Office Condo with Private
For Sale
$230,000
700 Summer Street Ste 1c, Stamford, CT 06901
Office unit with reception, four private offices, and access to shared building amenities.
Property Size986 SF
Price / SF$233.27
Days on Market85
Property Features for 700 Summer Street Ste 1c
General Information
Standard status
Active
Size
986 SF
Total Parking Spaces
2
Additional Details
Public Transit
Yes
Amenities
Fitness room
laundry room
courtyard
Building Details
Year Built
1961
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Mikyung Jeung
(203) 327-0021
Source:
Themialeteam
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 16 at 1:35PM
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
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Investment Insights
Based on property information with market context.
This 986-square-foot office condo is configured with a reception area and four private offices, while allowing for future redesign to suit the occupant’s requirements. The unit was built in 1961 and includes two dedicated parking spaces, along with a permit for an awning.
The property is situated in Stamford, CT, within walking distance of the train station, bus stops, restaurants, theaters, parks, and shopping. Common charges cover heat, gas, and hot water. Building amenities include a fitness room, laundry room, and centrally located courtyard.
The property is situated in Stamford, CT, within walking distance of the train station, bus stops, restaurants, theaters, parks, and shopping. Common charges cover heat, gas, and hot water. Building amenities include a fitness room, laundry room, and centrally located courtyard.
Key Highlights
- 986 SF office condo with reception area and four private offices
- Two dedicated parking spaces included with the unit
- Common charges include heat, gas, and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,161
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,220
$303.2K
Cap Rate 7%
$216,586
$216.6K
Cap Rate 9%
$168,456
$168.5K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$27.8K $28.20/SF
− Vacancy
−$7.6K −$7.70/SF
EGI
$20.2K $20.50/SF
− OpEx
−$5.1K −$5.13/SF
NOI
$15.2K $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 Rate 5%
$303,220
Cap Rate 7%
$216,586
Cap Rate 9%
$168,456
Alternative Uses
Best Use
Office B
$216.6K
$189.5K – $252.7K
NOI $15,161 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.5K
$312.0K – $415.9K
NOI $24,956 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 06901, CT
10,595
Population
6,440
Households
1.6
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
0.5 sq mi
ZIP Area
21,190
Density / Sq Mi
$87,524
Median Household Income
$70,562
Median Earnings
$2,266
Median Rent
$446,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office unit with reception, four private offices, and access to shared building amenities.
Where is this office units located?
The property is located at 700 Summer Street 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: 986 SF office condo with reception area and four private offices; Two dedicated parking spaces included with the unit; Common charges include heat, gas, and hot water
