Trumbull Office Condo For
For Sale
$299,999
Pending
100 Corporate Drive #B104, Trumbull, CT 06611
Professional office condo in Trumbull's Corporate Drive Business Park.
Property Size1,620 SF
Days on Market145
Property Features for 100 Corporate Drive #B104
General Information
Standard status
Pending
Size
1,620 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,776
Amenities
Central air
32" Minimum Door Widths
Accessible Bath
Central Air Cooling
Flat Roof
Hot Air Heating
Lighting
Vinyl Flooring
Building Details
Year Built
2006
Listing Agency:
BHGRE Gaetano Marra Homes
(203) 627-8726
Listed By:
JEFF FULCHINO · License #RES.0799322
Source:
Corcoran
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:26AM
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 BHGRE Gaetano Marra Homes
Investment Insights
Based on property information with market context.
A professional office condominium is available for purchase 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 offers ample shared parking. It 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 property presents an opportunity for an owner-occupant business or investor seeking professional office space in Trumbull's Corporate Drive business corridor.
Key Highlights
- Convenient location with easy access to Route 25, Route 8, the Merritt Parkway, and I‑95.
- Versatile 1,620 sq ft space configured with five private offices, reception area, waiting lounge, and two half bathrooms.
- Located in the established Corporate Drive Business Park in Trumbull.
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
$24,276
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
8.09%
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%
$485,520
$485.5K
Cap Rate 7%
$346,800
$346.8K
Cap Rate 9%
$269,733
$269.7K
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
$43.7K $27.00/SF
− Vacancy
−$3.3K −$2.03/SF
EGI
$40.5K $24.98/SF
− OpEx
−$16.2K −$9.99/SF
NOI
$24.3K $14.99/SF
Area
Bridgeport, CT
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$485,520
Cap Rate 7%
$346,800
Cap Rate 9%
$269,733
Alternative Uses
Best Use
Healthcare Medical
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$320.2K
$280.2K – $373.5K
NOI $22,412 @ 7.0% cap · market cap 7.47%
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 Drive #B104 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: Convenient location with easy access to Route 25, Route 8, the Merritt Parkway, and I‑95.; Versatile 1,620 sq ft space configured with **five private offices, reception area, waiting lounge, and two half bathrooms.**; Located in the established Corporate Drive Business Park in Trumbull.
