Add Listing
    For Sale
    • 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

    32 Haviland St Norwalk, CT 06854

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

    Class A Office, 22,577 SF, Norwalk, CT

    Property size:
    22,577 SF

    Property Features for 32 Haviland St

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    22,577 SF
    Class
    A

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    2
    Units
    5

    We can help!

    Listing Contact
    Tim Rorick
    Tim Rorick

    Listing Agency: Newmark Listing Agent: Tim Rorick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A office building, located at 32 Haviland Street in South Norwalk, Connecticut, offers 22,577 square feet of space across five units within a single, two-story building constructed in 1987. The property, currently 100% occupied with leases expiring November 29, 2023, presents a unique opportunity for owner-users or investors. The building features a mix of unit sizes, ranging from 910 square feet to 12,786 square feet (a two-story unit with internal stairs). Desirable amenities include a private gym with shower facilities and a full backup generator ensuring reliable power. Enjoy breathtaking views from the spectacular rooftop deck overlooking Norwalk Harbor and Long Island Sound. The building's convenient location in South Norwalk's vibrant live-work-play environment offers easy access to the South Norwalk Train Station and numerous nearby retail and dining options. The property is zoned L1 and is being offered for sale by the owner. This is an excellent opportunity to acquire a well-maintained, highly amenitized commercial property in a prime South Norwalk location. The building's current occupancy provides immediate cash flow potential, while the upcoming lease expirations offer flexibility for future use or leasing strategies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial Press Inc. Publishing House A & B Homecare Solutions, ... Home Health Care Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4164754
    Latitude
    41.09813707

    Nearby Similar for Sale

    • New
      $750,000
      Pending

      Turnkey Restaurant Investment Opportunity

      Prime commercial property in Norwalk, Connecticut with high foot traffic.
      84 Washington St, Norwalk, CT 06854
      View Details
    • New
      $2,350,000
      9,856 SF

      Prime SoNo Mixed-Use Opportunity

      9,856 SF commercial building in downtown Norwalk with redevelopment potential.
      140 Water St, Norwalk, CT 06854
      View Details
    • New
      $429,900
      1,399 SF

      Turnkey Salon/Barbershop in South Norwalk

      Remodeled salon/barbershop in a prime, high-traffic location.
      6 Woodward Ave, Norwalk, CT 06854
      View Details
    • New
      $899,900
      3,162 SF

      Norwalk Retail Space For Sale

      3,162 SF retail space in high-traffic Norwalk location.
      16 C103, Norwalk, CT 06854
      View Details
    • New
      $599,000
      Pending

      Two-Family Home on Cul-de-Sac

      Two-family home in Norwalk, near shops, train, and beaches.
      10 Keith St, Norwalk, CT 06854
      View Details
    • New
      $399,000
      1,168 SF

      Norwalk Multifamily Investment Opportunity

      Two-family property near downtown SoNo with investment potential.
      32 Lincoln Avenue Ext, Norwalk, CT 06854
      View Details
    • $950,000
      2,475 SF

      Updated Duplex in West Norwalk

      Spacious, updated duplex in desirable West Norwalk area.
      29 Nash Pl, Norwalk, CT 06854
      View Details
    • New
      $949,000
      Pending

      Norwalk Multifamily Near SONO Station

      Four-unit multifamily property near SONO Station and developments.
      28 Chestnut St, Norwalk, CT 06854
      View Details
    • New
      $949,000
      Pending

      Norwalk Multifamily Near SONO Train

      Four-unit multifamily property near SONO Train Station in Norwalk, CT.
      28 Chestnut St, Norwalk, CT 06854
      View Details
    • $670,000
      2,066 SF

      Charming Multifamily Home in SONO

      Well-maintained two-family home in the heart of SONO.
      10 Burritt Ave, Norwalk, CT 06854
      View Details
    • $665,000
      2,248 SF

      Norwalk Office Building For Sale

      Office building with on-site parking in a central location.
      625 Main Ave, Norwalk, CT 06851
      View Details
    • $1,000,000
      2,624 SF

      Norwalk Retail Property For Sale

      Retail property available for purchase in Norwalk, Connecticut.
      10 Van Zant St, Norwalk, CT 06855
      View Details

    FAQs

    What type of property is this?
    Office property - Class A Office, 22,577 SF, Norwalk, CT
    Where is this office property located?
    The property is located at 32 Haviland St Norwalk, CT.
    What are key features of this property?
    This property features: 22,577 SF Class A office building in South Norwalk, CT.; Five units, ranging from 910 SF to 12,786 SF.; 100% occupied with leases expiring November 29, 2023.
    (203) 531-3622 Call to check price and availability
    Request Owner's contact information
    32 Haviland St Norwalk, CT 06854
    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.
    32 Haviland St
    Norwalk, CT 06854
    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
    32 Haviland St Norwalk, CT 06854
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Rorick
    Tim Rorick
    Real Estate License ID: 0761363
    (203) 531-3622 (203) 531-3600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!