20,000 SF Light Industrial
For Sale
$4,200,000
75 Research Dr, Stamford, CT 06906
20,000 SF light industrial warehouse with flexible space.
Property Size19,589 SF
Price / SF$214.41
Days on Market144
Property Features for 75 Research Dr
General Information
Standard status
Active
Size
19,589 SF
Property subtype
Commercial
Zoning
ML
Taxes and HOA fees
Annual Taxes
$47,320
Building Details
Year Built
1940
Listing Agency:
Grand Estates LLC
(860) 564-8000
Listed By:
Jeffrey Stern
(203) 539-1701
Source:
Spauldingrealty
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 13 at 11:20AM
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 includes 15 to 20 parking spaces, a 12-foot ceiling, one 10-foot bay door, and one loading dock. The space is currently configured with an office, a retail sales area, a cigar lounge, and a commercial kitchen, all of which can be removed to expand the warehouse area. The property is divided into three spaces, presenting opportunities for investors or owner-users. The location has a walk score of 59, indicating it is somewhat walkable, a bike score of 35, indicating it is somewhat bikeable, and a transit score of 48, indicating some transit options are available.
Key Highlights
- 20,000 sq ft of light industrial warehouse space.
- Flexible space suitable for owner/user or investor.
- Features one 10 ft bay door and one loading dock.
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Sense - Stamford — 317 Courtland Ave, Stamford, CT 06906
- Life Storage — 649 Hope St, Stamford, CT 06907
- West End Moving and Storage Warehouse — 120 Viaduct Rd, Stamford, CT 06907
- Kaster Moving Co., Inc. — 66 Viaduct Rd, Stamford, CT 06907
Frequently Asked Questions
What type of property is this?
Warehouse - 20,000 SF light industrial warehouse with flexible space.
Where is this warehouse located?
The property is located at 75 Research Dr 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: 20,000 sq ft of light industrial warehouse space.; Flexible space suitable for owner/user or investor.; Features one 10 ft bay door and one loading dock.
