Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Victorian Retail/Office Multi-Unit Title is generated by Realmo AI

    27 Catoonah Street #1st & 2nd Floor, Ridgefield, CT 06877

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000/Mo $31 SF/Yr (calc)

    Renovated Victorian retail/office space near Ridgefield's Main Street.

    Type:Commercial
    Property size:
    2,315 SF
    Lot size:
    0.32 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    121
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for 27 Catoonah Street #1st & 2nd Floor

    General Information

    Standard status
    Active
    Size
    2,315 SF
    Lot size
    0.32 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    STEVE VIGGIANO

    Listing agent STEVE VIGGIANO

    Listing office William Pitt Sotheby's Int'l

    Listing date Jan 16, 2026

    Source Corcoran

    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 William Pitt Sotheby's Int'l

    HighLights

    • Prime location steps from Ridgefield's Main Street, offering access to dining, retail, and cultural attractions.
    • 14 dedicated parking spots in the Central Business District.
    • Renovated Victorian with historic charm and modern convenience.
    • ADA compliant with elevator access.
    • High ceilings and detailed moldings creating bright, welcoming spaces.
    • Multi‑unit property suitable for retail or office use.

    Overview

    This renovated Victorian multi-unit property, originally known as The Lockwood House, offers a leasing opportunity in Ridgefield, Connecticut. Located steps from Main Street in the Central Business District, the property was updated in a major 2007 renovation and has been meticulously maintained. The property includes first and second floor combined units. It features 14 dedicated parking spots and is ADA compliant with elevator access. The interior boasts high ceilings and detailed moldings, creating bright and welcoming spaces. The property's location provides access to Ridgefield's downtown dining, retail, and cultural attractions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant HVAC Service Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5334
    Latitude
    41.3214

    Nearby Similar for Lease

    • $650/Mo
      114 SF

      Co-working Office Space Available

      Top-tier co-working space in downtown Ridgefield with various suite sizes.
      90 Grove Street, Ridgefield, CT 06877
      View Details
    • $28 SF/Yr
      2,344 SF

      Executive Office Space in Ridgefield

      First-floor office space in downtown Ridgefield with premium amenities.
      90 Grove Street, Ridgefield, CT 06877
      View Details
    • Sponsored
      $129-$4,936/Mo
      11-1,292 SF

      Lee Farm Corporate Park

      83 Wooster Heights Rd, Unit 125, Ridgefield, CT 06810
      View Details
    • $2,565/Mo
      1,338 SF

      Downtown Ridgefield Office Space Available

      1,338 SF office space in downtown Ridgefield.
      440 Main St S, Ridgefield, CT 06877
      View Details
    • $28 SF/Yr
      1,147 SF

      Downtown Ridgefield Office Space Available

      Professional office space in downtown Ridgefield with shared amenities.
      90 Grove Street #STE 205, Ridgefield, CT 06877
      View Details
    • $3,000/Mo

      Renovated Victorian Retail/Office Unit

      Renovated Victorian retail/office unit steps from Ridgefield's Main Street.
      27 Catoonah St, Ridgefield, CT 06877
      View Details
    • $6,000/Mo

      Renovated Victorian Retail/Office Multi-Unit

      Renovated Victorian retail/office space near Ridgefield's Main Street.
      27 Catoonah St 1st & 2nd Floor, Ridgefield, CT 06877
      View Details
    • $700/Mo

      Multi-Use Office or Retail Space

      Retail or office space with utilities included and 24/7 access.
      38A Grove St, Ridgefield, CT 06877
      View Details
    • $3,000/Mo
      1,200 SF

      Renovated Victorian Retail/Office Unit

      First floor unit near Main Street with parking and accessibility.
      27 Catoonah Street, Ridgefield, CT 06877
      View Details
    • $2,565/Mo
      1,338 SF

      Downtown Ridgefield Office Space

      1,338 SF office space in downtown Ridgefield.
      440 Main Street #S, Ridgefield, CT 06877
      View Details
    • $19 SF/Yr
      21,000 SF

      Ridgefield Office/Medical Building For Rent

      Office/Medical building available in Ridgefield, CT with upgrades.
      38 A Grove Street, Ridgefield, CT 06877
      View Details
    • $700/Mo
      150 SF

      Multi-Use Office Space For Rent

      Office space suitable for retail or beauty services.
      38A Grove Street, Ridgefield, CT 06877
      View Details

    FAQs

    What type of property is this?
    Retail space - Renovated Victorian retail/office space near Ridgefield's Main Street.
    Where is this retail space located?
    The property is located at 27 Catoonah Street #1st & 2nd Floor Ridgefield, CT.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Prime location steps from Ridgefield's Main Street, offering access to dining, retail, and cultural attractions.; 14 dedicated parking spots in the Central Business District.; Renovated Victorian with historic charm and modern convenience.
    (203) 438-9531
    We can help!
    Listing Contact
    STEVE VIGGIANO
    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
    27 Catoonah Street #1st & 2nd Floor, Ridgefield, CT 06877
    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!