Versatile Industrial Warehouse
For Sale
$4,200,000
75 Research Drive, Stamford, CT 06906
Approximately 20,000 SF light industrial warehouse with flexible layout.
Property Size19,589 SF
Lot Size0.70 Acres
Price / SF$214.41
Days on Market205
Property Features for 75 Research Drive
General Information
Standard status
Active
Size
19,589 SF
Lot size
0.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$47,320
Amenities
Doors - 10-15 ft
Hot Air Heating
Level Lot
Off Street Parking
Tar/Gravel Roof
Building Details
Year Built
1940
Listing Agency:
Grand Estates LLC
(203) 325-4200
Listed By:
JEFFREY STERN
Source:
Corcoran
Added: Jan 15
Changed: Aug 8
Last Checked: Jul 16 at 5:21AM
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 Grand Estates LLC
Investment Insights
Based on property information with market context.
This property offers approximately 20,000 square feet of light industrial warehouse space. It features 15 to 20 parking spaces, a 12-foot ceiling, one 10-foot bay door, and one loading dock. The current layout includes an office with a retail sales area, a cigar lounge, and a commercial kitchen, all of which can be removed to expand the warehouse space. The property is divided into three spaces, presenting opportunities for investors or owner-users. It is suitable for a variety of uses.
Key Highlights
- Approximately 20,000 sq ft of light industrial warehouse space.
- Versatile: Suitable for owner/user or investor with potential for good returns.
- Includes one loading dock and one 10‑foot bay door.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$337,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,748,600
$6.7M
Cap Rate 7%
$4,820,429
$4.8M
Cap Rate 9%
$3,749,222
$3.7M
Market Conditions
NOI Build-Up for 19,589 SF
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.
Gross rent
$510.1K $26.04/SF
− Vacancy
−$28.1K −$1.43/SF
EGI
$482.0K $24.61/SF
− OpEx
−$144.6K −$7.38/SF
NOI
$337.4K $17.23/SF
Area
Stamford, CT
Vacancy
5.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,748,600
Cap Rate 7%
$4,820,429
Cap Rate 9%
$3,749,222
Alternative Uses
Best Use
Specialty Retail
$5.57M
$4.88M – $6.50M
NOI $390,242 @ 7.0% cap · market cap 9.29%
Second Best
Retail
$4.82M
$4.22M – $5.62M
NOI $337,430 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$7.08M
$6.20M – $8.26M
NOI $495,802 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06906, CT
9,902
Population
3,727
Households
2.7
Avg Household Size
38
Median Age
47%
College-Educated
80%
High-School Grad
1.3 sq mi
ZIP Area
7,617
Density / Sq Mi
$91,710
Median Household Income
$45,518
Median Earnings
$2,207
Median Rent
$576,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Approximately 20,000 SF light industrial warehouse with flexible layout.
Where is this warehouse located?
The property is located at 75 Research Drive Stamford, CT.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Approximately 20,000 sq ft of light industrial warehouse space.; Versatile: Suitable for owner/user or investor with potential for good returns.; Includes one loading dock and one 10‑foot bay door.
