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    2000 Main St Stamford, CT 06902

    Sponsored
    For Lease
    Contact for pricing

    Stamford, CT retail space available. High-traffic location.

    Lot size:
    130,685 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    ShopRite Plaza, located at 2000 W Main St, Stamford, CT 06902, offers a prime retail opportunity. This multi-tenant property comprises three single-story buildings totaling 130,685 square feet and features 16 suites. Currently, 3,510 square feet are vacant, including a 3,000 square foot end-cap space with a double drive-thru. The property boasts 540 parking spaces and is conveniently situated near Commerce Road. Strong co-tenancy includes ShopRite, Banfield Pet Hospital, Orangetheory Fitness, Palm Beach Tan, Dunkin', LaserAway, Fiesta Westside Peruvian Restaurant, Angel Tips Nail Salon, Subway, Domino's, Dr. Dental, Maruichi Japanese Food & Deli, The Superior Cleaner, and Buy the Bottle Wine & Liquor Store. The property benefits from a high-traffic location with neighboring retailers such as Stop & Shop, Home Depot, CVS, Wendy's, Ethan Allen, Verizon, Sola Salons, K9 Resorts, DaVita, Pure Hockey, Hyatt Hotel, and Concentra Urgent Care. Property taxes are $7.73 per square foot. This exceptional location offers significant potential for a variety of retail businesses. The available space presents a unique opportunity to establish a presence in a thriving retail center with strong existing tenants and high visibility.

    Property Features for 2000 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    130,685 SF

    Building Details

    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    310
    Size
    3,000 SF

    HighLights

    • 130,685 SF shopping center at I‑95 Exit 6, Old Greenwich/Stamford border.
    • 540 parking spaces.
    • Former bank space available.
    • 13,000+ cars/day on Route 1, 214,000+ cars/day on I‑95.
    • Rent: Contact for pricing.
    • CAM/Taxes: $10.64/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palm Beach Tan Tanning Salon Superior Cleaners Dry Cleaner Dunkin' Coffee Shop Ballet Des Enfants-Fairy ... Dance School Orangetheory Fitness Gym

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.563082986794
    Latitude
    41.047940080621

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    FAQs

    What type of property is this?
    Individual retail property - Stamford, CT retail space available. High-traffic location.
    Where is this individual retail property located?
    The property is located at 2000 Main St Stamford, CT.
    What are key features of this property?
    This property features: 130,685 SF shopping center at I-95 Exit 6, Old Greenwich/Stamford border.; 540 parking spaces.; Former bank space available.
    Request Owner's contact information
    2000 Main St Stamford, CT 06902
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    Stamford, CT 06902
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    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.

    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
    2000 Main St Stamford, CT 06902
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