Leased Medical Office
526 Newfield Ave Stamford, CT 06905
New
For Sale
$2,295,000
Fully leased medical office building with three medical professional tenants and dedicated attic storage areas.
Property Size5,427 SF
Price / SF$422.89
Days on Market2
Property Features for 526 Newfield Ave
General Information
- Standard status
- Active
- Size
- 5,427 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1936
Listing Agency:
Century 21 Allpoints Realty Southington
(203) 246-6505
Listed By:
Bob Jr L. Virgulak · License #0805970
(203) 246-6505
Source:
Elliman
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 4:58AM
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 Century 21 Allpoints Realty Southington
Investment Insights
Based on property information with market context.
This fully leased medical office building is offered for sale as a stabilized, income-producing property. The building is approximately 5,427 sq. ft., with approximately 4,950 sq. ft. dedicated to income-producing medical office space. The structure is slab/grade with no basement space. Parking is provided for 22 vehicles, including 21 main spaces and one additional space located on the 13'1" parcel along the north side of the building. The property includes a large walk-up attic with center ceiling heights reaching 12 feet, with designated storage areas for all three tenants.
The tenant roster is fully occupied by three established medical and professional service tenants: an optician (vision care), a dentist, and a chiropractor. The property has been held under continuous ownership since 1989 and features a favorable lease structure with scheduled rental increases, supported by a medical-focused tenant mix.
The tenant roster is fully occupied by three established medical and professional service tenants: an optician (vision care), a dentist, and a chiropractor. The property has been held under continuous ownership since 1989 and features a favorable lease structure with scheduled rental increases, supported by a medical-focused tenant mix.
Key Highlights
- Fully leased 5,427 SF medical office building with three established medical/professional tenants: optician, dentist, and chiropractor.
- Tenant roster is fully occupied, with immediate cash flow and structured rental increases as noted in the property remarks.
- 22 total parking spaces, including 21 main spaces plus 1 additional space on the 13'1" parcel along the north side on Newfield Ave.
Financial Insights For Office B
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 | $153.0k | $28.20 |
| − Vacancy | −$41.8k | −$7.70 |
| EGI | $111.3k | $20.50 |
| − OpEx | −$27.8k | −$5.13 |
| NOI | $83.4k | $15.38 |
5,427 SF · lease $28.20/SF/yr · vacancy 27.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,446 @ 7.0% cap · market cap 3.64%
Second Best
Healthcare Medical
$1.17M
$1.02M – $1.37M
NOI $81,939 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,358 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Family Chiropractic
Alternative Medicine Practice
Gambino Joseph M ...
Alternative Medicine Practice
Stamford Vision Care
Physician
Dr. David Marcus, ...
Dental Office
Deepak Gupta, OD
Physician
Similar Off Market Nearby
- Stamford Veterinary Center & My Pet Lodge — 633 Hope St, Stamford, CT 06907
FAQs
What type of property is this?
Medical Office Space - Fully leased medical office building with three medical professional tenants and dedicated attic storage areas.
Where is this medical office space located?
The property is located at 526 Newfield Ave Stamford, CT.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Fully leased 5,427 SF medical office building with three established medical/professional tenants: optician, dentist, and chiropractor.; Tenant roster is fully occupied, with immediate cash flow and structured rental increases as noted in the property remarks.; 22 total parking spaces, including 21 main spaces plus 1 additional space on the 13'1" parcel along the north side on Newfield Ave.
