Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2398 Whitney Ave Hamden, CT 06518
    Back to Search
    Property profile & analytics

    2398 Whitney Ave, Hamden, CT 06518

    View on Map
    • Turn key restaurants
    • 4,161 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US15-1178373
    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

    • Turn key restaurants

    Property Details for 2398 Whitney Ave

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Zone code
    T5
    Property type
    Turn key restaurants
    APN
    HAMD M:2730 B:031 L:00-0000
    APU
    HAMDM2730B031L000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 4, 2023 — 2402 Whitney Ave Assoc — Deed · related $4.3M · Webster Bank
    Nov 16, 2004 $350,000 2402 Whitney Ave Assoc Bimonte Joseph Est Grant Deed —
    Aug 18, 2003 $285,000 United Business P Sharing Bimonte Joseph S Est Warranty Deed —
    May 4, 2001 — Matthew Giglietti — Deed Of Trust · related $190k · United Bus Prft Shari
    Mar 4, 1994 — Joseph S Bimonte — Deed Of Trust · related $170k · Great Country Bank
    Aug 5, 1987 — Joseph S Bimonte — Deed Of Trust · related $160k · American National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9018
    Latitude
    41.3847
    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
    $21,840
    $138,950
    $248,430
    $387,380
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,530,000
      10,724 SF

      2392 Whitney Ave

      RESTAURANT
      2392 Whitney Ave, Hamden, CT 06518-3207
      View Details
    • Value Estimation by Request
      3,833 SF

      3307 Whitney Ave

      RESTAURANT
      3307 Whitney Ave, Hamden, CT 06518-1923
      View Details
    • Value Estimation by Request
      2,494 SF

      2345 Whitney Ave

      RESTAURANT
      2345 Whitney Ave, Hamden, CT 06518-3539
      View Details
    • Value Estimation by Request
      5,378 SF

      2538 Whitney Ave

      RESTAURANT
      2538 Whitney Ave, Hamden, CT 06518-3032
      View Details
    • Value Estimation
      $750,000
      9,846 SF

      2630 Whitney Ave

      RESTAURANT
      2630 Whitney Ave, Hamden, CT 06518-2917
      View Details
    • Value Estimation by Request
      2,154 SF

      2574 Whitney Ave

      RESTAURANT
      2574 Whitney Ave, Hamden, CT 06518-3032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Profitable Deli For Sale

      Fully equipped deli with high traffic and rising profits.
      Withheld, Hamden, CT 06518
      View Details
    • $45,000

      Established Nail Salon in Hamden

      Turnkey nail salon business opportunity in downtown Hamden.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,359,000

      Commercial Space on Whitney Avenue

      Commercial space on a heavily traveled corridor with high visibility.
      3127 Whitney Ave, New Haven, CT 06518
      View Details
    • $1,400,000
      11,520 SF

      Hamden Commercial Building For Sale

      Two-story commercial building with development potential in high-traffic area.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,890,000
      11,800 SF

      Hamden Commercial Property For Sale

      Two-story, 11,800 SF commercial building in Hamden, CT for sale.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,890,000
      11,800 SF

      Prime Hamden Corner Location

      Two-story commercial building in high-traffic area near town hall.
      2348 Whitney Ave, Hamden, CT 06518
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,200 SF

      Prime Hamden Office/Retail Space

      3200 SF office/retail space in high-traffic Hamden location.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • Contact for pricing
      978 SF

      Renovated Office or Retail Space

      Newly renovated office or retail space with modern amenities.
      3000 Dixwell Ave, Hamden, CT 06518
      View Details
    • $16 SF/Yr
      2,560 SF

      Prime Hamden Commercial Space Available

      High-traffic Hamden location, ideal for office or retail use.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $14 SF/Yr
      2,000 SF

      Prime Office and Retail Space

      2,000 SF office/retail space in Hamden, CT for lease.
      4137 Whitney Ave, Hamden, CT 06518
      View Details
    • $700 /Mo
      325 SF

      Hamden Commercial Space For Lease

      Prime office/retail space in high-traffic Hamden location.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $22 SF/Yr
      1,985 SF

      Retail Space in Hamden Center

      1,985 SF retail space for lease in Hamden, Connecticut.
      2313 Whitney Ave, Hamden, CT 06518
      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.
    2398 Whitney Ave
    Hamden, CT 06518
    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
    2398 Whitney Ave, Hamden, CT, 06518
    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!