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    100 State Route 37 New Fairfield, CT 06812
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    Property profile & analytics

    100 State Route 37 New Fairfield, CT 06812

    View on Map
    • Showrooms
    • 19,929 SF
    • 1.65 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Retail and Office Center For Lease
    $20 SF/Yr
    19,929 SF

    Retail and Office Center

    Retail and office spaces available in New Fairfield, CT.

    100 State Route 37, New Fairfield, CT 6812
    View Listing
    Property ID
    US15-0962745
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 100 State Route 37

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.65 lot acres
    Property size
    19,929 SF
    Zone code
    C
    Property type
    Showrooms
    APN
    NFAI M:19 B:15 L:23A
    APU
    NFAIM19B15L23A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,319,000
      Market price range: $1.93M - $3.93M
      AI Estimate
      $2,304,000
      Market price range: $1.30M - $4.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,890,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,830,000
      Change: +33% Conversion: Moderate
      RETAIL STORES
      $3,705,000
      Change: +28% Conversion: Easy
      OFFICE BUILDING
      $2,600,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4869
    Latitude
    41.4677
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,975
    $232,100
    $1,601,000
    $1,833,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,230,000
      5,908 SF

      96 State Rte 37

      SHOW ROOM, WAREHOUSE • 5,908 SF
      96 State Rte 37, New Fairfield, CT 06812-4034
      View Details
    • Value Estimation by Request
      4,776 SF

      90 State Rte 39

      SHOW ROOM, WAREHOUSE • 4,776 SF
      90 State Rte 39, New Fairfield, CT 06812-4033
      View Details
    • Value Estimation
      $925,000
      14,476 SF

      6 Sylvan Rd

      SHOW ROOM, WAREHOUSE • 14,476 SF
      6 Sylvan Rd, New Fairfield, CT 06812-5117
      View Details
    • Value Estimation
      $850,000
      3,968 SF

      55 Lk N Dr

      SHOW ROOM, WAREHOUSE • 3,968 SF
      55 Lk N Dr, New Fairfield, CT 06812-3432
      View Details
    • Value Estimation
      $2,255,000
      11,298 SF

      130 State Rte 37

      SHOW ROOM, WAREHOUSE • 11,298 SF
      130 State Rte 37, New Fairfield, CT 06812-4013
      View Details
    • Value Estimation by Request
      8,000 SF

      4 Cotton Tail Rd

      SHOW ROOM, WAREHOUSE • 8,000 SF
      4 Cotton Tail Rd, New Fairfield, CT 06812-4064
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,060 SF

      Versatile Commercial Space For Sale

      Commercial space with warehouse, shop, retail, and office areas.
      52 Gillotti Rd, New Fairfield, CT 06812
      View Details
    • $399,000
      572 SF

      New Fairfield Commercial Condo Opportunity

      Commercial condo ideal for owner-operator or new business venture.
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      993 SF

      Retail/Office End Unit For Sale

      Commercial end unit suitable for retail or office use.
      88 State Route 37, New Fairfield, CT 06812
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    • $150,000
      1.04 Acres

      New Fairfield Vacant Lot

      1.04-acre vacant lot in desirable New Fairfield, Connecticut.
      5 Hewlett Rd, New Fairfield, CT 06812
      View Details
    • $150,000

      Corner Lot Near Candlewood Lake

      1.55 acre corner lot across from Candlewood Lake.
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    • $1,900,000

      Renovated Flex Building with Offices

      Flex building with garage bays and renovated office spaces for sale.
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,500 SF

      New Fairfield Flex Space Available

      4,500 SF flex space suitable for warehouse or retail.
      3 Dunham Dr, New Fairfield, CT 06812
      View Details
    • Contact for pricing
      420 SF

      Retail and Office Space Available

      Retail, office, and multi-use space for lease in New Fairfield.
      1 Saw Mill Rd, New Fairfield, CT 06812
      View Details
    • $2,000 /Mo
      993 SF

      Retail/Office End Unit For Lease

      Commercial end unit suitable for retail or office use.
      88 State Route 37, New Fairfield, CT 06812
      View Details
    • Contact for pricing

      Prime Retail and Office Space

      Sought-after retail and business location in New Fairfield, CT.
      100 Ct-37, New Fairfield, CT 06812
      View Details
    • $20 SF/Yr
      19,929 SF

      Retail and Office Center

      Retail and office spaces available in New Fairfield, CT.
      100 State Route 37, New Fairfield, CT 06812
      View Details
    • $4,500 /Mo
      4,060 SF

      Versatile Commercial Space with Equipment

      Commercial space with warehouse, shop, retail, office, and equipment.
      52 Gillotti Rd, New Fairfield, CT 06812
      View Details
    View Listing
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    New Fairfield, CT 06812
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    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
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    100 State Route 37, New Fairfield, CT, 06812
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