Sign Up Successful!
You now have access to more from Realmo!
    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

    11 Merwin St Norwalk, CT 06850

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available, ranging from 1,226 to 3,100 square feet.

    Property size:
    2,650 SF
    Lot size:
    1.77 Acres

    Property Features for 11 Merwin St

    General Information

    Size
    2,650 SF
    Lot size
    1.77 Acres

    We can help!

    Listing Contact
    Nina Santos Becker
    Source: Moodyscre

    Listing Agent: Nina Santos Becker

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

    Learn more

    Overview

    Retail Space Available For Rent

    Available for rent are retail spaces with sizes of 1,226 and 3,100 square feet. The asking rent is negotiable. NNN expenses are estimated at $11.50 per square foot.
    Location Intelligence

    Current Use by Public Records

    Monica's Nannies Employment Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4144587
    Latitude
    41.1127682

    Nearby Similar for Lease

    • $2,450 /Mo

      Luxury Apartment in South Norwalk

      Modern apartment with balcony, amenities, and convenient location.
      19 Day St, Norwalk, CT 06854
      View Details
    • $4,500 /Mo
      2,000 SF

      Renovated SONO Live-Work Space

      Historically renovated live-work space in the heart of SONO.
      70 South Main St, Norwalk, CT 06854
      View Details
    • $2,450 /Mo

      Remodeled Apartment Near Downtown Norwalk

      Top-floor, two-bedroom apartment with modern amenities and convenient location.
      31 Glenwood Ave, Norwalk, CT 06854
      View Details
    • Contact for pricing
      4,637 SF

      Prime SoNo Retail Space

      4,637 SF Flagship Retail in Norwalk, CT
      123 Washington St, Norwalk, CT 06854
      View Details
    • $2,195 /Mo

      Norwalk Apartment with Utilities Included

      One-bedroom apartment in Norwalk with included utilities.
      128 East Ave, Norwalk, CT 06851
      View Details
    • $1,795 /Mo

      Renovated Studio in Central Norwalk

      Completely renovated studio with modern amenities in central Norwalk.
      1 Arch St, Norwalk, CT 06850
      View Details
    • $3,800 /Mo
      1,399 SF

      Retail Space in South Norwalk

      Retail space for lease in South Norwalk near train station.
      6 Woodward Ave, Norwalk, CT 06854
      View Details
    • $2,400 /Mo

      East Norwalk Updated Apartment Rental

      Updated 2BR apartment near SONO, train, and harbor.
      265 East Ave, Norwalk, CT 06855
      View Details
    • $4,350 /Mo

      Remodeled Apartment Near Norwalk Hospital

      Remodeled first-floor unit near hospital, restaurants, shops, and train.
      14 Fairview Ave, Norwalk, CT 06450
      View Details
    • $2,000 /Mo

      Refreshed One Bedroom Apartment

      Move-in ready one bedroom apartment with modern amenities.
      19 Isaacs St, Norwalk, CT 06850
      View Details
    • $26 SF/Yr
      28,000 SF

      Norwalk Office/Retail Space

      Prime Norwalk location, 2,000 sq ft available.
      205 Main St, Norwalk, CT 06851
      View Details
    • $25 SF/Yr
      2,380 SF

      Retail and Office Space Available

      Divisible retail and office spaces for lease with parking.
      430 Main Ave, Norwalk, CT 06851
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available, ranging from 1,226 to 3,100 square feet.
    Where is this retail space located?
    The property is located at 11 Merwin St Norwalk, CT.
    What are key features of this property?
    This property features: - Available spaces: 6; - Total square feet: 3,100± SF; - Total square feet: 1,226± SF
    (203) 302-1701
    Request Owner's contact information
    11 Merwin St Norwalk, CT 06850
    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.
    11 Merwin St
    Norwalk, CT 06850
    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
    11 Merwin St Norwalk, CT 06850
    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
    Nina Santos Becker
    (203) 302-1701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.