Leased Medical Office
For Sale
$2,295,000
526 Newfield Avenue, Stamford, CT 06905
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 Market47
Property Features for 526 Newfield Avenue
General Information
Standard status
Active
Size
5,427 SF
Total Parking Spaces
22
Property subtype
Commercial
Occupancy
100%
Amenities
walk-up attic storage
Building Details
Year Built
1936
Tenancy
Multi
Listing Agency:
Century 21 AllPoints Realty ((203) 246-6505)
(203) 246-6505
Listed By:
Bob Virgulak · License #RES.0805970
(203) 246-6505
Source:
Cthomeseekers
Added: Jul 8
Changed: Aug 23
Last Checked: Aug 22 at 9:38AM
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 ((203) 246-6505)
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,668,920
$1.7M
Cap Rate 7%
$1,192,086
$1.2M
Cap Rate 9%
$927,178
$927.2K
Market Conditions
NOI Build-Up for 5,427 SF
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.
Gross rent
$153.0K $28.20/SF
− Vacancy
−$41.8K −$7.70/SF
EGI
$111.3K $20.50/SF
− OpEx
−$27.8K −$5.13/SF
NOI
$83.4K $15.38/SF
Area
Stamford, CT
Vacancy
27.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,668,920
Cap Rate 7%
$1,192,086
Cap Rate 9%
$927,178
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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 Avenue 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.
