Stamford First Floor Office
For Sale
$699,000
1500 Bedford Street #104, Stamford, CT 06905
First floor office space near downtown Stamford and Metro North.
Property Size3,100 SF
Price / SF$225.48
Days on Market154
Property Features for 1500 Bedford Street #104
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,084
Amenities
Central air
Asphalt Shingle Roof
Sidewalk
Central Air Cooling
Door Sign
Driveway
Gutters
Hot Air Heating
Level Lot
Lighting
Off Street Parking
Paved
Wall-to-Wall Carpet Flooring
Building Details
Year Built
1985
Listing Agency:
BHHS Darien/New Canaan
(203) 655-5114
Listed By:
GAYNOR BRENNAN · License #RES.0800346
Source:
Corcoran
Added: Mar 8
Changed: Aug 8
Last Checked: Aug 8 at 4:41AM
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 BHHS Darien/New Canaan
Investment Insights
Based on property information with market context.
This first-floor office space is located a short distance from downtown Stamford and the Metro North Railroad. The layout includes 5 private offices, a conference room, a kitchenette, and a reception area. Additional storage is available in the lower level. The property includes 6 reserved, gated parking spaces. Situated in an R-MF district, the property's permitted uses include apartment buildings for the elderly (provided density increase does not exceed 50%), garden-type apartments, apartment houses, child day care services, single-family dwellings, two-family dwellings, multiple dwellings, accessory garages, home occupations, professional offices (as an accessory use), and public schools.
Key Highlights
- Conveniently located near downtown Stamford and Metro North Railroad.
- Zoned R‑MF allowing for diverse uses As‑of‑Right, including residential and professional offices.
- Includes 6 reserved, gated parking spaces.
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
$47,666
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
6.82%
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%
$953,320
$953.3K
Cap Rate 7%
$680,943
$680.9K
Cap Rate 9%
$529,622
$529.6K
Market Conditions
NOI Build-Up for 3,100 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
$87.4K $28.20/SF
− Vacancy
−$23.9K −$7.70/SF
EGI
$63.6K $20.50/SF
− OpEx
−$15.9K −$5.13/SF
NOI
$47.7K $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%
$953,320
Cap Rate 7%
$680,943
Cap Rate 9%
$529,622
Alternative Uses
Best Use
Office B
$680.9K
$595.8K – $794.4K
NOI $47,666 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,462 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - First floor office space near downtown Stamford and Metro North.
Where is this office units located?
The property is located at 1500 Bedford Street #104 Stamford, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Conveniently located near downtown Stamford and Metro North Railroad.; Zoned R‑MF allowing for diverse uses As‑of‑Right, including residential and professional offices.; Includes 6 reserved, gated parking spaces.
