Stamford Light Industrial Building For
34 Baxter Avenue Stamford, CT 06902
34 Baxter Avenue, Stamford, CT, 06902
$999,000
For Sale
$999,000
Standalone light industrial building with flexible space in Stamford, CT.
Property Size4,130 SF
Price / SF$241.89
Days on Market100
Property Features for 34 Baxter Avenue
General Information
- Standard status
- Active
- Size
- 4,130 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing Agency
Nizzardo Real Estate Services
(203) 667-3122
Listed by
Cody Nizzardo · License #REB.0790249
(203) 667-3122
Source
Iverty
Added: Apr 9 Checked: Jul 17 at 5:55 am
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
Investment Insights
Based on property information with market context.
Located at 34 Baxter Avenue, Stamford, CT, this standalone light industrial building offers a rare opportunity in a high-demand commercial area. The property features approximately 3,200 square feet above grade, complemented by a 1,000 square foot basement, providing flexible space suitable for various industrial, contractor, or flex applications. Currently operating as a custom cabinet shop, the layout is well-suited for manufacturing, storage, workshop use, or owner-occupancy. The building includes a drive-in bay for convenient loading, 3-phase power to support heavy-duty operations, and 12-foot ceilings enhancing usability. A finished rear section combines office space with a half bathroom and a one-bedroom, one-bathroom apartment setup with central air, offering flexibility for owner use, employee housing, or supplemental office operations. The rear portion is currently built out as office space with a non-conforming apartment component. There is also potential for additional parking across the street. The property benefits from immediate access to I-95, facilitating regional connectivity throughout Fairfield.
Key Highlights
- Prime location with immediate access to I‑95 for seamless regional connectivity.
- 3,200 sq ft light industrial building with an additional 1,000 sq ft basement.
- Features a drive‑in bay and 3‑phase power.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $21.00 |
| − Vacancy | −$5.6k | −$1.37 |
| EGI | $81.1k | $19.64 |
| − OpEx | −$28.4k | −$6.87 |
| NOI | $52.7k | $12.76 |
4,130 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bruce Custom Woodworking
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Libby Cooke Catering — 49 Brown House Rd, Stamford, CT 06902
- Aux Delices (not a retail location) — 23 Acosta St, Stamford, CT 06902
- Susan Kane Catering — 90 Fairfield Ave, Stamford, CT 06902
- Upper Crust Bagel Co — 197 Sound Beach Ave, Old Greenwich, CT 06870
- A Dash of Salt Catering — 49 Brown House Rd, Stamford, CT 06902
FAQs
What type of property is this?
Flex space - Standalone light industrial building with flexible space in Stamford, CT.
Where is this flex space located?
The property is located at 34 Baxter Avenue 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: Prime location with immediate access to I‑95 for seamless regional connectivity.; 3,200 sq ft light industrial building with an additional 1,000 sq ft basement.; Features a drive‑in bay and 3‑phase power.
