Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    299 Washington Ave, Unit 21 Hamden, CT 06518-3026
    Back to Search
    Property profile & analytics

    299 Washington Ave, Unit 21, Hamden, CT 06518-3026

    View on Map
    • Office Spaces
    • 1,050 SF
    Off-Market
    Property ID
    US15-0880631
    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

    • Dr. Kirsten M. Baker, MD / Pediatrician / Medical Clinic
    • Patricia A. Ryan-Krause, RN / Physician
    • Cooley-Jacobs Janis D MD / Physician
    • Keanna Craig M MD / Physician
    • Dr. Jeffrey Cranford / Physician

    Property Details for 299 Washington Ave

    Year built
    1976
    Construction
    FRAME
    Zone code
    R4
    Property type
    Office Spaces
    APN
    HAMD M:2731 B:132 L:00-0023
    APU
    HAMDM2731B132L000023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2008 $50,000 Ave Properties Washington Fantarella Enterprises Warranty Deed —
    Aug 3, 2006 $60,000 Fantarella Enterprises Jfdf LLC Warranty Deed —
    Dec 30, 2003 $65,000 Jfdf LLC Moller,douglas J Warranty Deed $65k · Hudson United Bank
    Oct 19, 1993 — Douglas J Muller — Deed Of Trust · related $150k · Lafayette Bank & Trust
    Oct 26, 1990 $110,000 Douglas J Muller Mcneish,jack R Grant Deed $110k · Zenon Grzybowski
    Sep 24, 1987 $103,000 Jack R Mcneish Evergreen Assoc Grant Deed —

    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
    -72.8968
    Latitude
    41.3912
    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
    $3,252
    $0.00
    $57,680
    $57,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      456 SF

      299 Washington Ave, Unit 13

      CONDOMINIUM OFFICES
      299 Washington Ave, Hamden, CT 06518-3026
      View Details
    • Value Estimation by Request
      991 SF

      295 Washington Ave Ste, Unit 2

      CONDOMINIUM OFFICES
      295 Washington Ave Ste, Hamden, CT 06518-3025
      View Details
    • Value Estimation by Request
      1,870 SF

      2830 Whitney Ave Ste 2l

      CONDOMINIUM OFFICES
      2830 Whitney Ave Ste 2l, Hamden, CT 06518-2561
      View Details
    • Value Estimation by Request
      2,542 SF

      60 Washington Ave Ste, Unit 105

      CONDOMINIUM OFFICES
      60 Washington Ave Ste, Hamden, CT 06518-3272
      View Details
    • Value Estimation by Request
      10,528 SF

      2558 Whitney Ave

      Office Spaces
      2558 Whitney Ave, Hamden, CT 06518
      View Details
    • Value Estimation by Request
      959 SF

      3208 Whitney Ave Ste 1b

      CONDOMINIUM OFFICES
      3208 Whitney Ave Ste 1b, Hamden, CT 06518-2158
      View Details

    Similar Nearby for Sale

    • $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

      Prime Hamden Corner Location

      Two-story commercial building in high-traffic area near town hall.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $2,995,000
      25,843 SF

      Hamden Office Building For Sale

      25,000 SF office building on 1.75-acre lot.
      2428 Whitney Ave, Hamden, CT 06518
      View Details
    • $99,999
      1,427 SF

      Professional Office Condominium For Sale

      Professional office condominium in excellent location near universities and highways.
      3208 Whitney Ave, Hamden, CT 06518
      View Details
    • $315,000

      Hamden Office Condo For Sale

      3,536 SF office condo with natural light and parking.
      60 Washington Ave, Hamden, CT 06518
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,800 SF

      Hamden Office Space: Prime Location

      Downtown Hamden office, high visibility, ample parking.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,000 /Mo
      750 SF

      Office Space Available For Rent

      750 sqft office space for rent in Hamden, CT.
      2586 Whitney Ave, Hamden, CT 06518
      View Details
    • $12 SF/Yr
      2,500 SF

      Prime Office and Retail Space

      2,500 SF office/retail space in Hamden, CT for lease.
      4137 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.
    299 Washington Ave, Unit 21
    Hamden, CT 06518-3026
    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
    299 Washington 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!