2918
      View Details
    • Value Estimation by Request
      2,547 SF

      2725 Whitney Ave

      OFFICE BUILDING • 2,547 SF
      2725 Whitney Ave, Hamden, CT 06518-2501
      View Details
    • Value Estimation by Request
      1,458 SF

      2731 Whitney Ave

      OFFICE BUILDING • 1,458 SF
      2731 Whitney Ave, Hamden, CT 06518-2501
      View Details

    Similar Nearby for Sale

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      25,843 SF

      Hamden Office Building For Sale

      25,000 SF office building on 1.75-acre lot.
      2428 Whitney Ave, Hamden, CT 06518
      View Details
    • $210,000
      2,427 SF

      Hamden Office Condominium For Sale

      Immaculate 2,427 SF office condo with ample parking.
      60 Washington Ave Unit, Hamden, CT 06518
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    • $99,999
      1,427 SF

      Professional Office Condominium For Sale

      Professional office condominium in excellent location near universities and highways.
      3208 Whitney Ave, Hamden, CT 06518
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    • $1,700,000
      11,256 SF

      Hamden Office Building - $1.7M

      Prime Hamden Office & Retail Space
      3127-3129 Whitney Ave, Hamden, CT 06518
      View Details
    • $315,000
      3,536 SF

      Hamden Office Condominium For Sale

      3,536 SF office condo with efficient layout and ample parking.
      60 Washington Ave, Hamden, CT 06518
      View Details
    • $99,999
      1,427 SF

      Professional Office Condominium For Sale

      Two contiguous office condos, ideal for professional use.
      3208 Whitney Ave Unit, Hamden, CT 06518
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      12,375 SF

      Class A Office Space Available

      Class A office building with covered parking and amenities.
      2319 Whitney Ave, Hamden, CT 06518
      View Details
    • $7 SF/Yr
      5,603 SF

      Hamden, CT Office Space Available

      Flexible workspace solutions in Hamden, CT.
      2321 Whitney Ave, Hamden, CT 06518
      View Details
    • Contact for pricing
      11,800 SF

      Hamden Office Space: Prime Location

      Downtown Hamden office, high visibility, ample parking.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,300 /Mo
      978 SF

      Renovated Office or Retail Space

      Newly renovated office or retail space with modern amenities.
      3000 Dixwell Ave, Hamden, CT 06518
      View Details
    • $18 SF/Yr
      3,163 SF

      Hamden Office Space For Rent

      3163 SQ FT office space in the heart of Hamden.
      2440 Whitney Ave, Hamden, CT 06518
      View Details
    • Contact for pricing
      2,500 SF

      Office Space Available For Rent

      Office space available for rent, offering 2500 square feet.
      2751 Dixwell Ave, Hamden, CT 06518
      View Details
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    1 Evergreen Ave
    Hamden, CT 06518-2717
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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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