Stamford Office Condo For
700 Summer Street #STE 1C Stamford, CT 06901
700 Summer Street #STE 1C, Stamford, CT, 06901
$230,000
For Sale
$230,000
Office condo in Stamford, close to transportation and amenities.
Property Size986 SF
Price / SF$233.27
Days on Market232
Property Features for 700 Summer Street #STE 1C
General Information
- Standard status
- Active
- Size
- 986 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing Agency
Century 21 AllPoints Realty
(203) 327-0021
Listed by
MIKYUNG JEUNG
Source
Corcoran
Added: Nov 28, 2025 Checked: Jul 17 at 3:38 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 approximately 986 square feet of professional space. The current layout includes a reception area and four private offices, with the potential for redesign to meet specific needs. The property is situated 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 a central courtyard. This unit includes two parking spaces and a permit for an awning.
Key Highlights
- Prime Stamford location within walking distance to train station, bus stops, restaurants, theaters, parks, and shopping.
- Includes 2 parking spaces and awning permit (unique to this unit).
- Flexible layout featuring a reception area and four private offices, with redesign possibilities.
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 | $27.8k | $28.20 |
| − Vacancy | −$7.6k | −$7.70 |
| EGI | $20.2k | $20.50 |
| − OpEx | −$5.1k | −$5.13 |
| NOI | $15.2k | $15.38 |
986 SF · lease $28.20/SF/yr · vacancy 27.30% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Andersen David T ...
Physician
Trujillo Jeanette PHD
Physician
Caren E. Glickson, ...
Mental Health Service
Certified Payroll Associates, ...
Accounting Firm
Branca Anthony CPA
Accounting Firm
Similar For Sale Nearby
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 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: Prime Stamford location within walking distance to train station, bus stops, restaurants, theaters, parks, and shopping.; Includes 2 parking spaces and awning permit (unique to this unit).; Flexible layout featuring a reception area and four private offices, with redesign possibilities.
