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Property profile & analytics
FOR LEASE
Office buildings
9 Washington Ave, Hamden, CT 06518-3267
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0064210
For Lease
1 / 4
$27 SF/Yr
9 Washington Ave, Hamden, CT 06518-3267
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hamden Pediatrics Medical Clinic Pediatrician
-
Connecticut Orthopaedics Medical Clinic
-
Eric Fan, M.D LLC Physician
-
Richard A. Bernstein, MD Physician
-
Connecticut: Hughes Jennifer Medical Clinic
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
Albany Road 9 Wa LLC · 3 yrs held
Albany Road 9 Wa LLC
since 2023
5 recorded transactions
Zoning & alternative use
T4T5 · Hamden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+35.5%
Commercial (general)
$3.7M
+14.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hamden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,175,000
6.5%
$7,545,000
7%
$7,005,000
Alternative Use
Use
Estimation
RESTAURANT
$4,435,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,740,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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, CT
Zoning T4T5 · permitted uses
T4T5 · Hamden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · 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
Current owner
From public records · entity-resolved
Albany Road 9 Wa LLC
Entity
Mailing address
9 WASHINGTON AVE STE #1202, HAMDEN, CT 06518-3267
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Albany Road 9 Wa LLC
Washington Medical LLC
Warranty Deed
$23,000,000 · Berkshire Bank
Dec 13, 2013
—
Wasington Medical LLC
—
Deed Of Trust
related
$4,950,000 · Bankwell Bank
May 27, 2011
—
Drazen 1993 LP
—
Deed Of Trust
related
$3,000,000 · Peoples Bank
Mar 1, 1996
—
Drazen 1993 LP
—
Deed Of Trust
related
$1,800,000 · Peoples Bank
Jul 25, 1991
—
Sarah Corp
—
Deed Of Trust
related
$260,000 · First Federal Bank Of Ct
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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