Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Universal Dr N North Haven, CT 06473
    Back to Search
    Property profile & analytics

    200 Universal Dr N North Haven, CT 06473

    View on Map
    • Super regional malls
    • 125,680 SF
    • 10.70 lot acres
    For Lease
    $3,040,000
    View Listing →
    Retail Space For Lease For Lease
    $3,040,000

    Retail Space For Lease

    Retail space available for lease.

    200 Universal Dr N, North Haven, CT 6473
    View Listing
    Property ID
    US15-0593679
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut Express / Restaurant
    • Starbucks / Cafe & Coffee Shop
    • CVS Pharmacy / Pharmacy
    • Target Grocery / Grocery & Convenience Store / Food Market
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 200 Universal Dr N

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    10.70 lot acres
    Property size
    125,680 SF
    Zone code
    IL80
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    NRHV M:016 L:005
    APU
    NRHVM016L005

    Description

    This exceptional retail property, the North Haven Pavilion, located at 200 Universal Dr N, North Haven, CT 06473, offers a unique investment opportunity in New Haven County. The shopping center boasts a total of 273,452 square feet of retail space, with multiple tenancies currently available. Spaces range from a minimum of 3,000 square feet to a maximum contiguous space of 7,821 square feet, providing flexibility for a variety of businesses. Currently, there are 15,409 square feet of vacant space ready for immediate occupancy. The property features ample parking, with a ratio of 5.5 spaces per 1,000 square feet of building area, ensuring convenient access for customers and employees. Its prime location in North Haven, Connecticut offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong community presence. The property is classified as a retail shopping center, providing a vibrant and established commercial environment. This is a rare opportunity to secure prime retail space in a thriving Connecticut market. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,020,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8716
    Latitude
    41.3504
    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
    $301,686
    $4,663,410
    $4,576,590
    $9,240,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,114 SF

      250-380 Universal Dr

      Lifestyle centers • 10,114 SF
      250-380 Universal Dr, North Haven, CT 06473
      View Details
    • Value Estimation
      $5,780,000
      39,325 SF

      525 Washington Ave

      VEHICLE SALES, RENTALS • 39,325 SF
      525 Washington Ave, North Haven, CT 06473-1312
      View Details
    • Value Estimation by Request
      3,392 SF

      302 Maple Ave

      GAS STATION • 3,392 SF
      302 Maple Ave, North Haven, CT 06473-3326
      View Details
    • Value Estimation by Request
      1,856 SF

      55 Old Broadway E

      RETAIL STORES (PERSONAL SERVICES) • 1,856 SF
      55 Old Broadway E, North Haven, CT 06473-1606
      View Details
    • Value Estimation by Request
      2,830 SF

      80 Old Broadway W

      RESTAURANT • 2,830 SF
      80 Old Broadway W, North Haven, CT 06473-1602
      View Details
    • Value Estimation
      $665,000
      2,578 SF

      61 State St

      RESTAURANT • 2,578 SF
      61 State St, North Haven, CT 06473-2206
      View Details

    Similar Nearby for Sale

    • $2,199,000
      9,552 SF

      North Haven Retail and Motel

      Retail and motel on 1.38 acres near I-91.
      630 Washington Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Parking

      Retail property with high traffic and on-site parking.
      104 Washington Ave, North Haven, CT 06473
      View Details
    • $550,000
      2,052 SF

      High Visibility Building on Washington

      2052 sqft building with overhead doors and ample parking.
      157 Washington Ave, North Haven, CT 06473
      View Details
    • $1,995,000
      47,975 SF

      North Haven Commercial/Industrial Building

      47,000 SF mixed-use building on 6.8-acre lot.
      118 Quinnipiac Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      12,645 SF

      Retail Property in North Haven

      Retail property available for sale in North Haven, Connecticut.
      356 Washington Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      17,947 SF

      Versatile Retail/Medical/Restaurant Opportunity

      Retail, medical, or restaurant space with excellent visibility.
      66 State St, North Haven, CT 06473
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Busy Center

      Retail spaces available in high-traffic shopping center near I-91.
      100-130 Universal Dr N, North Haven, CT 06473
      View Details
    • Contact for pricing
      6,397 SF

      Retail Space in Thriving Market

      Retail space with high visibility and access to I-91.
      410-470 Universal Dr N, North Haven, CT 06473
      View Details
    • $3,125 /Mo
      3,000 SF

      Retail/Office Space in Retail Complex

      Commercial space in a high-traffic retail complex with ample parking.
      565 Washington Ave, North Haven, CT 06473
      View Details
    • Contact for pricing
      2,278 SF

      Retail Space in High-Traffic Plaza

      Retail spaces available in a high-volume shopping center.
      380 Universal Dr N, North Haven, CT 06473
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a shopping center with ample parking.
      111-411 Universal Dr N, North Haven, CT 06473
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      200 Universal Dr N, North Haven, CT 06473
      View Details
    View Listing
    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.
    200 Universal Dr N
    North Haven, CT 06473
    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
    200 Universal Dr N, North Haven, CT, 06473
    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!