Building Details

Year Built 1940

Listing Agency: Grand Estates LLC Show Phone

Listed By: Jeffrey Stern Show Phone

Source: Spauldingrealty

Added: Apr 24 Changed: Oct 25 Last Checked: Oct 28 at 7:47AM

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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

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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 / Yr

$337,430

Cap Rate

8.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,748,600 $6.7M

Cap Rate 7%

$4,820,429 $4.8M

Cap Rate 9%

$3,749,222 $3.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,589 SF

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 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 (±1% cap)

NOI $390,242 @ 7.0% cap · market cap 9.29%

Second Best

Retail

$4.82M

$4.22M – $5.62M (±1% cap)

NOI $337,430 @ 7.0% cap · market cap 8.03%

Theoretical Best

Office A

$7.08M

$6.20M – $8.26M (±1% cap)

NOI $495,802 @ 7.0% cap · market cap 11.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Legends Auto Parts Auto Parts Store Stamford Cigar Lounge (Bike/Boat/Book/etc) Store The Children of Eros Foundation Association Or Organization JRB Wholesale Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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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.