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    Retail and Office Center Title is generated by Realmo AI

    100 State Route 37, New Fairfield, CT 06812

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    For Lease
    $20 SF/Yr $33,215/Mo (calc)

    Retail and office spaces available in New Fairfield, CT.

    Type:Commercial
    Property size:
    19,929 SF
    Lot size:
    1.65 Acres
    Added:
    Jul 5, 2025
    Days on Market:
    320
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 100 State Route 37

    General Information

    Standard status
    Active
    Size
    19,929 SF
    Lot size
    1.65 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    MICHAEL STRUNA

    Listing agent MICHAEL STRUNA

    Listing office Advantage Realty, Inc.

    Listing date Jul 5, 2025

    Source Corcoran

    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 Advantage Realty, Inc.

    HighLights

    • Prime Central Business Zone location in New Fairfield, CT with established businesses.
    • Recent extensive improvements including new vehicle circulation and drive‑thru, expanded septic systems, and planned connection to public water.
    • New ownership with a reputation for being the "best Landlord in New Fairfield".
    • Excellent parking and convenient accessibility.
    • Upgrades for restaurant usage: new grease traps and underground propane tanks.
    • Enhanced aesthetics: new sidewalks, curbing, decorative parking lot pavers, windows, building facade, landscaping, and signage.

    Overview

    Located in the Central Business Zone of New Fairfield, CT, the property at 100 Route 37 is a retail and office center under new ownership. The 19929 square foot property offers excellent parking and convenient access. Current tenants include Dunkin Donuts, Ives, Bank, Access Physical Therapy, and Bruno's Pizza. Improvements to the property feature new vehicle circulation and a drive-thru for Dunkin Donuts, along with new and expanded septic systems. There is a planned connection to the public water supply. New grease traps have been installed to accommodate restaurant usage, and underground propane tanks are also in place. Additional upgrades include new sidewalks, curbing, and decorative parking lot pavers, as well as all new windows and building facade improvements. The property also benefits from new landscaping, approved outdoor patio seating, and new building and roadside directory signage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Fairwood Shopping Center — CT-39, New Fairfield, CT 06812
    • Coinstar Kiosk | Bitcoin ATM — Stop & Shop - NY Metro, 2 Brush Hill Rd, New Fairfield, CT 06812

    Location Insight

    • Map
    • Local Demand
    City
    New Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4883
    Latitude
    41.4681

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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces available in New Fairfield, CT.
    Where is this shopping center located?
    The property is located at 100 State Route 37 New Fairfield, CT.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Central Business Zone location in New Fairfield, CT with established businesses.; Recent extensive improvements including new vehicle circulation and drive‑thru, expanded septic systems, and planned connection to public water.; New ownership with a reputation for being the "best Landlord in New Fairfield".
    (203) 798-9345
    We can help!
    Listing Contact
    MICHAEL STRUNA
    Learn More
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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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