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    2900 Main Street, Stratford, CT 06614

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    For Sale
    $1,685,500

    COMMERCIAL - Stratford, CT

    Property size:
    26,850 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $62/SF
    Added:
    Sep 13, 2025
    Days on Market:
    268
    Last Refresh:
    Jun 7 at 3:06 pm

    Property Features for 2900 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CA
    Parking
    150
    Interior features
    Elevator,Fire Suppression System,Handicap Design
    Exterior features
    Sidewalk,Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    26,850 SF
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Year
    2026

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    3

    We can help!

    Listing Contact
    Mark Glassman

    Listing agent Mark Glassman License #RES.0263303

    Listing office Property World 962 Boston Post Road, Milford, CT

    Listing date Sep 13, 2025

    MLS# 24126442

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Medical/professional office condo portfolio with 7 units totaling 14,628 SF
    • Recently painted and recarpeted hallways; building built in 1988
    • Completely leased with projected NOI of $185,416.92 and an 11% cap rate
    • A/D/A compliant with elevator and accessible approach with ramp; handicap design
    • Parking for 150+/- cars; pole sign and sidewalk on site
    • Public utilities: public water and public sewer; 2 lavatories on each floor (6 total)

    Overview

    This offering consists of seven medical/professional office condo units totaling 14,628 square feet within a single building. The property was recently updated with painted and recarpeted hallways and features elevator access for ADA compliance. Each floor includes two lavatories (six total across the building), and some units also offer private baths.

    The building is located one block from Town Hall and benefits from reported average traffic of 13,200 vehicles per day. Access is described as convenient to Merritt Parkway (Rt 15) and I-95.

    For tenants or investors, the portfolio format supports a mix of occupancy needs within a purpose-built office environment. Five units are noted as having leases in place, while Unit 1F (1,950 square feet) and Unit 3C (4,387 square feet) are described as available for lease at $16 N.N.N. per month. With on-site parking of 150+/- spaces, the property is positioned to accommodate both staff and patient or client visits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pleban Joel CPA Accounting Firm Dr. Lucia M. ... Physician Shoenthal Daniel M ... Dental Office Advanced Dentistry of Connecticut Dental Office Pagar David M ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Unleashed Veterinary Dermatology — 47 Nichols Ave, Stratford, CT 06614
    • Stratford Animal Hospital — 480 Knowlton St, Stratford, CT 06615
    • The Pet Hospital Of Stratford — 1185 Linden Ave, Stratford, CT 06615
    • Barnum Animal Hospital — 755 Barnum Avenue Cutoff, Stratford, CT 06614
    • Milos Thomas a DVM — 47 Nichols Ave, Stratford, CT 06614

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.129803
    Latitude
    41.2001698

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    FAQs

    What type of property is this?
    Medical Office Space - Medical and professional office condominium portfolio with ADA access, elevator service, and 150+ parking spaces.
    Where is this medical office space located?
    The property is located at 2900 Main Street Stratford, CT.
    What is the asking price?
    The asking price for this property is $1,685,500.
    What are key features of this property?
    This property features: Medical/professional office condo portfolio with 7 units totaling 14,628 SF; Recently painted and recarpeted hallways; building built in 1988; Completely leased with projected NOI of $185,416.92 and an 11% cap rate
    (203) 314-0605
    We can help!
    Listing Contact
    Mark Glassman
    Real Estate License ID: RES.0263303
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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.

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