Drive-In Flex
34 Baxter Ave, Stamford, CT 06902
For Sale
$999,000
Three-phase power, high ceilings, and a finished rear office area support a range of workshop and light industrial functions.
Property Size4,200 SF
Price / SF$241.89
Days on Market40
Property Features for 34 Baxter Ave
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Three-Phase Power
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Nizzardo Real Estate Services
Listed By:
Cody Nizzardo · License CT REB.0790249
(203) 667-3122
Source:
Themialeteam
Added: Oct 5
Changed: Nov 12
Last Checked: Nov 12 at 2:32PM
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 Nizzardo Real Estate Services
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Investment Insights
Based on property information with market context.
The standalone flex building at 34 Baxter Avenue includes a drive-in loading bay, 12-foot ceilings, and 3-phase power. It is currently used as a custom cabinet shop. A finished rear section combines office space, a half bathroom, and a one-bedroom, one-bathroom apartment component with central air; the apartment is non-conforming. The building was constructed in 1956.
I-95 is accessible from Baxter Avenue. The property’s physical features include space for workshop, storage, manufacturing, or office functions, along with a drive-in bay for loading.
I-95 is accessible from Baxter Avenue. The property’s physical features include space for workshop, storage, manufacturing, or office functions, along with a drive-in bay for loading.
Key Highlights
- Drive‑in loading bay
- 3‑phase power and 12‑foot ceilings
- Finished rear office area with half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,710
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,200
$1.1M
Cap Rate 7%
$753,000
$753.0K
Cap Rate 9%
$585,667
$585.7K
Market Conditions
NOI Build-Up for 4,130 SF
Gross rent
$86.7K $21.00/SF
− Vacancy
−$5.6K −$1.37/SF
EGI
$81.1K $19.64/SF
− OpEx
−$28.4K −$6.87/SF
NOI
$52.7K $12.76/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,200
Cap Rate 7%
$753,000
Cap Rate 9%
$585,667
Alternative Uses
Best Use
Flex RnD
$753.0K
$658.9K – $878.5K
NOI $52,710 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,531 @ 7.0% cap · market cap 10.46%
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
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Balanced
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
$515,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Fairfield County, CT
Properties on Market for Flex space in Fairfield County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Upper Crust Bagel Co — 197 Sound Beach Ave, Old Greenwich, CT 06870
- Libby Cooke Catering — 49 Brown House Rd, Stamford, CT 06902
- A Dash of Salt Catering — 49 Brown House Rd, Stamford, CT 06902
- Susan Kane Catering — 90 Fairfield Ave, Stamford, CT 06902
- Aux Delices (not a retail location) — 23 Acosta St, Stamford, CT 06902
Frequently Asked Questions
What type of property is this?
Flex space - Three-phase power, high ceilings, and a finished rear office area support a range of workshop and light industrial functions.
Where is this flex space located?
The property is located at 34 Baxter Ave Stamford, CT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Drive‑in loading bay; 3‑phase power and 12‑foot ceilings; Finished rear office area with half bathroom
