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    Flex Warehouse with Office Mezzanine Title is generated by Realmo AI

    55 Browning Street, Stratford, CT 06615

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    New
    For Sale
    $299,900

    COMMERCIAL - Stratford, CT

    Property size:
    2,133 SF
    Price / SF:
    $140/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 55 Browning Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    D-16
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Loading - Grade
    Exterior features
    Roof Sign,Lighting,Doors - 16-20 ft,Loading Dock/Grade,Door Sign
    Standard status
    Active
    Size
    2,133 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4359

    Utilities

    Utilities
    Cable Available, Phone Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1989
    Floors in Building
    1
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Brandy Hall

    Listing agent Brandy Hall License #RES.0810151

    Listing office Higgins Group Real Estate 5767 Main Street, Fairfield, CT

    Listing date Jun 5, 2026

    MLS# 24181238

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • About 2,133 SF on the main level plus about 300 SF second‑floor office/mezzanine space
    • 18‑foot ceilings with open showroom space and a dedicated office area
    • Polished concrete floors and loading/grade access with one overhead garage bay door
    • Central air and updated heating system
    • Eight assigned parking spaces
    • Public water and public sewer; cable and phone available

    Overview

    This versatile commercial condominium includes approximately 2,133 square feet on the main level and an additional 300 square feet of second-floor office/mezzanine space. The space has been used as an apparel showroom and manufacturing facility, and it is described as well-maintained and move-in ready. Key features include approximately 18-foot ceilings, an updated heating system, polished concrete floors, open showroom space, and a dedicated office area.

    Access is supported by one overhead garage bay door. The property also includes eight assigned parking spaces, which can help accommodate staff and visitors for showroom or operational needs.

    The configuration is suitable for a variety of tenant or owner-occupant uses that benefit from both flexible open space and an office component. With its showroom-oriented layout and capacity for light manufacturing or distribution-type operations, it may also fit contractor operations, fitness, or e-commerce workflows that require a clean, functional space with on-site office support. Buyers interested in an owner-occupant setup can evaluate the current buildout and the included office/mezzanine area as part of the overall operating plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Volcano Auto Parts Auto Parts Store Post Parkway Auto Repair Shop Cheap Car Insurance ... Insurance Agency Preferred Products Co Industrial Manufacturer Macron Store Connecticut (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • TACOS TUZO’S BEST OUT COOKING — 37 Lake St, Stratford, CT 06615
    • LMS Mobile Bartending Service — 626 Columbus Ave, Stratford, CT 06615

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1479252
    Latitude
    41.1761591

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    FAQs

    What type of property is this?
    Flex space - Versatile flex layout with showroom space, office mezzanine, and overhead garage access for a range of light industrial uses.
    Where is this flex space located?
    The property is located at 55 Browning Street Stratford, CT.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: About 2,133 SF on the main level plus about 300 SF second‑floor office/mezzanine space; 18‑foot ceilings with open showroom space and a dedicated office area; Polished concrete floors and loading/grade access with one overhead garage bay door
    (203) 685-9379
    We can help!
    Listing Contact
    Brandy Hall
    Real Estate License ID: RES.0810151
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    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.

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