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    127-131 West St Danbury, CT 06810

    Sponsored
    For Lease
    $11 SF/Yr

    Versatile Danbury spaces available.

    Lot size:
    119,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Salame Plaza offers a diverse portfolio of commercial spaces for lease in Danbury, Connecticut, totaling 119,500 square feet across seven buildings. The property features a variety of configurations to suit various business needs, including traditional office, medical office, creative office, manufacturing, flex space, warehouse, and R&D. Units range from a minimum of 2,176 square feet to a maximum contiguous space of 20,500 square feet, with a total of 12 suites available. Currently, 52,276 square feet are vacant. Building amenities include elevators. Specific examples of available spaces include a 4,500 square foot first-floor office suite with restrooms, kitchenette, and private offices; industrial spaces ranging from 3,000 to 20,500 square feet, expandable in 1,500-square-foot increments, with potential mezzanine space and loading facilities; laboratory spaces ranging from 6,750 to 15,000 square feet with high-end fit-outs including bench stations, locker rooms, and conference facilities; and office spaces ranging from 2,176 to 10,000 square feet, with some units featuring private offices, open bullpens, and kitchen areas. The property is zoned CG-20, allowing for a wide range of uses, including professional offices, churches, fitness centers, and more. Its convenient location offers easy access to Interstate-84 and the Danbury Fair Mall. Detailed square footages and unit descriptions are available upon request.

    Property Features for 127-131 West St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    119,500 SF
    Total Rate
    109541.67

    Building Details

    Buildings
    7

    Unit(s) available at that property

    Space
    Building C, Unit C1
    Size
    4,500 SF
    Rate per SF
    $11
    Space
    Building D
    Size
    20,500 SF
    Rate per SF
    $15
    Space
    Building G, Unit 1A
    Size
    2,176 SF
    Rate per SF
    $11
    Space
    Building G, 2nd Floor
    Size
    10,100 SF
    Rate per SF
    $11
    Space
    Building E
    Size
    15,000 SF
    Rate per SF
    $20

    HighLights

    • 119,500 SF multi‑tenant office, industrial, and retail property in Danbury, CT.
    • Multiple suites available, ranging from 2,176 SF to 20,500 SF contiguous.
    • 52,276 SF currently vacant.
    • Seven buildings on the site.
    • CG‑20 zoning allows for diverse uses including office, R&D, and retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    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
    Danbury
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.46279
    Latitude
    41.39444

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    FAQs

    What type of property is this?
    Life science property - Versatile Danbury spaces available.
    Where is this life science property located?
    The property is located at 127-131 West St Danbury, CT.
    What is the lease rate?
    The lease rate is $11-$20 SF/Yr.
    What are key features of this property?
    This property features: 119,500 SF multi-tenant office, industrial, and retail property in Danbury, CT.; Multiple suites available, ranging from 2,176 SF to 20,500 SF contiguous.; 52,276 SF currently vacant.
    Request Owner's contact information
    127-131 West St Danbury, CT 06810
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    Danbury, CT 06810
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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
    127-131 West St Danbury, CT 06810
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