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

    70 South Main St, Unit 3D Norwalk, CT 06854

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,500 /Mo ($27 SF/Yr)

    Unique, renovated live-work space in SONO, near train and amenities.

    Property size:
    2,000 SF
    Lot size:
    2,000 SF

    Property Features for 70 South Main St

    General Information

    Standard status
    Active
    Size
    2,000 SF

    Building Details

    Year built
    1890

    We can help!

    Listing Contact
    Monica Osorio
    Monica Osorio
    Source: Corcoran

    Listing Agency: Realty ONE Group Connect Listing Agent: Monica Osorio

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

    Learn more

    Overview

    Renovated SONO Live-Work Space

    This property, located in the heart of SONO, has been completely gutted and historically renovated. The space is suitable for live-work arrangements, functioning as either a full office or an apartment. It features 20 ft original tin ceilings, Palladian windows, and hardwood floors throughout. The layout includes an open kitchen to living space and the convenience of a washer and dryer within the unit. Building amenities include an elevator, video intercom system that connects to a phone for remote door access, keyless entry, on-site superintendent, and free storage. The property is located within walking distance of the train, shopping, and restaurants. The unit size is 2000 square feet.
    Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Telecommunications Service Yeimi Contreras Romano ... Insurance Agency Oksana Tanasiv Art Gallery MoneyGram Bank naranjal LLC Bank

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4186828
    Latitude
    41.0967

    Nearby Similar for Lease

    • New
      $3,800 /Mo
      1,399 SF

      Retail Space in South Norwalk

      Retail space for lease in South Norwalk near train station.
      6 Woodward Ave, Norwalk, CT 06854
      View Details
    • $800 /Mo
      175 SF

      Downtown Norwalk Office Space

      Office space for lease in downtown Norwalk, Connecticut.
      97 Main St Unit, Norwalk, CT 06851
      View Details
    • $700 /Mo
      150 SF

      Downtown Norwalk Office Space

      Prime office space in downtown Norwalk with modern amenities.
      97 Main St Unit, Norwalk, CT 06851
      View Details
    • $800 /Mo
      175 SF

      Downtown Norwalk Office Space

      Office space for lease in downtown Norwalk, Connecticut.
      97 Main St Unit, Norwalk, CT 06851
      View Details
    • $700 /Mo
      150 SF

      Downtown Norwalk Office Space

      Prime office space in renovated historic building, downtown Norwalk.
      97 Main St, Norwalk, CT 06851
      View Details
    • $800 /Mo
      175 SF

      Downtown Norwalk Office Space

      Office space for lease in downtown Norwalk, Connecticut.
      97 Main St, Norwalk, CT 06851
      View Details
    • $800 /Mo
      175 SF

      Downtown Norwalk Office Space

      Office space for lease in downtown Norwalk, Connecticut.
      97 Main St, Norwalk, CT 06851
      View Details
    • $2,700 /Mo
      3,853 SF

      Norwalk Restaurant/Retail Space Available

      Affordable, visible 1,818 SF space suitable for various food concepts.
      158 Main St, Norwalk, CT 06850
      View Details
    • $25 SF/Yr
      2,380 SF

      Retail and Office Space Available

      Divisible retail and office spaces for lease with parking.
      430 Main Ave, Norwalk, CT 06851
      View Details
    • $24 SF/Yr
      1,000 SF

      Norwalk Retail Space For Rent

      Retail space available for lease in Norwalk, Connecticut.
      50 Commerce St, Norwalk, CT 06850
      View Details
    • $22 SF/Yr
      1,004 SF

      Norwalk Office Space For Rent

      Office space available for lease in Norwalk, Connecticut.
      124 Avenue E, Norwalk, CT 06854
      View Details
    • $3,200 /Mo

      Norwalk Office/Retail Space Available

      Office and retail space for rent in Norwalk, Connecticut.
      51 Stevens St, Norwalk, CT 06850
      View Details

    FAQs

    What type of property is this?
    Live-work space - Unique, renovated live-work space in SONO, near train and amenities.
    Where is this live-work space located?
    The property is located at 70 South Main St, Unit 3D Norwalk, CT.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Historically renovated live/work space in the heart of SONO.; - Boasts **20 ft original tin ceilings and Palladian windows.**; - Walk to train, shopping, and restaurants.
    (203) 590-1111
    Request Owner's contact information
    70 South Main St, Unit 3D Norwalk, CT 06854
    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.
    70 South Main St, Unit 3D
    Norwalk, CT 06854
    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
    70 South Main St, Unit 3D Norwalk, CT 06854
    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
    Monica Osorio
    Monica Osorio
    Real Estate License ID: RES.0788735
    (203) 590-1111 (203) 943-8831 (203) 838-5005
    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!