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    430 Tunxis Hill Rd Fairfield, CT 06825

    Sponsored
    For Sale
    $6,720,000

    43,824 SF Flex Space, Prime Location

    Property size:
    43,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This vacant, 43,824-square-foot flex space at 430 Tunxis Hill Road in Fairfield, CT, presents a significant redevelopment opportunity. The two-story, 1991-built building sits on a 0.55-acre lot in the Neighborhood Designed Business District (NDBD) Zone, offering 200 linear feet of frontage on Route 58, plus additional frontage and access on two side streets. The property boasts a 9,456-square-foot garage with 25 parking spaces and a 5,152-square-foot auto service center on the first floor. Upper levels provide 29,216 square feet of showroom space, complemented by an employee lounge, conference room, restrooms, and rooftop parking. Building amenities include 25 exterior vehicle display spaces, passenger and freight elevators, a wet sprinkler system, fiber optics, and two new Trane HVAC units. The asking price is $6,720,000 ($153.34/sq ft). Its strategic location less than two miles from Fairfield University, near I-95, the Fairfield Metro Train Station, and a Greater Bridgeport Transit Bus Stop, provides exceptional access and visibility. Nearby businesses include TJ Maxx, Stop & Shop, Aldi, and Floor & Decor. This property is part of a larger portfolio but is available for sale individually. The zoning allows for potential redevelopment into retail, mixed-use, or residential projects, subject to approval. This presents a rare chance to acquire prime real estate with substantial redevelopment potential in a thriving Connecticut location. The ceiling height is 10 feet.

    Property Features for 430 Tunxis Hill Rd

    General Information

    Property type
    Flex space
    Square Feet
    43,824 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Prime redevelopment opportunity for retail, mixed‑use, or residential (zoning approval required).
    • Excellent location, under 2 miles from Fairfield University (6,000+ students & employees).
    • 43,824 SF, three‑story industrial building on a 0.55‑acre lot with 200' of Route 58 frontage.
    • Features 25 exterior display spaces, passenger/freight elevators, and a wet sprinkler system.
    • Ground floor includes a 9,456 SF garage (25 spaces) and a 5,152 SF auto service center.
    • Part of the Tunxis Hill Portfolio, near I‑95, Fairfield Metro Train Station, and a Greater Bridgeport Transit bus stop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gengras Chrysler Dodge ... Car Dealer

    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
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2305705
    Latitude
    41.1769678

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    FAQs

    What type of property is this?
    Flex space - 43,824 SF Flex Space, Prime Location
    Where is this flex space located?
    The property is located at 430 Tunxis Hill Rd Fairfield, CT.
    What is the asking price?
    The asking price for this property is $6,720,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity for retail, mixed-use, or residential (zoning approval required).; Excellent location, under 2 miles from Fairfield University (6,000+ students & employees).; 43,824 SF, three-story industrial building on a 0.55-acre lot with 200' of Route 58 frontage.
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    430 Tunxis Hill Rd Fairfield, CT 06825
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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
    430 Tunxis Hill Rd Fairfield, CT 06825
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