Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1020 Fairfield Ave Bridgeport, CT 6605

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for rent, offering 2,226 square feet.

    Type:Office
    Property size:
    2,226 SF
    Added:
    Jan 19, 2022
    Days on Market:
    1533
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1020 Fairfield Ave

    General Information

    Standard status
    Active
    Size
    2,226 SF
    Property subtype
    Office

    Spaces For Lease

    at 1020 Fairfield Ave Contact us

    2226 SF 2nd floor office suite $17 /Mo

    Size
    2,226 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Deanna Spartachino

    Listing agent Deanna Spartachino License #CT

    Listing office Fischel Properties

    Listing date Jan 19, 2022

    Source Crexi

    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 Fischel Properties

    Overview

    Office Space Available For Rent

    An office space is available for rent, offering 2,226 square feet of space. The property is located on Fairfield Avenue in Bridgeport, Connecticut.
    Location Intelligence

    Current Use by Public Records

    Hancock Pharmacy II Pharmacy Precision Wash & Dry ... (Bike/Boat/Book/etc) Store Southwest Community Health ... Community Health Centre National DNA Center Paternity Testing Service Boost Mobile Mobile Phone Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2039301
    Latitude
    41.1747189

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Bridgeport, CT

      Retail space in Bridgeport, CT, suitable for various businesses.
      357 Harral Avenue, Bridgeport, CT 06604
      View Details
    • Contact for pricing

      Office Space in Bridgeport, CT

      Office space featuring multiple rooms, storage, and parking.
      1628 Capital Avenue, Bridgeport, CT 06604
      View Details
    • Contact for pricing

      Downtown Bridgeport Commercial Space Available

      High-visibility commercial space in downtown Bridgeport, suitable for various businesses.
      84 John Street, Bridgeport, CT 06604
      View Details
    • Contact for pricing

      Bridgeport Commercial Space For Lease

      High-visibility corner location ideal for retail, office, or restaurant.
      986 Main Street, Bridgeport, CT 06604
      View Details
    • $19/mo

      Office Space Near University Campus

      Modern offices with flexible sizes and layouts available for lease.
      505 University Avenue, Bridgeport, CT 06604
      View Details
    • $15/mo

      Bridgeport Commercial Space for Lease

      37,000 SF commercial space with offices, kitchen, and parking.
      35-69 Benham Avenue, Bridgeport, CT 06605
      View Details
    • Contact for pricing

      Prime Commercial Space on Main

      800 sqft commercial space ideal for retail or offices.
      535 East Main Street, Bridgeport, CT 06608
      View Details
    • Sponsored
      Contact for pricing

      Downtown Bridgeport

      1000 Lafayette Blvd, Unit 1100, Bridgeport, CT 06604
      View Details
    • Contact for pricing

      Prime Commercial Space on Main

      Versatile 1,500 sqft space ideal for various businesses.
      528 East Main Street, Bridgeport, CT 06608
      View Details
    • Contact for pricing

      Bridgeport Commercial Space for Lease

      Versatile 3-level commercial space suitable for various practices.
      1071 East Main Street, Bridgeport, CT 06608
      View Details
    • Contact for pricing

      Commercial Space with Kitchen

      Versatile commercial space with kitchen in historic district.
      859 East Main Street, Bridgeport, CT 06902
      View Details
    • Contact for pricing

      Industrial Garage/Warehouse Space Available

      Industrial garage/warehouse for lease near I-95 and businesses.
      245 Hewitt Street, Bridgeport, CT 06607
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent, offering 2,226 square feet.
    Where is this office units located?
    The property is located at 1020 Fairfield Ave Bridgeport, CT.
    What are key features of this property?
    This property features: Office space available; 2,226 SqFt
    We can help!
    Listing Contact
    Deanna Spartachino
    Real Estate License ID: CT
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!