Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    121 Towne St Stamford, CT 06902
    Property profile & analytics

    121 Towne St, Stamford, CT 06902

    View on Map
    • Retail properties & Spaces
    • 6,759 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kathy Caprino/Kathy Caprino, LLC / Employment Agency / Tutoring Service
    • StretchLab / Gym & Fitness Center
    • F45 Training Stamford Harbor Point / Gym & Fitness Center
    • B & B Moving & Storage LLC / Moving Company / Storage Facility

    Property Details for 121 Towne St

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Fairfield County property, located at 121 Towne Street, offers 6,759 square feet of versatile commercial space currently available for lease. The building comprises two suites, each adaptable to a variety of uses, including medical offices and restaurants. The minimum divisible space is 1,509 square feet, while a maximum of 5,250 contiguous square feet can be leased. The entire 6,759 square feet is currently vacant, presenting a unique opportunity for a single tenant or multiple occupants. The property boasts ample free parking, a significant advantage in this high-demand area. Its strategic location provides excellent access to Interstate 95, ensuring convenient commutes for employees and clients. The building's former restaurant spaces are already equipped with ventilation systems, making them ideal for food-related businesses. This location benefits from its proximity to over 4,000 luxury residential units within a waterfront community, creating a strong potential customer base. Furthermore, the property is situated near major corporate headquarters, including Charter Communications, Silicon Harbor, Bridgewater Associates, XL Reinsurance, and McKinsey & Company, further enhancing its appeal and potential for success. The property type is classified as Retail, Office, and Restaurant, reflecting its adaptability and suitability for a range of businesses. The property is categorized as both Medical Office and Street Retail, highlighting its diverse leasing potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5347
    Latitude
    41.045

    Comparable in this City

    • Value Estimation by Request
      130,685 SF

      2000 Main St

      Individual retail properties
      2000 Main St, Stamford, CT 06902
      View Details
    • Value Estimation
      $43,065,000
      535,044 SF

      400 Washington Blvd, Unit 1

      CONDOMINIUM OFFICES
      400 Washington Blvd, Stamford, CT 06902-6641
      View Details
    • Value Estimation by Request
      779,842 SF

      100 1 Stamford Pl

      Office Spaces
      100 1 Stamford Pl, Stamford, CT 06902
      View Details
    • Value Estimation by Request
      780 SF

      44 Strawberry Hl Ave Ste, Unit 10

      CONDOMINIUM OFFICES
      44 Strawberry Hl Ave Ste, Stamford, CT 06902-2632
      View Details
    • Value Estimation by Request
      525 SF

      44 Strawberry Hl Ave Ste, Unit 4

      CONDOMINIUM OFFICES
      44 Strawberry Hl Ave Ste, Stamford, CT 06902-2632
      View Details
    • Value Estimation
      $2,375,000
      11,319 SF

      778 Long Rdg Rdb

      CONDOMINIUM OFFICES
      778 Long Rdg Rdb, Stamford, CT 06902-1265
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Retail/Flex Space For Sale

      Two buildings on a .66 acre lot with ample parking.
      11-15 Virgil St, Stamford, CT 06902
      View Details
    • $2,400,000
      4,305 SF

      1038 East Main Street

      Retail properties & Spaces
      1308 Main St, Stamford, CT 06902
      View Details
    • $1,025,000
      3,756 SF

      Stamford Mixed-Use Commercial Building

      Mixed-use building with retail space and apartments in Stamford.
      63 Selleck St, Stamford, CT 06902
      View Details
    • $1,099,999
      8,454 SF

      Mixed-Use Redevelopment Opportunity

      Approved mixed-use project with apartments and retail spaces.
      859 East Main St, Bridgeport, CT 06902
      View Details
    • Contact for pricing
      4,152 SF

      Restaurant Opportunity with Parking

      Restaurant space available with parking and highway access.
      63 Selleck St, Stamford, CT 06902
      View Details
    • Contact for pricing
      525 SF

      Stamford Office Suite For Sale

      Professional office suite with private access and abundant parking.
      44 Strawberry Hill Ave, Stamford, CT 06902
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Restaurant Space with Parking

      Restaurant space available for lease with parking and easy access.
      63 Selleck St, Stamford, CT 06902
      View Details
    • Contact for pricing

      Waterfront Medical Office Sublease

      Furnished lab space available in a prime waterfront location.
      62 Southfield Ave, Stamford, CT 06902
      View Details
    • $3,550 /Mo
      8,454 SF

      Commercial Space with Kitchen

      Versatile commercial space with kitchen in historic district.
      859 East Main St, Bridgeport, CT 06902
      View Details
    • Contact for pricing

      Retail/Flex Space For Rent

      Mixed-use property with retail, flex, and industrial space available.
      11-15 Virgil St, Stamford, CT 06902
      View Details
    • $5,000 /Mo
      4,152 SF

      Stamford Restaurant Opportunity

      Restaurant space for lease with parking and highway access.
      63 Selleck St, Stamford, CT 06902
      View Details
    • Contact for pricing
      1,509 SF

      Stamford Retail Space Available

      Retail spaces available in Stamford, ranging from 1,509 to 5,250 SF.
      119-121 Towne St, Stamford, CT 06902
      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.
    121 Towne St
    Stamford, CT 06902
    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
    121 Towne St, Stamford, CT, 06902
    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!