Single-Unit Industrial
New
For Sale
$600,000
109 Hamilton Ave, Stamford, CT 06902
Industrial space with ML zoning configured for warehouse and service-industry use.
Property Size2,200 SF
Price / SF$272.73
Days on Market6
Property Features for 109 Hamilton Ave
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Industrial - Warehouse/Distribution
Zoning
ML
Building Details
Building Size
2,200 SF
Listing Agency:
Coldwell Banker Realty
Listed By:
Sean McDonnell
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 8:55AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,200 SF industrial property is configured as a single-unit warehouse with ML zoning. The layout provides a straightforward setting for warehouse operations and service-industry users seeking an established commercial property in Stamford.
The property is located at 109 Hamilton Ave in Stamford, CT 06902. Its industrial classification and zoning support consideration by users requiring warehouse-oriented space or a service-industry facility.
The property is located at 109 Hamilton Ave in Stamford, CT 06902. Its industrial classification and zoning support consideration by users requiring warehouse-oriented space or a service-industry facility.
Key Highlights
- 2,200 SF industrial property
- Single‑unit warehouse configuration
- ML zoning
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
$29,233
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
4.87%
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%
$584,660
$584.7K
Cap Rate 7%
$417,614
$417.6K
Cap Rate 9%
$324,811
$324.8K
Market Conditions
NOI Build-Up for 2,200 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
$36.4K $16.56/SF
− Vacancy
−$2.0K −$0.93/SF
EGI
$34.4K $15.63/SF
− OpEx
−$5.2K −$2.34/SF
NOI
$29.2K $13.29/SF
Area
Stamford, CT
Vacancy
5.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
15.00%
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%
$584,660
Cap Rate 7%
$417,614
Cap Rate 9%
$324,811
Alternative Uses
Best Use
Warehouse
$417.6K
$365.4K – $487.2K
NOI $29,233 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.5K
$696.0K – $928.0K
NOI $55,682 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 99 Hamilton Ave, Stamford, CT 06902
- Storage Sense - Stamford — 317 Courtland Ave, Stamford, CT 06906
- Miller Motorcars Car Storage - Stamford — 121 Hamilton Ave, Stamford, CT 06902
- Great Moving & Storage Inc — 1266 E Main St Suite 700, Stamford, CT 06902
- Doran Brothers Moving and Self Storage — 815 E Main St, Stamford, CT 06902
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space with ML zoning configured for warehouse and service-industry use.
Where is this warehouse located?
The property is located at 109 Hamilton Ave Stamford, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,200 SF industrial property; Single‑unit warehouse configuration; ML zoning
