Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 Palmer Ave 2 Stamford, CT 6902

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,400 /Mo

    Updated 2-bedroom unit near Cove Island and Chelsea Piers.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    1
    Last Refresh:
    Mar 28 at 4:11 am

    Property Features for 104 Palmer Ave 2

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Elaine Parruccini

    Listing agent Elaine Parruccini License #RES.0242953

    Listing office

    Listing date Apr 15, 2026

    Source Elliman

    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 Elaine Parruccini

    Overview

    Updated Unit Near Cove Island

    This updated, sunny 2-bedroom unit is located on the second floor. It features newer engineered hardwood floors, a newer toilet, new tile floors and shower, and newer kitchen countertops with backsplash. The kitchen is equipped with a stainless steel gas stove and a 2-year-old stainless steel refrigerator, along with ceiling fans. Residents can enjoy a nice yard with a patio. A shared washer and dryer are available in the basement, along with some storage space. There is ample parking in the driveway or on the street. Situated at the end of a cul-de-sac on a quiet street, the location offers convenient access to Cove Island beach and Chelsea Piers, both within a short walk. Downtown and the train station are approximately 5 minutes away. The property has a walk score of 87, indicating it is very walkable, a transit score of 60, indicating good transit options, and a bike score of 48, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5100416
    Latitude
    41.0504437

    Nearby Similar for Lease

    • Contact for pricing

      Stamford Restaurant Opportunity

      Restaurant space for lease with parking and highway access.
      63 Selleck Street, Stamford, CT 06902
      View Details
    • Contact for pricing

      Stamford Office Space For Lease

      Turnkey office space in accessible Stamford location.
      23 Ryan Street, Stamford, CT 06907
      View Details
    • Contact for pricing

      Downtown Stamford Commercial/Medical Space

      Prime downtown Stamford space ideal for medical or professional use.
      27 Oak Street, Stamford, CT 06905
      View Details
    • $25/mo

      Stamford Wellness/Medical Center Office Suites

      Multiple office suites for lease in downtown Stamford, CT.
      1290 Summer Street, Stamford, CT 06905
      View Details
    • $45/mo

      Stamford Office/Retail Space For Lease

      First floor office/retail space with modern upgrades and outdoor deck.
      1086 Long Ridge Road unit: Right, Stamford, CT 06903
      View Details
    • $43/mo

      Stamford Commercial Space For Lease

      First floor office/retail space with ADA features and outdoor space.
      1086 Long Ridge Road unit: Left, Stamford, CT 06903
      View Details
    • Contact for pricing

      Oversized Garage in Stamford, CT

      Two-car garage ideal for trades, vehicle storage, or landscaping equipment.
      130 Rock Spring Road unit: 5, Stamford, CT 06906
      View Details
    • Contact for pricing

      130 Lenox Ave Unit #31

      Versatile flex space ideal for industrial and commercial uses.
      130 Lenox Ave, Unit 31, Stamford, CT 06906
      View Details
    • Contact for pricing

      Downtown Stamford Office Space

      Charming 1100 sq ft office in downtown Stamford.
      1886 Bedford St, Stamford, CT 06905
      View Details
    • Contact for pricing

      Restaurant Space with Parking

      Restaurant space available for lease with parking and easy access.
      63 Selleck St, Stamford, CT 06902
      View Details
    • Contact for pricing

      CT, Stamford - West Broad St

      9 Broad St, Unit 3RD, Stamford, CT 06902
      View Details
    • Sponsored
      Contact for pricing

      CT, Stamford - Main St

      750 Main St, Unit 6TH, Stamford, CT 06902
      View Details

    FAQs

    What type of property is this?
    Specialty property - Updated 2-bedroom unit near Cove Island and Chelsea Piers.
    Where is this specialty property located?
    The property is located at 104 Palmer Ave 2 Stamford, CT.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: Walkable location with a walk score of 87, close to Cove Island beach & Chelsea Piers.; Convenient commute, just 5 minutes to downtown and the train station.; Updated unit featuring newer engineered hardwood floors, toilet, tile floors and shower, kitchen countertops, backsplash, and stainless steel appliances.
    (203) 921-8045
    We can help!
    Listing Contact
    Elaine Parruccini
    Real Estate License ID: RES.0242953
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!