Downtown Stamford Office
99 Prospect Street #1B Stamford, CT 06901
99 Prospect Street #1B, Stamford, CT, 06901
$425,000
For Sale
$425,000
Versatile office suite in downtown Stamford with functional workspace.
Property Size1,750 SF
Price / SF$242.86
Days on Market113
Property Features for 99 Prospect Street #1B
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency
KW Legacy Partners
(860) 313-0700
Listed by
DAN LEYDEN
Source
Corcoran
Added: Mar 27 Checked: Jul 15 at 10:41 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Legacy Partners
Investment Insights
Based on property information with market context.
Located at 99 Prospect Street Unit 1B in downtown Stamford, this office suite offers approximately 1,750 square feet of functional workspace. The ground level unit features a professional reception area, multiple private offices, open work areas, and flexible spaces suitable for a variety of professional uses. Large windows provide natural light, complementing the interior finishes. A dedicated kitchenette and private restroom add convenience. Situated within a well-maintained brick building, the unit benefits from a desirable downtown location with walkability and access to local restaurants, shops, and public transportation. The HOA monthly fee includes heat and hot water. This property presents an opportunity to secure a professional office space in a dynamic business district.
Key Highlights
- Prime downtown Stamford location with high walkability and easy access to amenities and public transportation.
- Versatile 1,750 sq ft ground‑level office suite adaptable to various professional uses.
- Functional layout with reception area, private offices, and open work spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $28.20 |
| − Vacancy | −$13.5k | −$7.70 |
| EGI | $35.9k | $20.50 |
| − OpEx | −$9.0k | −$5.13 |
| NOI | $26.9k | $15.38 |
1,750 SF · lease $28.20/SF/yr · vacancy 27.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$384.4K
$336.4K – $448.5K
NOI $26,908 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.8K
$553.7K – $738.2K
NOI $44,293 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John M. Glover ...
Insurance Agency
MAKAR DENTAL
Dental Office
Dent Plus Family ...
Dental Office
Dent Plus Family ...
Dental Office
Best Dental Smiles
Dental Office
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FAQs
What type of property is this?
Office units - Versatile office suite in downtown Stamford with functional workspace.
Where is this office units located?
The property is located at 99 Prospect Street #1B Stamford, CT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime downtown Stamford location with high walkability and easy access to amenities and public transportation.; Versatile 1,750 sq ft ground‑level office suite adaptable to various professional uses.; Functional layout with reception area, private offices, and open work spaces.
