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    16 Commerce St Norwalk, CT 06850

    Sponsored
    For Lease
    $16 SF/Yr ($11,040 /Mo)

    Flexible Industrial Space in Norwalk CBD

    Lot size:
    8,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property at 16 Commerce Street, Norwalk, offers 8,280 square feet of versatile space, ideal for a variety of businesses. Currently, 3,940 square feet are immediately available, divisible down to 1,180 square feet, providing flexibility for various operational needs. The building, constructed in 1942 and classified as Class C, features two stories with a generous 15-foot ceiling height. Access is convenient with two drive-in doors and two dock-high doors, ensuring efficient loading and unloading. The property's location within Norwalk's Central Business District (CBDB), zoned as such, offers unparalleled convenience. Its proximity to Wall Street provides easy access to local amenities, including shops, restaurants, and banks. Furthermore, the strategic location near I-95, exit 16, ensures excellent regional connectivity. The building comprises a single structure with two suites, offering a unique opportunity for either a single tenant or multiple occupants. While there are no dedicated parking spaces on-site, the central location provides easy access to public transportation and nearby parking options. This property presents a rare opportunity to secure flexible industrial space in a prime Norwalk location.

    Property Features for 16 Commerce St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,280 SF
    Class
    C
    Total Rate
    11040

    Building Details

    Year Built
    1942
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Space 1
    Size
    3,940 SF
    Rate per SF
    $16

    HighLights

    • 8,280 SF industrial building in Fairfield County, CT.
    • Flex, warehouse, and manufacturing space available.
    • Multiple tenants, with 3,940 SF vacant.
    • Divisible units from 1,180 SF to 3,940 SF maximum contiguous.
    • Class C building, built in 1942, two stories with 15' ceilings.
    • Features two dock‑high doors and two drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bats Unlimited Wildlife Animal Control Service Symplco Marketing Agency Aikido of Norwalk Aikido School Bats Be Gone ... Pest Control Service American Floor Covering ... Flooring Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4123394
    Latitude
    41.1175673

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    FAQs

    What type of property is this?
    Manufacturing property - Flexible Industrial Space in Norwalk CBD
    Where is this manufacturing property located?
    The property is located at 16 Commerce St Norwalk, CT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 8,280 SF industrial building in Fairfield County, CT.; Flex, warehouse, and manufacturing space available.; Multiple tenants, with 3,940 SF vacant.
    Request Owner's contact information
    16 Commerce St Norwalk, CT 06850
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    Norwalk, CT 06850
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    Realmo Value Estimation

    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.

    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.

    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
    16 Commerce St Norwalk, CT 06850
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