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

    2 Corporate Dr Shelton, CT 06484

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ten-story office building with on-site amenities in Enterprise Park.

    Property size:
    10,264 SF
    Lot size:
    10,264 SF

    Property Features for 2 Corporate Dr

    General Information

    Size
    10,264 SF

    We can help!

    Listing Contact
    Colin Reilly
    Source: Cbre

    Listing Agent: Colin Reilly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Suburban Office Building For Rent

    2 Corporate Drive is a ten-story suburban office building located within Enterprise Park. The property features on-site property management, a fitness center, a conference center, and a 200-seat auditorium. Additional amenities include a café, daycare facility, and banking services. The building is accessible from Route 8 via Exit 12 and the Merritt Parkway via Exit 52.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Insur IQ (Bike/Boat/Book/etc) Store Conceige Custom Clothing Clothing Store Dressed To the Nines Clothing Store Mortgage Force Loan Service Richard Miller - Private ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.129433
    Latitude
    41.27539

    Nearby Similar for Lease

    • $25 SF/Yr
      2,580 SF

      Shelton Retail Building with Drive-Thru

      Free-standing retail building with drive-thru in Shelton Center.
      5 Huntington St, Shelton, CT 06484
      View Details
    • $1,750 /Mo
      1,800 SF

      Shelton Commercial Space For Lease

      Bright commercial space suitable for retail or offices in Shelton.
      549 Howe Ave, Shelton, CT 06484
      View Details
    • $10 SF/Yr
      54,219 SF

      Shelton Office Space For Rent

      Two-story office complex with natural light and walking trails.
      1 Greenwich Pl, Shelton, CT 06484
      View Details
    • Sponsored
      Contact for pricing

      Shelton

      Workspaces, services and support to help you work better in Shelton
      4 Research Dr, Shelton, CT 06484
      View Details
    • Contact for pricing

      CT, Shelton - 1 Waterview Dr

      Workspaces, services and support to help you work better in Coral Gables
      1 Waterview Dr, Shelton, CT 06484
      View Details
    • $3,000 /Mo
      3,000 SF

      Professional Office Space Available

      3,000 sq ft office space for lease.
      30 Controls Dr, Shelton, CT 06484
      View Details
    • $2,000 /Mo
      1,000 SF

      Professional Office Space Available

      Ground-level office space with five offices, convenient location.
      30 Controls Dr, Shelton, CT 06484
      View Details
    • $5,500 /Mo
      5,500 SF

      Controls Drive Office Space Available

      Professional office space for lease with flexible sizing options.
      30 Controls Dr, Shelton, CT 06484
      View Details
    • $9 SF/Yr

      Shelton Office Space For Rent

      Office spaces available in well-maintained Shelton building with natural light.
      1 Greenwich Pl, Shelton, CT 06484
      View Details
    • $1,750 /Mo
      1,800 SF

      Street Front Commercial Space Available

      Bright 1800 sqft space for retail or office use.
      549 Howe Ave, Shelton, CT 06484
      View Details
    • $1,800 /Mo

      Downtown Retail Space Available

      Retail space with many potential uses in downtown location.
      15 Elm St, Shelton, CT 06484
      View Details
    • $750 /Mo

      Upscale Shelton Office Sublease Opportunity

      Individual office/treatment rooms for sublease in Shelton, CT.
      1000 Bridgeport Ave, Shelton, CT 06484
      View Details

    FAQs

    What type of property is this?
    Office building - Ten-story office building with on-site amenities in Enterprise Park.
    Where is this office building located?
    The property is located at 2 Corporate Dr Shelton, CT.
    What are key features of this property?
    This property features: - On-site property management for your convenience.; - Easy access to Route 8 (Exit 12) and Merritt Parkway (Exit 52).; - Stay active with the on-site fitness center.
    Request Owner's contact information
    2 Corporate Dr Shelton, CT 06484
    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.
    2 Corporate Dr
    Shelton, CT 06484
    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
    2 Corporate Dr Shelton, CT 06484
    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

    We can help!
    Listing Contact
    Colin Reilly
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!