Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    32 Haviland St Norwalk, CT 06854
    Property profile & analytics

    32 Haviland St, Norwalk, CT 06854

    View on Map
    • Office Spaces
    • 22,577 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial Press Inc. / Publishing House / Printing Service
    • A & B Homecare Solutions, LLC / Home Health Care Service

    Property Details for 32 Haviland St

    Year built
    1987
    Property type
    Office Spaces

    Description

    This exceptional Class A office building, located at 32 Haviland Street in South Norwalk, Connecticut, offers 22,577 square feet of space across five units within a single, two-story building constructed in 1987. The property, currently 100% occupied with leases expiring November 29, 2023, presents a unique opportunity for owner-users or investors. The building features a mix of unit sizes, ranging from 910 square feet to 12,786 square feet (a two-story unit with internal stairs). Desirable amenities include a private gym with shower facilities and a full backup generator ensuring reliable power. Enjoy breathtaking views from the spectacular rooftop deck overlooking Norwalk Harbor and Long Island Sound. The building's convenient location in South Norwalk's vibrant live-work-play environment offers easy access to the South Norwalk Train Station and numerous nearby retail and dining options. The property is zoned L1 and is being offered for sale by the owner. This is an excellent opportunity to acquire a well-maintained, highly amenitized commercial property in a prime South Norwalk location. The building's current occupancy provides immediate cash flow potential, while the upcoming lease expirations offer flexibility for future use or leasing strategies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4165
    Latitude
    41.0981

    Comparable in this City

    • Value Estimation by Request
      97,000 SF

      22 Elizabeth St

      Office Spaces
      22 Elizabeth St, Norwalk, CT 06854
      View Details
    • Value Estimation by Request
      5,952 SF

      16-18 Ann St, Unit 1

      CONDOMINIUM OFFICES
      16-18 Ann St, Norwalk, CT 06854
      View Details
    • Value Estimation by Request
      1,736 SF

      49 Day St, Unit 111

      CONDOMINIUM OFFICES
      49 Day St, Norwalk, CT 06854-4901
      View Details
    • Value Estimation by Request
      2,076 SF

      80 Washington St Ste, Unit 1

      CONDOMINIUM OFFICES
      80 Washington St Ste, Norwalk, CT 06854-3049
      View Details
    • Value Estimation by Request
      1,020 SF

      16 Main St Ste, Unit 201

      CONDOMINIUM OFFICES
      16 Main St Ste, Norwalk, CT 06854-2981
      View Details
    • Value Estimation by Request
      2,408 SF

      80 Washington St Ste, Unit 3

      CONDOMINIUM OFFICES
      80 Washington St Ste, Norwalk, CT 06854-3049
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,900 SF

      Architecturally Significant South Norwalk Building

      Flexible building in South Norwalk for office, retail, or residential.
      10 Marshall St, Norwalk, CT 06854
      View Details
    • New
      Contact for pricing
      32,346 SF

      Downtown Norwalk Office Building

      Office building in the heart of downtown South Norwalk.
      80 Washington St, Norwalk, CT 06854
      View Details
    • Contact for pricing
      34,867 SF

      Norwalk Mixed-Use Commercial Property

      37,000 SF mixed-use property in Norwalk's SoNo district.
      17 Washington St, Norwalk, CT 06854
      View Details
    • Contact for pricing
      2,645 SF

      Furnished Office Suite For Sale

      Ready-to-use office suite in premier Norwalk location.
      200 Connecticut Ave, Norwalk, CT 06854
      View Details
    • Contact for pricing
      3,600 SF

      Norwalk Industrial/Flex Condominium For Sale

      3,600 SF industrial/flex condominium in Norwalk, CT for sale.
      15 South St, Norwalk, CT 06854
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Norwalk Office Space Available

      Office space for rent at 800 Connecticut Avenue, Norwalk.
      800 Connecticut Ave, Norwalk, CT 06854
      View Details
    • Contact for pricing
      2,630 SF

      Norwalk Office Space Available

      2,630 square feet of office space for lease.
      87 Taylor Ave, Norwalk, CT 06854
      View Details
    • Contact for pricing
      1,650 SF

      Norwalk Office Space For Rent

      Class A office space available for rent in Norwalk.
      43-73 N Main St, Norwalk, CT 06854
      View Details
    • Contact for pricing
      212,879 SF

      402,199 SF Office Complex

      Office complex with interconnected wings and a four-story atrium.
      800 Connecticut Ave, Norwalk, CT 06854
      View Details
    • Contact for pricing

      Norwalk Commercial District Office Space

      Office space in a vibrant, landmarked commercial district.
      99 Washington St, Norwalk, CT 06854
      View Details
    • Contact for pricing
      1,900 SF

      Norwalk Office Space For Rent

      2712 SF office space, divisible, ample parking, convenient location.
      20 N Main St, Norwalk, CT 06854
      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.
    32 Haviland St
    Norwalk, CT 06854
    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
    32 Haviland St, Norwalk, CT, 06854
    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!