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    Property profile & analytics

    4130 Whitney Ave Hamden, CT 06518

    • Office buildings
    • 5,114 SF
    • 1.83 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Aug 02, 2023
    $750,000
    Value Estimations
    $695,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0418262
    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

    • Simione Healthcare Consultants LLC / Business Management Consultant
    • Simione Macca & Larrow / Accountant
    • Gillespie Julianne J CPA / Accountant
    • Larrow Ronald a CPA / Accountant

    Property Details for 4130 Whitney Ave

    Year built
    1978
    Construction
    FRAME
    Lot size
    1.83 lot acres
    Property size
    5,114 SF
    Zone code
    T3.5
    Property type
    Office buildings
    APN
    HAMD M:3429 B:029 L:00-0000
    APU
    HAMDM3429B029L000000

    Description

    This Hamden, Connecticut office space at 4130 Whitney Ave offers a flexible layout in a prime location. The property, built in 1978, features a single-tenant, 5,114 square foot building situated on 1.83 acres of land. The building is two stories and currently offers two contiguous units totaling 2,825 square feet. Unit 1 comprises 1,700 square feet of second-floor space, while Unit 2 offers an additional 1,125 square feet. Both units are available and can be combined to create a larger space. The space is offered as a "vanilla box," allowing for complete customization to tenant specifications. The property boasts brand new mechanical, electrical, and plumbing systems (MEPs). Ample parking is available on-site. This location is highly visible and easily accessible from Whitney Avenue, situated above the future location of Rumanoff's Jewelry. The property is located in New Haven County, Connecticut, zip code 06518.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $745,000
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $545,000
      Market price range: $375k - $707k
      AI Estimate
      $742,000
      Market price range: $396k - $1.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $550,000
      Current use
      RESTAURANT
      $750,000
      Change: +35% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $630,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $550,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $545,000
      Change: -2% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $465,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9114
    Latitude
    41.4432
    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
    $21,395
    $212,030
    $167,440
    $379,470
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $650,000
      30,320 SF

      9 Washington Ave

      OFFICE BUILDING • 30,320 SF
      9 Washington Ave, Hamden, CT 06518-3267
      View Details
    • Value Estimation
      $245,000
      1,361 SF

      2519 Whitney Ave

      OFFICE BUILDING • 1,361 SF
      2519 Whitney Ave, Hamden, CT 06518-3021
      View Details
    • Value Estimation
      $605,000
      28,800 SF

      2911 Dixwell Ave

      OFFICE BUILDING • 28,800 SF
      2911 Dixwell Ave, Hamden, CT 06518-3195
      View Details
    • Value Estimation
      $340,000
      2,741 SF

      2693 Whitney Ave

      OFFICE BUILDING • 2,741 SF
      2693 Whitney Ave, Hamden, CT 06518-2929
      View Details
    • Value Estimation
      $535,000
      4,579 SF

      4193 Whitney Ave

      OFFICE BUILDING • 4,579 SF
      4193 Whitney Ave, Hamden, CT 06518-1212
      View Details
    • Value Estimation
      $300,000
      2,338 SF

      2529 Whitney Ave

      OFFICE BUILDING • 2,338 SF
      2529 Whitney Ave, Hamden, CT 06518-3021
      View Details

    Similar Nearby for Sale

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      Hamden Office Condo For Sale

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      Professional Office Condominium For Sale

      Professional office condominium in Hamden, CT, ideal for various uses.
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    • $1,700,000
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      Hamden Office Building - $1.7M

      Prime Hamden Office & Retail Space
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    • $1,400,000
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      Hamden Commercial Building For Sale

      Two-story commercial building with development potential in high-traffic area.
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    Similar Nearby for Lease

    • $27 SF/Yr
      35,166 SF

      Hamden Medical Office Suites

      Two suites available, prime location.
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      View Details
    • $550 /Mo

      Private Office Space For Lease

      All-inclusive office space with natural light in Hamden, CT.
      3190 Whitney Ave, Hamden, CT 06518
      View Details
    • $850 /Mo

      Hamden Office Space For Rent

      Office spaces available in Hamden, CT with flexible layouts.
      2404 Whitney Ave, Hamden, CT 06518
      View Details
    • $2,200 /Mo
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      Retail/Office Space in Hamden, CT

      850 SF retail/office space in high-traffic Hamden location.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • New
      $2,200 /Mo
      1,621 SF

      Hamden Office Space For Lease

      Office space in Hamden with parking and modification options.
      3848 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,875 /Mo
      1,250 SF

      Hamden Commercial Space Available

      Commercial space available for rent in Hamden, Connecticut.
      2558 Whitney Ave, Hamden, CT 06518
      View Details
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    4130 Whitney Ave
    Hamden, CT 06518
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    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
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