Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2895 State St Hamden, CT 06517-1716
    Back to Search
    Property profile & analytics

    2895 State St, Hamden, CT 06517-1716

    View on Map
    • Industrial properties
    • 24.67 lot acres
    Off-Market
    Last Sale Dec 27, 2023
    Property ID
    US15-0236943
    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

    • Modern Materials Corporation / Garden Center / Hardware & Home Improvement

    Property Details for 2895 State St

    Lot size
    24.67 lot acres
    Zone code
    T4
    Property type
    Industrial properties
    APN
    HAMD M:2432 B:021 L:00-0000
    APU
    HAMDM2432B021L000000

    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
    -72.8849
    Latitude
    41.3591
    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
    $44,817
    $451,220
    $354,690
    $805,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,105,000
      15,450 SF

      9 Hamden Park Dr

      INDUSTRIAL (GENERAL)
      9 Hamden Park Dr, Hamden, CT 06517-3151
      View Details
    • Value Estimation by Request
      3.03 Acres

      2755 State St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      2755 State St, Hamden, CT 06517-2236
      View Details
    • Value Estimation by Request
      4,830 SF

      131 Leeder Hl Dr Ste, Unit 8

      CONDOMINIUMS (INDUSTRIAL)
      131 Leeder Hl Dr Ste, Hamden, CT 06517-2747
      View Details
    • Value Estimation
      $505,000
      14,720 SF

      131 Leeder Hl Dr Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL)
      131 Leeder Hl Dr Ste, Hamden, CT 06517-2747
      View Details
    • Value Estimation by Request
      4,436 SF

      131 Leeder Hl Dr Ste, Unit 2

      CONDOMINIUMS (INDUSTRIAL)
      131 Leeder Hl Dr Ste, Hamden, CT 06517-2747
      View Details
    • Value Estimation by Request
      2.40 Acres

      285 Welton St

      INDUSTRIAL (GENERAL)
      285 Welton St, Hamden, CT 06517-3934
      View Details

    Similar Nearby for Sale

    • $2,300,000
      76,727 SF

      Hamden Industrial Property For Sale

      76,727 sqft industrial property available in Hamden, CT.
      333 Welton St, Hamden, CT 06517
      View Details
    • $1,150,000
      10,200 SF

      Industrial Flex Property For Sale

      10,200 SF industrial flex property in Hamden, Connecticut.
      131 Leeder Hill Dr, Hamden, CT 06517
      View Details
    • $1,300,000
      12,675 SF

      Hamden Flex Space For Sale

      Flex space ideal for warehousing, manufacturing, or service-oriented business.
      110 Webb St, Hamden, CT 06517
      View Details
    • Contact for pricing
      21,358 SF

      Industrial Building with Lease in Place

      21,358 SF industrial building, fully leased, with ample parking.
      266 Morse St, Hamden, CT 06517
      View Details
    • $1,299,000
      19,180 SF

      State Street Commercial Redevelopment Opportunity

      Three buildings on 2.22 acres with redevelopment potential.
      2488-2490 State St, Hamden, CT 06517
      View Details
    • New
      $499,000
      5,082 SF

      Industrial Flex Property in Hamden

      5,082 SF industrial flex space for sale in Hamden.
      131 Leeder Hill Dr, Hamden, CT 06517
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      27,868 SF

      Industrial Condominium Portfolio For Sale

      Five-unit industrial condominium portfolio with office space and loading docks.
      131 Leeder Hill Dr, Hamden, CT 06517
      View Details
    • $7 SF/Yr
      12,675 SF

      Industrial Space with Flexible Zoning

      Industrial space ideal for warehousing, distribution, or manufacturing.
      110 Webb St, Hamden, CT 06517
      View Details
    • Contact for pricing

      Versatile Commercial Building on State

      Standalone building with garage, workshop, office potential, and parking.
      2816 State 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.
    2895 State St
    Hamden, CT 06517-1716
    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
    2895 State St, Hamden, CT, 06517
    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!