Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1605 Stratford Ave Stratford, CT 06615

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,500 /Mo ($36 SF/Yr)

    Ready-to-use commercial kitchen space for ghost kitchens and catering.

    Property size:
    1,142 SF
    Lot size:
    1,142 SF

    Property Features for 1605 Stratford Ave

    General Information

    Standard status
    Active
    Size
    1,142 SF

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Waltter Inoa
    Source: Corcoran

    Listing Agent: Waltter Inoa

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Kitchen Space Available

    This 1142 square-foot commercial space is equipped as a ready-to-use kitchen, suitable for ghost kitchens, catering businesses, food delivery services, or new culinary ventures. The kitchen includes a Royal 6-burner stove with oven, a commercial griddle, and a double fryer. It also features an exhaust hood system, two upright double-door refrigerators, and two sandwich prep tables. Additional equipment includes an industrial slicer and a convection toaster oven. The space is equipped with a hand washing station, a mounted TV, and a security camera system. The property is located in Stratford, Connecticut.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    G&G DELI CONVENIENCE ... Convenience Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1407759
    Latitude
    41.1858578

    Nearby Similar for Lease

    • $16 SF/Yr
      26,850 SF

      Stratford Office Condo For Lease

      Third-floor office condo with elevator, suitable for medical or professional services.
      2900 Main St, Stratford, CT 06614
      View Details
    • $16 SF/Yr
      26,850 SF

      Stratford Office Condo For Lease

      First floor office condo with flexible layout and easy access.
      2900 Main St, Stratford, CT 06614
      View Details
    • $20 SF/Yr
      11,250 SF

      Stratford Industrial Space Sublease

      11,250 RSF industrial space available for sublease.
      640 Access Rd, Stratford, CT 06615
      View Details
    • $7 SF/Yr
      22,872 SF

      Stratford Industrial Building For Lease

      22,872 SF industrial building in Stratford, CT for lease.
      1805 Stratford Ave, Stratford, CT 06615
      View Details
    • $3,000 /Mo
      1,600 SF

      Spacious Townhome in Stratford's North End

      Bright, 1,600 sqft townhome with garage, yard, and modern amenities.
      104 Hickory Woods Ln, Stratford, CT 06614
      View Details
    • $1,900 /Mo
      700 SF

      Versatile Retail or Office Space

      700 SF commercial space suitable for retail or office.
      1925 Barnum Ave, Stratford, CT 06614
      View Details
    • $3,200 /Mo

      Charming Remodeled Apartment in Stratford

      Recently remodeled 2nd/3rd-floor apartment with modern comfort and classic elegance.
      463 Highland Ave, Stratford, CT 06614
      View Details
    • $13 SF/Yr
      1,355 SF

      Stratford Office Space For Lease

      Office space near train station, ideal for professional or medical use.
      2563 Main St, Stratford, CT 06615
      View Details
    • $12 SF/Yr
      34,100 SF

      Industrial Space with Loading Docks

      Flexible industrial space suitable for various business uses.
      500 Lordship Blvd, Stratford, CT 06615
      View Details
    • $9,556 /Mo
      8,558 SF

      Renovated Mixed-Use Commercial Building

      Newly renovated mixed-use building with flexible office and warehouse space.
      53 Hancock St, Stratford, CT 06615
      View Details
    • Contact for pricing
      115,078 SF

      Stratford Retail Center Opportunity

      Prime Retail Space Available in Stratford, CT
      355 Hawley Ln, Stratford, CT 06614
      View Details
    • $1,950 /Mo

      Paradise Green Two-Bedroom Apartment

      Bright, first-floor apartment near Wilcoxson School and Paradise Green amenities.
      88 Horace St, Stratford, CT 06614
      View Details

    FAQs

    What type of property is this?
    Commercial kitchen - Ready-to-use commercial kitchen space for ghost kitchens and catering.
    Where is this commercial kitchen located?
    The property is located at 1605 Stratford Ave Stratford, CT.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped commercial kitchen space ready for immediate use.; - Includes a Royal 6-burner stove with oven and commercial griddle.; - Features essential appliances: double fryer, industrial slicer, and convection toaster oven.
    Request Owner's contact information
    1605 Stratford Ave Stratford, CT 06615
    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.
    1605 Stratford Ave
    Stratford, CT 06615
    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
    1605 Stratford Ave Stratford, CT 06615
    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
    Waltter Inoa
    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.