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9 Washington Ave, Hamden, CT 06518
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Property summary
AI-generated overview
This 3-story, Class B medical office building at 9 Washington Ave, Hamden, CT 06518, offers two available suites totaling 3,899 square feet. The building, constructed in 1989, features 35,166 total square feet across 11 suites, situated on a 1.73-acre lot. Individual suites range from a minimum of 1,478 square feet to a maximum contiguous space of 2,421 square feet. Both available suites are located on the second floor and offer elevator access. The building is conveniently located in Hamden's central business district, at the corner of Washington Avenue and Dixwell Avenue, a signalized intersection. This prime location provides easy access to major highways I-91 and Route 15. The building features one elevator and is zoned T4T5. The lease rate is $27 per square foot on a modified gross basis.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
30,320 SF
Lot
1.73 ac (75,359 SF)
Zoning code
T4T5
APN
HAMD M:2630 B:001 L:00-0000
UPID
US15-0064210
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic Pediatrician
-
Medical Clinic
-
Physician
-
Physician
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.55M
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$5.93M
Owner & transaction history
since 2023
5 recorded transactions
Zoning & alternative use
T4T5 · Hamden, CT
Top alternative use upside
Restaurant
$4.4M
+35.5%
Commercial (general)
$3.7M
+14.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.93M
Value range
$5.33M – $6.52M
±10% around blend
Estimated value / SF
$195 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$5.33M
blend $5.93M
$6.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
30,320 SF
Lot area
1.73 ac
Year built
1989
Stories
3
APN
HAMD M:2630 B:001 L:00-0000
Zoning
T4T5
Assessed value
$3,087,070
Annual tax
$174,049
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.55M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.18M
@ 6.5% CAP return
$7.55M
@ 7% CAP return
$7.01M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$174,049
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.19M
Range $2.22M – $4.19M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.93M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 62 sales
$108
+81%
County 255 sales
$112
+75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $195/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+35%
vs current-use indication
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$320k
Move the market yield to see immediate price impact.
Value / SF
$11
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$404k
$288k
$224k
$22k
$448k
$320k
$249k
$25k
$493k
$352k
$274k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$174,049
Tax year 2023
Assessed value
$3,087,070
Assessed 2023
Previous assessed
$3,087,070
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$571,060
Assessed improvement
$2,516,010
Applied tax rate
327.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
13
Total area
30,320 SF
Lot
1.73 ac (75,359 SF)
Zoning code
T4T5
APN
HAMD M:2630 B:001 L:00-0000
UPID
US15-0064210
Jurisdiction
HAMDEN
Zoning & alternative use
T4T5 · Hamden, CTZoning T4T5 · permitted uses
T4T5 · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
13
Lot
1.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
T4T5
Jurisdiction
Hamden, CT
Recorded code
T4T5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for T4T5 in Hamden, CT.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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