Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1952 Whitney Ave Hamden, CT 06517-1209

    • Office buildings
    • 53,964 SF
    • 3.31 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2023
    $8,900,000
    Value Estimations
    $8,810,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence
    Property ID
    US15-0459188
    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

    • Doernberger Edwin L / Attorney
    • Jordan David G / Attorney
    • Vita Jeffrey J / Attorney
    • Dean Kevin P / Attorney
    • Bromfield Alicia R / Attorney

    Property Details for 1952 Whitney Ave

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    3.31 lot acres
    Property size
    53,964 SF
    Zone code
    T4
    Property type
    Office buildings
    APN
    HAMD M:2529 B:001 L:00-0000
    APU
    HAMDM2529B001L000000

    Description

    This exceptional medical office building, located at 1952 Whitney Ave in Hamden, Connecticut, offers a variety of leasing opportunities. The 55,524 square foot, four-story Class B building, constructed in 1977, features multiple suites with a minimum divisible space of 902 square feet and a maximum contiguous space of 4,628 square feet. Currently, 12,942 square feet of space is available for lease. The property sits on 3.31 acres of land and boasts 224 parking spaces, two elevators, and a convenient covered canopy for patient drop-off and pick-up. Its prime location on Whitney Avenue provides excellent visibility and frontage, along with easy access to major highways. The building is zoned T4 and is situated in New Haven County, with a zip code of 06517. This well-maintained property presents a fantastic opportunity for medical practices seeking modern, functional, and conveniently located office space. The building's amenities and location make it an ideal setting for a variety of medical specialties. Interested parties should inquire about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,840,000
      ML approach
      $8,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,566,000
      Market price range: $3.96M - $7.46M
      AI Estimate
      $10,892,000
      Market price range: $4.36M - $12.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,825,000
      Current use
      RESTAURANT
      $7,890,000
      Change: +35% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,655,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,815,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $5,735,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9077
    Latitude
    41.3698
    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
    $237,183
    $646,030
    $3,560,830
    $4,206,860
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,873 SF

      1844 Whitney Ave

      OFFICE BUILDING • 3,873 SF
      1844 Whitney Ave, Hamden, CT 06517-1400
      View Details
    • Value Estimation
      $650,000
      7,176 SF

      4 Industrial Cir

      OFFICE BUILDING • 7,176 SF
      4 Industrial Cir, Hamden, CT 06517-3152
      View Details
    • Value Estimation by Request
      4,362 SF

      1840 State St

      OFFICE BUILDING • 4,362 SF
      1840 State St, Hamden, CT 06517-3815
      View Details
    • Value Estimation by Request
      1,978 SF

      1340 Whitney Ave, Unit B

      OFFICE BUILDING • 1,978 SF
      1340 Whitney Ave, Hamden, CT 06517-2445
      View Details
    • Value Estimation by Request
      1,009 SF

      1174 Whitney Ave

      OFFICE BUILDING • 1,009 SF
      1174 Whitney Ave, Hamden, CT 06517-3432
      View Details
    • Value Estimation
      $620,000
      3,942 SF

      2040 Whitney Ave

      OFFICE BUILDING • 3,942 SF
      2040 Whitney Ave, Hamden, CT 06517-1025
      View Details

    Similar Nearby for Sale

    • $625,000
      1.60 Acres

      Hamden Commercial Land Opportunity

      Two contiguous parcels totaling 1.6 acres in Hamden, CT.
      2022 Whitney Ave, Hamden, CT 06517
      View Details
    • $437,500

      Armory Street Specialty Property

      Specialty property available for sale on Armory Street.
      19 Armory St, Hamden, CT 06517
      View Details
    • $1,299,000
      19,180 SF

      Hamden Commercial Property For Sale

      Three buildings on 2.22 acres with redevelopment potential.
      2488-2490 State St, Hamden, CT 06517
      View Details
    • $7,300,000
      116,269 SF

      Industrial Building on 6.3 Acres

      116,269 SF industrial building, fully occupied, 9% cap rate.
      75 Leeder Hill Dr, Hamden, CT 06517
      View Details
    • $750,000

      Hamden Specialty Property For Sale

      Specialty property available for purchase in Hamden, Connecticut.
      43 Mulberry Hl, Hamden, CT 06517
      View Details
    • $460,000

      Hamden Four-Family Investment Property

      Fully rented four-family in high-demand Hamden location.
      245 Goodrich St, Hamden, CT 06517
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      81,964 SF

      State Street Hamden Office/Industrial

      Versatile Hamden space, ideal for various uses.
      2662 State St, Hamden, CT 06517
      View Details
    • $10,000 /Mo
      5,187 SF

      Renovated Flex Space in Hamden

      5,187 SF renovated flex space with ample parking.
      2259 State St, Hamden, CT 06517
      View Details
    • $17 SF/Yr
      2,400 SF

      Hamden Office Space Available

      2400 square feet of office space for rent.
      1242 Whitney Ave, Hamden, CT 06517
      View Details
    • $22 SF/Yr

      Spring Glen Retail/Office Space

      Retail or office space in Hamden's Spring Glen neighborhood.
      1647 Whitney Ave, Hamden, CT 06517
      View Details
    • $26 SF/Yr
      3,831 SF

      Retail Space on Whitney Avenue

      Retail space available for lease on Whitney Avenue.
      1697 Whitney Ave, Hamden, CT 06517
      View Details
    • $1,900 /Mo

      Updated Townhouse with Modern Amenities

      Two-bedroom townhouse with updated kitchen, parking, and surveillance.
      649 Newhall St, Hamden, CT 06517
      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.
    1952 Whitney Ave
    Hamden, CT 06517-1209
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.