Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2228 Black Rock Tpke Fairfield, CT 06825
    Back to Search
    Property profile & analytics

    2228 Black Rock Tpke, Fairfield, CT 06825

    View on Map
    • Retail properties & Spaces
    • 158,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Holahan Gumpper & Dowling / Law Firm / Insurance Agency
    • Dowling Michael A / Law Firm / Insurance Agency
    • Cohen Burger Schwartz & Sax: Burger Edward P CPA / Accounting Firm / Tax Preparation
    • Northstar Wealth Partners, LLC / Financial Advisor
    • Dr. Valentine Edusa, MD, FACOG (Her Transformation OBGYN, PLLC) / Physician

    Property Details for 2228 Black Rock Tpke

    Property type
    Retail properties & Spaces

    Description

    Stillson Plaza, located at 2228 Black Rock Tpke in Fairfield, Connecticut (zip code 06825), offers a fantastic retail space opportunity. This property, situated in Fairfield County, is a multi-tenant retail building boasting a total of 158,000 square feet. Currently, one exceptional space is available, measuring 2,003 square feet. The building's location on the Black Rock Turnpike provides excellent visibility and accessibility for businesses. The available space is ideal for a variety of retail uses. While specific details regarding the interior layout are not provided, the marketing materials highlight the presence of multiple offices and bullpen areas in similar suites within the building, suggesting a flexible and adaptable space. Furthermore, the space benefits from abundant natural light, creating a welcoming and productive environment. This is a rare opportunity to secure a retail space in a well-established building in a prime Fairfield location. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access to a thriving community. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2527
    Latitude
    41.1831

    Comparable in this City

    • Value Estimation by Request
      98,301 SF

      2181-2233 Black Rock Tpke

      Lifestyle centers
      2181-2233 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Value Estimation by Request

      1935 Black Rock Tpke

      Individual retail properties
      1935 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Value Estimation by Request
      1,000 SF

      Black Rock Tpke

      Individual retail properties
      0 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Value Estimation
      $1,200,000
      18,506 SF

      1865 Black Rock Tpke

      SHOW ROOM, WAREHOUSE
      1865 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Value Estimation
      $3,095,000
      15,386 SF

      165 Commerce Dr

      SHOW ROOM, WAREHOUSE
      165 Commerce Dr, Fairfield, CT 06825
      View Details
    • Value Estimation
      $5,920,000
      55,122 SF

      777 Commerce Dr

      SHOW ROOM, WAREHOUSE
      777 Commerce Dr, Fairfield, CT 06825-5500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,273 SF

      Fairfield Redevelopment Opportunity on Route 58

      Versatile commercial property in a high-visibility location with redevelopment potential.
      360 Tunxis Hill Rd, Fairfield, CT 06825
      View Details
    • Contact for pricing
      6,568 SF

      CityMD Urgent Care For Sale

      CityMD Urgent Care in Fairfield, CT with long-term lease.
      320 Kings Hwy E, Fairfield, CT 06825
      View Details
    • $320,000
      3,000 SF

      Black Rock Turnpike Retail Opportunity

      Retail business opportunity on Black Rock Turnpike for sale.
      2155 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      2,464 SF

      Commercial Property on Kings Highway

      Commercial property for sale on a highly traveled corridor.
      813 Kings Hwy E, Fairfield, CT 06825
      View Details
    • Contact for pricing
      6,568 SF

      New CityMD NNN Investment

      New 10-year NNN lease with corporate guarantee.
      320 Kings Hwy E, Fairfield, CT 06825
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,209 SF

      Fairfield Retail Space For Rent

      Retail space available in affluent Fairfield County, Connecticut.
      2181-2233 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Lower level space ideal for office or medical use.
      2317 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      1,250 SF

      Fairfield Retail Space on Turnpike

      Grocery store anchored shopping center retail space for rent.
      2228-2320 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      52,180 SF

      Retail Space Near Train Station

      Retail space with parking near Fairfield Metro train station.
      40 Black Rock Tpke, Fairfield, CT 06825
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2228 Black Rock Tpke
    Fairfield, CT 06825
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2228 Black Rock Tpke, Fairfield, CT, 06825
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!