Prime Location Office
700 Summer Street Unit 1F Stamford, CT 06901
700 Summer Street Unit 1F, Stamford, CT, 06901
$225,000
Pending
For Sale
$225,000
Pending
Office condo with low common charges in a prime location.
Property Size590 SF
Days on Market89
Property Features for 700 Summer Street Unit 1F
General Information
- Standard status
- Pending
- Size
- 590 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing Agency
Iron Gates Realty
(203) 253-0660
Listed by
Yulka Markevich
(203) 253-0660
Source
Lockandkeyre
Added: Apr 22 Checked: Jul 19 at 4:25 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 Iron Gates Realty
Investment Insights
Based on property information with market context.
This 590 square foot office condo presents a rare opportunity for ownership in a prime location. The well-appointed layout includes a conference room, kitchenette, and a full bath, along with two bright private offices and access to a private patio. The space is move-in ready and offers the flexibility to be redesigned to suit specific needs. The building is exceptionally well-maintained and provides amenities such as a fitness room, storage, and laundry facilities. The property benefits from two separate entrances: one through an updated lobby and charming courtyard, and another directly from the street via a private patio. The low common charges include heat, hot water, and cooking gas. The property can also be converted to residential use by obtaining a Certificate of Occupancy.
Key Highlights
- Prime location office condo with low common charges covering heat, hot water, and cooking gas.
- Move‑in ready with a conference room, kitchenette, full bath, and two private offices.
- Private patio with separate street entrance, in addition to lobby/courtyard access.
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 - Office condo with low common charges in a prime location.
Where is this office units located?
The property is located at 700 Summer Street Unit 1F 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: Prime location office condo with low common charges covering heat, hot water, and cooking gas.; Move‑in ready with a conference room, kitchenette, full bath, and two private offices.; Private patio with separate street entrance, in addition to lobby/courtyard access.
