Medical Office Condo in Office
For Sale
$265,000
125 Strawberry Hill Avenue, Stamford, CT 06902
Unit 101 is positioned off the entry foyer with close parking-lot access in a professional office building.
Property Size874 SF
Price / SF$303.20
Days on Market238
Property Features for 125 Strawberry Hill Avenue
General Information
Standard status
Active
Size
874 SF
Property subtype
General Commercial
Amenities
R6
Building Details
Year Built
1966
Listing Agency:
eXp Realty
(203) 981-6398
Listed By:
Jeff Turner
(203) 981-6398
Source:
Xome
Added: Jan 5
Changed: Aug 12
Last Checked: Aug 30 at 1:38PM
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 eXp Realty
Investment Insights
Based on property information with market context.
For sale, Unit 101 is an office condo within a professional office building, presented as a fit for a medical practice or other professional users. The suite is located off the entry foyer and is described as the closest option for easier patient and client access from the parking lot.
The building is situated across the street from Stamford Hospital’s Tully Health Center, and the remarks also note proximity to downtown.
This opportunity is offered with ownership, rather than leasing, according to the provided information.
The building is situated across the street from Stamford Hospital’s Tully Health Center, and the remarks also note proximity to downtown.
This opportunity is offered with ownership, rather than leasing, according to the provided information.
Key Highlights
- Office condo in a professional office building, Unit 101 positioned off the entry foyer
- Unit 101 offers close parking‑lot access for patient/client entry
- Located across the street from Stamford Hospital’s Tully Health Center
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
$13,439
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
5.07%
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%
$268,780
$268.8K
Cap Rate 7%
$191,986
$192.0K
Cap Rate 9%
$149,322
$149.3K
Market Conditions
NOI Build-Up for 874 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
$24.6K $28.20/SF
− Vacancy
−$6.7K −$7.70/SF
EGI
$17.9K $20.50/SF
− OpEx
−$4.5K −$5.13/SF
NOI
$13.4K $15.38/SF
Area
Stamford, CT
Vacancy
27.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
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%
$268,780
Cap Rate 7%
$191,986
Cap Rate 9%
$149,322
Alternative Uses
Best Use
Office B
$192.0K
$168.0K – $224.0K
NOI $13,439 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$188.5K
$165.0K – $219.9K
NOI $13,196 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$316.0K
$276.5K – $368.7K
NOI $22,121 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,242
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Unit 101 is positioned off the entry foyer with close parking-lot access in a professional office building.
Where is this medical office space located?
The property is located at 125 Strawberry Hill Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Office condo in a professional office building, Unit 101 positioned off the entry foyer; Unit 101 offers close parking‑lot access for patient/client entry; Located across the street from Stamford Hospital’s Tully Health Center
