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

    2490 Summer St Stamford, CT

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

    Retail space with high visibility in downtown Stamford.

    Type:RETAIL
    Property size:
    13,865 SF
    Lot size:
    0.92 Acres
    Added:
    Jun 6, 2023
    Days on Market:
    1062
    Last Refresh:
    Apr 5 at 10:17 pm

    Property Features for 2490 Summer St

    General Information

    Standard status
    Active
    Size
    13,865 SF
    Lot size
    0.92 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2490 Summer St Contact us

    We can help!

    Listing Contact
    Matt Halprin
    Matt Halprin

    Listing agent Matt Halprin License #0292130

    Listing office New England Retail Properties Inc

    Listing date Jun 6, 2023

    Source Moodyscre

    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 New England Retail Properties Inc

    Overview

    Prime Retail Space in Stamford

    This retail space is located in downtown Stamford, offering excellent visibility on Summer Street, which experiences a traffic count exceeding 13,000 vehicles daily. The property is approximately 1.6 miles, a 5-minute drive, from Interstate-95. It shares on-site parking with IHOP and is situated adjacent to IHOP and across the street from the Ridgeway Shopping Center, which includes retail stores and restaurants such as Marshalls, Stop & Shop, Old Navy, Michael’s, and Ashley’s Home Store. The property has a size of 13,865 square feet.
    Location Intelligence

    Current Use by Public Records

    Jennifer Furniture @ Stamford Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5482
    Latitude
    41.0681

    Nearby Similar for Lease

    • $3,000/Mo

      Downtown Stamford Retail Opportunity

      Prime retail space in high-traffic downtown Stamford location.
      79 Atlantic Street, Stamford, CT 06901
      View Details
    • $5,000/Mo

      Stamford Restaurant Opportunity

      Restaurant space for lease with parking and highway access.
      63 Selleck Street, Stamford, CT 06902
      View Details
    • $3,250/Mo

      Stamford Office Space For Lease

      Turnkey office space in accessible Stamford location.
      23 Ryan Street, Stamford, CT 06907
      View Details
    • $9,200/Mo

      Downtown Stamford Commercial/Medical Space

      Prime downtown Stamford space ideal for medical or professional use.
      27 Oak Street, Stamford, CT 06905
      View Details
    • $45 SF/Yr

      Stamford Office/Retail Space For Lease

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

      Stamford Commercial Space For Lease

      First floor office/retail space with ADA features and outdoor space.
      1086 Long Ridge Road, Stamford, CT 06903
      View Details
    • $25 SF/Yr

      Stamford Wellness/Medical Center Office Suites

      Multiple office suites for lease in downtown Stamford, CT.
      1290 Summer Street, Stamford, CT 06905
      View Details
    • $1,500/Mo

      Oversized Garage in Stamford, CT

      Two-car garage ideal for trades, vehicle storage, or landscaping equipment.
      130 Rock Spring Road, Stamford, CT 06906
      View Details
    • $4,500/Mo

      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 Commercial/Medical Space Available

      Prime downtown Stamford space ideal for medical or professional use.
      27 Oak St, Stamford, CT 06905
      View Details
    • $3,250/Mo

      Stamford Office Space For Lease

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

      Retail Space on Post Road

      Customizable retail space with high visibility and traffic.
      369 W Main St, Stamford, CT 06902
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility in downtown Stamford.
    Where is this retail space located?
    The property is located at 2490 Summer St Stamford, CT.
    What are key features of this property?
    This property features: Located in the heart of downtown Stamford.; Excellent visibility from Summer Street (13,000+ vehicles per day).; Adjacent to IHOP and across from Ridgeway Shopping Center (Marshalls, Stop & Shop, Old Navy, Michael’s, Ashley’s Home Store).
    (860) 729-6810 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Halprin
    Matt Halprin
    Real Estate License ID: 0292130
    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

    2490 Summer St, Stamford, CT

    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!