Stamford Office Condo For
700 Summer St STE 1C Stamford, CT 06901
700 Summer St STE 1C, Stamford, CT, 06901
$230,000
For Sale
$230,000
Office condo in Stamford, close to transportation and amenities.
Property Size1,000 SF
Price / SF$230
Days on Market116
Property Features for 700 Summer St STE 1C
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing Agency
Century 21 AllPoints Realty
(646) 469-4479
Listed by
Mikyung Jeung
(646) 469-4479
Source
Elliman
Added: Mar 24 Checked: Jul 16 at 11:14 am
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
Investment Insights
Based on property information with market context.
Located in the heart of Stamford, this office condo offers almost 1,000 square feet of professional space. The current layout includes a reception area and four private offices, with the potential for redesign to meet specific requirements. The property is situated within walking distance of the train station, bus stops, restaurants, theaters, parks, and shopping. Heat, gas, and hot water are included in the common charges. Available amenities include a fitness room and laundry room. A courtyard is located in the building's center. This unit includes two parking spaces and a permit for an awning.
Key Highlights
- Prime Stamford location, walking distance to train station, bus stops, restaurants, theaters, parks, and shopping.
- Includes 2 dedicated parking spaces and awning permit.
- Flexible layout featuring a reception area and four private offices, offering re‑design potential.
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 | $28.2k | $28.20 |
| − Vacancy | −$7.7k | −$7.70 |
| EGI | $20.5k | $20.50 |
| − OpEx | −$5.1k | −$5.13 |
| NOI | $15.4k | $15.38 |
1,000 SF · lease $28.20/SF/yr · vacancy 27.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$219.7K
$192.2K – $256.3K
NOI $15,376 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.6K
$316.4K – $421.8K
NOI $25,310 @ 7.0% cap · market cap 11.00%
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 - Office condo in Stamford, close to transportation and amenities.
Where is this office units located?
The property is located at 700 Summer St STE 1C Stamford, CT.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Prime Stamford location, walking distance to train station, bus stops, restaurants, theaters, parks, and shopping.; Includes 2 dedicated parking spaces and awning permit.; Flexible layout featuring a reception area and four private offices, offering re‑design potential.
