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    90 Grove St, Unit unit Ste 206 & 207 Ridgefield, CT 06877

    Sponsored
    For Sale
    $1,085,260

    COMMERCIAL - Ridgefield, CT

    Property size:
    4,933 SF
    Lot size:
    1.00 Acre
    Days on Market:
    2
    Last Refresh:
    Feb 24 at 6:06 pm

    Property Features for 90 Grove St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    Interior features
    Elevator,Employee Lounge,Public Restrooms
    Accessibility
    Accessible Elevator Installed
    Size
    4,933 SF
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Phone Available, Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Ryan Kundrat

    Keller Williams Realty (203) 438-9494

    Listing agent Ryan Kundrat (203) 438-9494

    Listing date Feb 23, 2026

    MLS# 24155835

    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.

    Learn more

    Property Insight Report

    Overview

    Co-working Office in Downtown Ridgefield

    This top-tier co-working office facility, featuring shared kitchen and conference room amenities, is offered for sale as a 4,933 square foot unit. The property is delivered near fully occupied with co-working tenants throughout, with 4 offices currently vacant. The rent revenue when fully occupied is $169,000 with upside potential. Located in the heart of downtown Ridgefield, The Executive Pavilion at 90 Grove Street is a highly regarded professional office building just steps from Main Street. The property offers walkable access to premier restaurants, cafes, banks, retail boutiques, and municipal services, creating an exceptional environment for both tenants and clients. The building features elevator access, professional property management, and an on-site fitness center, providing convenience and added value for occupants. A diverse and established tenant mix, including professional services, consultants, medical providers, and boutique firms, creates a dynamic and collaborative business atmosphere. With its central location, strong tenant community, quality amenities, and reputation as one of Ridgefield's premier business addresses, The Executive Pavilion offers an ideal setting for companies seeking both visibility and professionalism in downtown Ridgefield. The property is zoned B-3 and sits on a 1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Law Offices of Eric ... Law Firm Fincham Downs LLC Law Firm Votre & Associates, P.C. Law Firm OlleyMay Advertising Agency Einzig Mark L ... Dental Office

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4957719
    Latitude
    41.2894227

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    FAQs

    What type of property is this?
    Coworking space - Top-tier co-working space near Main Street with shared amenities.
    Where is this coworking space located?
    The property is located at 90 Grove St, Unit unit Ste 206 & 207 Ridgefield, CT.
    What is the asking price?
    The asking price for this property is $1,085,260.
    What are key features of this property?
    This property features: - High Income Potential: Delivered near fully occupied with co-working tenants, generating $169K rent revenue when fully occupied, with upside potential.; - Prime Downtown Location: Steps from Main Street in Ridgefield, offering walkable access to restaurants, cafes, banks, retail, and municipal services.; - Premier Professional Building: Located in the highly regarded Executive Pavilion at 90 Grove Street, a top-tier office building.
    (203) 539-1139
    Request Owner's contact information
    90 Grove St, Unit unit Ste 206 & 207 Ridgefield, CT 06877
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    Ridgefield, CT 06877
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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
    90 Grove St, Unit unit Ste 206 & 207 Ridgefield, CT 06877
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    We can help!
    Listing Contact
    Ryan Kundrat
    (203) 539-1139 (203) 438-9494
    Learn more
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