Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Condo in Prime Location Title is generated by Realmo AI

    1171 E Putnam Ave, Greenwich, CT 06878

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial condominium suitable for office, professional, or medical use.

    Type:Retail, Office
    Property size:
    2,460 SF
    Price / SF:
    $528/SF
    Added:
    Jan 29, 2026
    Days on Market:
    108
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1171 E Putnam Ave

    General Information

    Standard status
    Active
    Size
    2,460 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Thomas Torelli
    Thomas Torelli

    Listing agent Thomas Torelli License #CT REB.0684067

    Listing office Allied Property Group

    Listing date Jan 29, 2026

    Source Crexi

    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 Allied Property Group

    HighLights

    • Prime Location: Situated on Boston Post Road, just 150 feet from I‑95 Exit 5.
    • Versatile Use: Suitable for office, professional, or medical purposes.
    • Covered Parking: Includes 9 covered parking spaces with direct elevator access.
    • Rare commercial condominium purchase opportunity.
    • Ideal for owner‑users or entry‑level investors.
    • Direct elevator access from covered parking to the unit.

    Overview

    Unit 1A at 1171 East Putnam Avenue in Riverside, CT, is available for sale. This commercial condominium is suitable for office, professional, or medical use. The building is located directly on the Boston Post Road, 150 feet from the I-95 Exit 5 on/off ramp. The unit includes nine covered parking spaces directly below the space, with elevator access. The property, with a size of 2460 square feet, is positioned in a desirable location and may be suitable for an owner-user or as an entry-level investment.
    Location Intelligence

    Current Use by Public Records

    Dantzig Paul I ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5814592
    Latitude
    41.0416561

    Nearby Similar for Sale

    • $910,000

      Two-Family Home Near Downtown

      Two-unit property near downtown Greenwich, suitable for investors or owner-occupants.
      67 View St W, Greenwich, CT 06830
      View Details
    • Contact for pricing

      Retail Space For Sale

      Retail space available for purchase in Greenwich, Connecticut.
      1380 East Putnam Avenue, Greenwich, CT 06870
      View Details
    • $3,500,000
      3,657 SF

      Mixed-Use Property in Downtown Greenwich

      Mixed-use property with retail, office, residential unit, and parking.
      111 Mill Street, Greenwich, CT 06830
      View Details
    • $3,500,000
      3,657 SF

      Mixed-Use Property in Downtown Greenwich

      Mixed-use property with retail, office, residential, and parking.
      111 Mill Street, Greenwich, CT 06830
      View Details
    • $7,000,000
      5,088 SF

      Luxury Lofts and Townhome Investment

      Five-unit investment property in downtown Greenwich with luxury finishes.
      63 Church Street, Greenwich, CT 06830
      View Details
    • $9,950,000
      10,005 SF

      Greenwich Mixed-Use Retail/Office Asset

      Mixed-use retail/office building near Greenwich Avenue and Metro North.
      100 Mason St, Greenwich, CT
      View Details
    • Contact for pricing
      4,612 SF

      Greenwich Retail and Office Space

      Prime location near Greenwich Avenue with parking.
      31 E Elm St, Greenwich, CT
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial condominium suitable for office, professional, or medical use.
    Where is this office units located?
    The property is located at 1171 E Putnam Ave Greenwich, CT.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime Location: Situated on Boston Post Road, just 150 feet from I‑95 Exit 5.; Versatile Use: Suitable for office, professional, or medical purposes.; Covered Parking: Includes 9 covered parking spaces with direct elevator access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Torelli
    Thomas Torelli
    Real Estate License ID: CT REB.0684067
    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

    Thank You for Inquiry
    1171 E Putnam Ave, Greenwich, CT 06878
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!