Building Details

Building Size 3,100 SF

Year Built 1985

Stories 2

Units 20

Listing Agency: Bhhs Darien/New Canaan a***@bhhsne.com Show Phone

Listed By: Gaynor Brennan · License #RES.0800346 Show Phone

Source: Cappellorealty

Added: Mar 6 Changed: Oct 22 Last Checked: Oct 22 at 2:27PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,100-square-foot, first-floor office suite was built in 1985 and includes five private offices, a conference room, kitchenette, and reception area. Lower-level storage and six reserved spaces within a gated parking area are also part of the property.

The property is in Stamford, a short distance from downtown and Metro North Railroad. RMF zoning permits specified residential uses, child day care services, public school, and professional offices as an accessory use, subject to the stated conditions.

Key Highlights

• 3,100 square feet of first‑floor office space
• Five private offices, conference room, kitchenette, and reception
• Lower‑level storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,666

Cap Rate

6.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$953,320 $953.3K

Cap Rate 7%

$680,943 $680.9K

Cap Rate 9%

$529,622 $529.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $78,462 @ 7.0% cap · market cap 11.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

USJunkCars.Com Car Dealership International Medical Products Medical Clinic

Suggested Use

Top Pick Veterinary Clinic Butcher Garden Center Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - The suite includes private offices, a conference room, a kitchenette, and reception area.

Where is this office unit 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: 3,100 square feet of first‑floor office space; Five private offices, conference room, kitchenette, and reception; Lower‑level storage