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    850 Mix Ave Hamden, CT 06514-2102
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    Property profile & analytics

    850 Mix Ave, Hamden, CT 06514-2102

    View on Map
    • Assisted living facilities
    • 123,853 SF
    • 3.70 lot acres
    Off-Market
    Last Sale Mar 25, 2024
    Property ID
    US15-1332556
    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
    $5,935,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arden Care Center / Rehabilitation Center / Hospice
    • Marlena Mikula / Physician
    • Arden House Care & Rehab Center: Drickamer Margaret A MD / Physician
    • Sabrina Messina / Physician
    • Shelby Artaiz / Physician

    Property Details for 850 Mix Ave

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.70 lot acres
    Zone code
    R5
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    HAMD M:2627 B:045 L:00-0000
    APU
    HAMDM2627B045L000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 25, 2024 — Almond 850 Mix Ave Ct Pro G3 Ah Roll LLC Warranty Deed —
    Aug 19, 2020 — Arden Hse Propco LLC Arden Re Hldgs LLC Quit Claim Deed —
    Sep 29, 2009 — Arden Re Holdings LLC — Deed Of Trust · related $20.8M · Worth Funding INC
    Sep 28, 2007 $26,442,431 Arden Re Holdings Harold J Moffie LP Warranty Deed —
    Mar 31, 1994 — Harold J Moffie LP — Deed Of Trust · related $22.4M · Worth Funding INC
    Mar 30, 1994 $3,500,000 Howard J Moffie LP Colonial Health Care Grant Deed —
    Aug 31, 1988 $12,895,000 Colonial Health Care Geller,marvin N Tr Grant Deed $9.5M · Bank Of Boston Ct

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $5,730,000
      Current use
      COMMERCIAL (GENERAL)
      $9,805,000
      Change: +71% Conversion: Difficult
      MEDICAL BUILDING
      $9,780,000
      Change: +71% Conversion: Difficult
      OFFICE BUILDING
      $9,270,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9215
    Latitude
    41.3763
    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
    $204,505
    $2,910,600
    $716,660
    $3,627,260
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $890,000
      52,223 SF

      1270 Sherman Ave

      HOMES (RETIRED, NURSING)
      1270 Sherman Ave, Hamden, CT 06514-1330
      View Details
    • Value Estimation by Request
      14.67 Acres

      1796 Paradise Ave

      CHARITABLE ORGANIZATION
      1796 Paradise Ave, Hamden, CT 06514-1020
      View Details
    • Value Estimation by Request
      23.48 Acres

      2100 Dixwell Ave

      COMMERCIAL (GENERAL)
      2100 Dixwell Ave, Hamden, CT 06514-2406
      View Details
    • Value Estimation by Request
      8.31 Acres

      850 Sherman Ave

      INDUSTRIAL (GENERAL)
      850 Sherman Ave, Hamden, CT 06514-1147
      View Details
    • Value Estimation
      $6,520,000
      162,922 SF

      1299 Dixwell Ave

      SHOW ROOM, WAREHOUSE
      1299 Dixwell Ave, Hamden, CT 06514
      View Details
    • Value Estimation by Request
      3,885 SF

      1248 Dixwell Ave

      FINANCIAL BUILDING
      1248 Dixwell Ave, Hamden, CT 06514-4119
      View Details

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    • Contact for pricing
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      Retail Space on Dixwell Avenue

      1,100 SF retail space for lease on Dixwell Avenue.
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    • Contact for pricing
      2,000 SF

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      2,000 SF warehouse with refurbished office and parking.
      61 Overlook Dr, Hamden, CT 06514
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    • New
      $549,900
      2,503 SF

      Two-Family Residential Income Property

      Two renovated 2-bedroom units plus a detached two-car garage, with a walk-up third floor offering expansion options.
      98 Gorham Ave, Hamden, CT 06514
      View Details
    • $449,900
      2,664 SF

      Mixed-Use Property with Apartments

      Mixed-use property featuring retail/office space, apartments, and parking.
      1422 Dixwell Ave, Hamden, CT 06514
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,400 SF

      Professional Office Space Available

      Suburban office space suitable for financial institutions, available 2026.
      105 Sanford St, Hamden, CT 06514
      View Details
    • $3,000 /Mo
      2,300 SF

      Dixwell Avenue Restaurant Opportunity

      Restaurant space for lease on Dixwell Avenue in Hamden.
      1012 Dixwell Ave, Hamden, CT 06514
      View Details
    • $1,800 /Mo

      Spacious Three-Bedroom Apartment Available

      Well-maintained 3-bedroom apartment near downtown New Haven.
      963 Sherman Ave, New Haven, CT 06514
      View Details
    • $2,500 /Mo
      2,000 SF

      Hamden Warehouse Space For Rent

      2,000 SF warehouse space suitable for contractors or landscapers.
      61 Overlook Dr, Hamden, CT 06514
      View Details
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    Hamden, CT 06514-2102
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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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