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    1299 Dixwell Ave Hamden, CT 06514
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    Property profile & analytics

    1299 Dixwell Ave, Hamden, CT 06514

    View on Map
    • Showrooms
    • 162,922 SF
    • 11.18 lot acres
    Off-Market
    Last Sale Sep 13, 2024
    Property ID
    US15-0354582
    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.
    Value Estimations
    $6,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 1299 Dixwell Ave

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    11.18 lot acres
    Zone code
    T4T5
    Property type
    Showrooms
    APN
    HAMD M:2226 B:074 L:00-0000
    APU
    HAMDM2226B074L000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2024 — Hamden Equities De LLC Hamden Associates LLC Warranty Deed —
    Dec 28, 2007 $1 Hamden Associates Hamden Town Of Grant Deed —
    Dec 22, 2004 — Assoc Hamden — Deed Of Trust · related $1M · Sovereign Bank
    Apr 30, 1991 — B V Brooks — Deed Of Trust · related $8.5M · Connecticut National Bank
    Jun 22, 1988 $86,330 B V Brooks Boston & Maine Corp Grant Deed —
    Jan 12, 1987 $4,500,000 B V Brooks Warner Investing Co Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,562,000
      Market price range: $7.56M - $17.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9309
    Latitude
    41.3488
    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
    2024
    $149,546
    $1,491,980
    $1,197,210
    $2,689,190
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,910,000
      21,692 SF

      2560 Dixwell Ave

      SHOW ROOM, WAREHOUSE
      2560 Dixwell Ave, Hamden, CT 06514-1851
      View Details
    • Value Estimation by Request
      3,760 SF

      405 Treadwell St

      SHOW ROOM, WAREHOUSE
      405 Treadwell St, Hamden, CT 06514-4112
      View Details
    • Value Estimation by Request
      2,520 SF

      99 Circular Ave

      SHOW ROOM, WAREHOUSE
      99 Circular Ave, Hamden, CT 06514-4004
      View Details
    • Value Estimation by Request
      3,251 SF

      280 Circular Ave

      SHOW ROOM, WAREHOUSE
      280 Circular Ave, Hamden, CT 06514-4053
      View Details
    • Value Estimation by Request
      3,038 SF

      1729 Dixwell Ave

      SHOW ROOM, WAREHOUSE
      1729 Dixwell Ave, Hamden, CT 06514-3112
      View Details
    • Value Estimation
      $2,815,000
      10,720 SF

      2175 Dixwell Ave

      SHOW ROOM, WAREHOUSE
      2175 Dixwell Ave, Hamden, CT 06514-2405
      View Details

    Similar Nearby for Sale

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      Dixwell Avenue Commercial Assemblage Opportunity

      2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.
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    • Contact for pricing
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      Retail Space on Dixwell Avenue

      1,100 SF retail space for lease on Dixwell Avenue.
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    • $589,000
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      Mixed-Use Investment Opportunity with Parking

      3-family mixed-use property with commercial space and ample parking.
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      Spacious Hamden commercial property, ideal for users or developers.
      20 Gorham 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.
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    Similar Nearby for Lease

    • $25 SF/Yr
      3,000 SF

      Prime Retail Space Available

      Retail space for lease in a high-traffic Hamden location.
      2415 Dixwell Ave, Hamden, CT 06514
      View Details
    • 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
      View Details
    • 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
    • $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
      View Details

    Property Visit Statistics

    • Visits by month
      981
    • Visitors by month
      761
    • Avg Time on site
      21 min
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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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    1299 Dixwell Ave, Hamden, CT, 06514
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