Trumbull Office Condo For
For Sale
Contact for pricing
100 Corporate Dr, Trumbull, CT 06611
Professional office condo in Trumbull's Corporate Drive Business Park.
Property Size1,620 SF
Price / SF$185.18
Days on Market158
Property Features for 100 Corporate Dr
General Information
Standard status
Active
Size
1,620 SF
Class
B
Total Parking Spaces
55
Property subtype
Office
Zoning
I-L2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2006
Year Renovated
2021
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Better Homes and Gardens Monroe
(203) 400-5393
Listed By:
Jeff Fulchino · License #RES.0799322
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Monroe
Investment Insights
Based on property information with market context.
This professional office condominium is located in the Corporate Drive Business Park in Trumbull. The unit offers approximately 1,620 square feet and is configured with five private offices, a reception area, a waiting lounge, and two half bathrooms. The layout is suitable for various professional users. The space is suited for professional offices, medical or dental practices, financial services, consulting firms, technology companies, or other business services. The property is located within an established office park and provides ample shared parking. The property is situated in the I-L2 Light Industrial zone, where permitted uses include business and professional offices, medical and dental offices or clinics, financial services, manufacturing or fabrication conducted within an enclosed building, printing and publishing operations, and similar business uses. The location provides easy access to Route 25, Route 8, the Merritt Parkway, and I-95, offering regional connectivity for employees and clients. This is an opportunity for an owner-occupant business or investor seeking professional office space in Trumbull’s Corporate Drive business corridor.
Key Highlights
- Excellent Location: Easy access to Route 25, Route 8, the Merritt Parkway, and I‑95.
- Versatile Layout: Configured with five private offices, reception area, waiting lounge, and two half bathrooms.
- Ample Shared Parking: Located within an established office park.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
$448.2K
Cap Rate 7%
$320,171
$320.2K
Cap Rate 9%
$249,022
$249.0K
Market Conditions
NOI Build-Up for 1,620 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.6K $21.96/SF
− Vacancy
−$5.7K −$3.51/SF
EGI
$29.9K $18.45/SF
− OpEx
−$7.5K −$4.61/SF
NOI
$22.4K $13.83/SF
Area
Bridgeport, CT
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,240
Cap Rate 7%
$320,171
Cap Rate 9%
$249,022
Alternative Uses
Best Use
Office B
$320.2K
$280.2K – $373.5K
NOI $22,412 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,367 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 06611, CT
36,835
Population
12,468
Households
3
Avg Household Size
43
Median Age
60%
College-Educated
95%
High-School Grad
23.3 sq mi
ZIP Area
1,581
Density / Sq Mi
$163,227
Median Household Income
$75,795
Median Earnings
$2,292
Median Rent
$495,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office condo in Trumbull's Corporate Drive Business Park.
Where is this office units located?
The property is located at 100 Corporate Dr Trumbull, CT.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Excellent Location: Easy access to Route 25, Route 8, the Merritt Parkway, and I‑95.; Versatile Layout: Configured with five private offices, reception area, waiting lounge, and two half bathrooms.; Ample Shared Parking: Located within an established office park.
