Office Condo with Private
700 Summer Street Stamford, CT 06901
700 Summer Street, Stamford, CT, 06901
$225,000
For Sale
$225,000
COMMERCIAL - Stamford, CT
Property Size590 SF
Price / SF$381.36
Days on Market85
Property Features for 700 Summer Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MZN
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Exterior features
- Sidewalk,Lighting
- Standard status
- Active
- Size
- 590 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2416
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Flooring type
- Wood
Listing Agency
Iron Gates Realty
(203) 355-9536
29 Summit Place, Stamford, CT
Listed by
Yulka Markevich
(203) 253-0660
Added: Apr 23 Checked: Jul 16 at 9:06 pm
MLS# 24169584
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.
Investment Insights
Based on property information with market context.
This move-in ready office condo offers a private, well-appointed layout with a conference room, kitchenette, full bath, and two bright private offices. Common charges are described as low and include heat, hot water, and cooking gas, helping simplify occupancy costs. The unit also includes access to a private patio. The space is configured to support day-to-day office use, with flexibility for a redesign to match specific tenant or owner needs. Building amenities include a fitness room, storage, and laundry facilities.
The building provides two separate entrances for convenient access: one route is through an updated lobby and a courtyard, and the other is described as direct from the street via the unit’s private patio. The property is listed for sale as an office condo and is zoned MZN.
This offering is well suited for an owner-operator or a business that wants a compact, private office setting with dedicated entry options and an internal conference space. It may also present an alternative conversion path, as the seller notes it can be converted to residential by obtaining a Certificate of Occupancy (CO).
The building provides two separate entrances for convenient access: one route is through an updated lobby and a courtyard, and the other is described as direct from the street via the unit’s private patio. The property is listed for sale as an office condo and is zoned MZN.
This offering is well suited for an owner-operator or a business that wants a compact, private office setting with dedicated entry options and an internal conference space. It may also present an alternative conversion path, as the seller notes it can be converted to residential by obtaining a Certificate of Occupancy (CO).
Key Highlights
- Office condo built in 1961 with wood flooring and hot water heating
- Low common charges include heat, hot water, and cooking gas
- Layout includes conference room, kitchenet, full bath, and two private offices
Local 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 | $16.6k | $28.20 |
| − Vacancy | −$4.5k | −$7.70 |
| EGI | $12.1k | $20.50 |
| − OpEx | −$3.0k | −$5.13 |
| NOI | $9.1k | $15.38 |
590 SF · lease $28.20/SF/yr · vacancy 27.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$129.6K
$113.4K – $151.2K
NOI $9,072 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.3K
$186.7K – $248.9K
NOI $14,933 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Andersen David T ...
Physician
Trujillo Jeanette PHD
Physician
Caren E. Glickson, ...
Counselor
Certified Payroll Associates, ...
Accounting Firm
Branca Anthony CPA
Accounting Firm
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FAQs
What type of property is this?
Office units - Move-in ready office condo with private patio access, conference room, kitchenette, full bath, and two private offices.
Where is this office units located?
The property is located at 700 Summer Street Stamford, CT.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Office condo built in 1961 with wood flooring and hot water heating; Low common charges include heat, hot water, and cooking gas; Layout includes conference room, kitchenet, full bath, and two private offices
