Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    379 Shippan Avenue Ext, Unit 1 Stamford, CT 06902

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $23 SF/Yr ($7,509 /Mo)

    3,918 sqft industrial and commercial space for lease.

    Property size:
    3,918 SF
    Lot size:
    0.18 Acres

    Property Features for 379 Shippan Avenue Ext

    General Information

    Standard status
    Active
    Size
    3,918 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Viola Sallaku
    Source: Corcoran

    Listing Agency: Higgins Group Greenwich Listing Agent: Viola Sallaku

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

    Learn more

    Overview

    Shippan Avenue Commercial Space

    This property offers an opportunity to lease 3,918 square feet of combined industrial and general commercial space. It is situated on a busy street in Shippan, conveniently located in a commercial and residential area. The property is approximately 5 minutes from exit 8 off of I-95 and the local train station. The zoning allows for a multitude of uses.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Gym & Fitness Center Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.522274
    Latitude
    41.023018

    Nearby Similar for Lease

    • New
      $850 /Mo
      620 SF

      Stamford Commercial Office For Lease

      Professional office space with parking in Stamford, CT.
      44 Strawberry Hill Ave, Stamford, CT 06902
      View Details
    • New
      $3,250 /Mo
      5,742 SF

      Stamford Office Space For Lease

      Turnkey office space in accessible Stamford location.
      23 Ryan St, Stamford, CT 06907
      View Details
    • New
      $45 SF/Yr
      2,050 SF

      Stamford Office/Retail Space For Lease

      First floor office/retail space with modern upgrades and outdoor deck.
      1086 Long Ridge Rd, Stamford, CT 06903
      View Details
    • New
      $43 SF/Yr
      1,475 SF

      Stamford Commercial Space For Lease

      First floor office/retail space with ADA features and outdoor space.
      1086 Long Ridge Rd, Stamford, CT 06903
      View Details
    • $2,850 /Mo
      1,500 SF

      Downtown Stamford Commercial/Medical Space

      Exceptional downtown commercial space, ideal for medical or professional use.
      27 Oak St, Stamford, CT 06905
      View Details
    • New
      $25 SF/Yr
      1,457 SF

      Downtown Stamford Office Space Available

      Versatile office space with private offices, kitchen, and parking.
      17 Hoyt St Unit, Stamford, CT 06905
      View Details
    • $1,500 /Mo
      5,742 SF

      Stamford Flex Space For Lease

      Convenient Stamford garage space ideal for various business operations.
      23 Ryan St Unit, Stamford, CT 06907
      View Details
    • New
      $23 SF/Yr
      3,918 SF

      Stamford Industrial/Commercial Space For Lease

      3,918 sqft industrial/commercial space in Shippan, near I-95.
      379 Shippan Avenue Ext, Stamford, CT 06902
      View Details
    • New
      $1,500 /Mo
      1,200 SF

      Oversized Garage in Stamford, CT

      Two-car garage ideal for trades, vehicle storage, or landscaping equipment.
      130 Rock Spring Rd, Stamford, CT 06906
      View Details
    • Contact for pricing

      One Stamford Plaza

      Meet, work or collaborate in our professional One Stamford Plaza business center
      263 Tresser Blvd, Stamford, CT 06901
      View Details
    • Sponsored
      Contact for pricing

      Soundview Plaza

      Discover many ways to work your way in Soundview Plaza
      1266 Main St, Stamford, CT 06902
      View Details
    • Contact for pricing

      CT, Stamford - West Broad St

      Discover many ways to work your way in University Executive Park
      9 Broad St, Stamford, CT 06902
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 3,918 sqft industrial and commercial space for lease.
    Where is this mixed-use property located?
    The property is located at 379 Shippan Avenue Ext, Unit 1 Stamford, CT.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - 3,918 sqft of flexible industrial/commercial space.; - Conveniently located in Shippan, near I-95 (Exit 8) and train station.; - High-traffic location on a busy street.
    (203) 521-0343
    Request Owner's contact information
    379 Shippan Avenue Ext, Unit 1 Stamford, CT 06902
    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.
    379 Shippan Avenue Ext, Unit 1
    Stamford, CT 06902
    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
    379 Shippan Avenue Ext, Unit 1 Stamford, CT 06902
    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
    Viola Sallaku
    (203) 521-0343 (203) 220-5020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!