Renovated Conventional
For Sale
$160,000
Summer Street, Stamford, CT 06905
Business For Sale, Stamford, CT
Property Size900 SF
Price / SF$177.78
Days on Market193
Property Features for Summer Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
GPS Summer Street
Subdivision
Mid City
Standard status
Active
Size
900 SF
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Listing Agency:
BHGRE Shore & Country
(203) 504-5005
Listed By:
Irene Sorial · License #REB.0794997
(203) 252-8653
Added: Mar 5
Changed: Sep 13
Last Checked: Sep 14 at 10:06AM
MLS# 24157727
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 900-square-foot conventional restaurant was built in 1965 and has undergone a full renovation with updated, code-compliant infrastructure. The layout accommodates 6–8 tables and includes a pizza oven sized for up to 25 pies, three freezers, a walk-in refrigerator, commercial mixer, and range. A full basement provides additional storage.
The property is located on Summer Street in Stamford’s Ridgeway area, with restaurants and shopping in the surrounding area. Public water and public sewer serve the property, and cable is available.
The property is located on Summer Street in Stamford’s Ridgeway area, with restaurants and shopping in the surrounding area. Public water and public sewer serve the property, and cable is available.
Key Highlights
- 900 SF restaurant with full renovation and code‑compliant infrastructure
- Dining layout accommodates 6–8 tables
- Pizza oven capacity for up to 25 pies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,113
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,260
$202.3K
Cap Rate 7%
$144,471
$144.5K
Cap Rate 9%
$112,367
$112.4K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$15.3K $17.04/SF
− Vacancy
−$889 −$0.99/SF
EGI
$14.4K $16.05/SF
− OpEx
−$4.3K −$4.82/SF
NOI
$10.1K $11.24/SF
Area
Stamford, CT
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$202,260
Cap Rate 7%
$144,471
Cap Rate 9%
$112,367
Alternative Uses
Best Use
Specialty Retail
$256.1K
$224.1K – $298.8K
NOI $17,929 @ 7.0% cap · market cap 11.21%
Second Best
Industrial
$144.5K
$126.4K – $168.6K
NOI $10,113 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$325.4K
$284.7K – $379.7K
NOI $22,779 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06905, CT
21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant space with commercial kitchen equipment, dining capacity, and basement storage.
Where is this conventional restaurant located?
The property is located at Summer Street Stamford, CT.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 900 SF restaurant with full renovation and code‑compliant infrastructure; Dining layout accommodates 6–8 tables; Pizza oven capacity for up to 25 pies
