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    Property profile & analytics

    60 Washington Ave Hamden, CT 06518

    • Office Properties & Spaces
    • 2,296 SF
    For Sale
    View listing
    $210,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0809338
    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

    • Office Properties & Spaces

    Property Details for 60 Washington Ave

    Year built
    1988
    Construction
    FRAME
    Property size
    2,296 SF
    Zone code
    T4
    Property type
    Office Properties & Spaces
    APN
    HAMD M:2730 B:057 L:00-0006
    APU
    HAMDM2730B057L000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $241,000
      Market price range: $168k - $317k
      AI Estimate
      $328,000
      Market price range: $178k - $569k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $250,000
      Current use
      COMMERCIAL (GENERAL)
      $285,000
      Change: +14% Conversion: Easy
      RETAIL STORES
      $245,000
      Change: -2% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $210,000
      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
    -72.8993
    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
    $9,480
    $0.00
    $168,140
    $168,140
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      305 SF

      299 Washington Ave, Unit 15A

      CONDOMINIUM OFFICES • 305 SF
      299 Washington Ave, Hamden, CT 06518-3026
      View Details
    • Value Estimation
      $285,000
      3,863 SF

      299 Washington Ave, Unit 12

      CONDOMINIUM OFFICES • 3,863 SF
      299 Washington Ave, Hamden, CT 06518-3026
      View Details
    • Value Estimation
      $295,000
      4,416 SF

      3190 Whitney Ave, Unit 5

      CONDOMINIUM OFFICES • 4,416 SF
      3190 Whitney Ave, Hamden, CT 06518-2340
      View Details
    • Value Estimation
      $230,000
      1,109 SF

      60 Washington Ave Ste, Unit 303

      CONDOMINIUM OFFICES • 1,109 SF
      60 Washington Ave Ste, Hamden, CT 06518-3271
      View Details
    • Value Estimation
      $265,000
      1,540 SF

      2832 Whitney Ave, Unit 1U

      CONDOMINIUM OFFICES • 1,540 SF
      2832 Whitney Ave, Hamden, CT 06518-2554
      View Details
    • Value Estimation
      $320,000
      3,840 SF

      3190 Whitney Ave, Unit 4

      CONDOMINIUM OFFICES • 3,840 SF
      3190 Whitney Ave, Hamden, CT 06518-2340
      View Details

    Similar Nearby for Sale

    • $1,700,000
      11,256 SF

      Hamden Office Building - $1.7M

      Prime Hamden Office & Retail Space
      3127-3129 Whitney Ave, Hamden, 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
    • $105,000
      1,234 SF

      Hamden Office Condo For Sale

      1,234 SF office condo with garage and ample parking.
      60 Washington Ave, Hamden, CT 06518
      View Details
    • $105,000
      943 SF

      Well-Appointed Office Condo For Sale

      943 SF office condo with 3 offices and kitchenette.
      60 Washington Ave, Hamden, CT 06518
      View Details
    • $210,000
      2,177 SF

      Hamden Office Condominium For Sale

      First floor office condominium with efficient floor plan in Hamden.
      60 Washington Ave, Hamden, CT 06518
      View Details
    • $99,999
      1,427 SF

      Professional Office Condominium For Sale

      Professional office condominium in Hamden, CT, ideal for various uses.
      3208 Whitney 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
    • $16 SF/Yr
      11,520 SF

      Hamden Retail & Office Space

      High-traffic corner location, two spaces available
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $7 SF/Yr
      5,603 SF

      Hamden, CT Office Space Available

      Flexible workspace solutions in Hamden, CT.
      2321 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,300 /Mo
      978 SF

      Renovated Office or Retail Space

      Newly renovated office or retail space with modern amenities.
      3000 Dixwell Ave, Hamden, CT 06518
      View Details
    • $20 SF/Yr
      2,500 SF

      Office Space Available For Rent

      Office space available for rent, offering 2500 square feet.
      2751 Dixwell Ave, Hamden, CT 06518
      View Details
    • $18 SF/Yr
      3,163 SF

      Hamden Office Space For Rent

      3163 SQ FT office space in the heart of Hamden.
      2440 Whitney Ave, Hamden, CT 06518
      View Details
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    60 Washington 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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