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    Property profile & analytics

    12 Irving Ave Stamford, CT 06902

    • Industrial properties
    • 2,892 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2023
    $950,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    3.7%
    Industrial properties
    Location Intelligence
    Property ID
    US15-0305794
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 12 Irving Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    2,892 SF
    Zone code
    R5
    Property type
    Industrial properties
    APN
    STAM M:001 B:9479
    APU
    STAMM001B9479

    Description

    This exceptional 2,892 square foot freestanding industrial flex building, located at 12 Irving Avenue in Stamford, Connecticut, presents a unique opportunity. Built in 1959 and renovated in 2012, this single-tenant property sits on a 0.12-acre lot and offers convenient access to major thoroughfares. The building boasts 11'3" ceiling height to the beams and 13'6" to the deck, providing ample vertical space. Two drive-in doors, front and rear garage doors, and six parking spaces enhance functionality. The property features a rear yard and a gas line. The building enjoys approximately 150 feet of frontage on Irving Avenue, providing excellent visibility. Zoned R5, this property benefits from its location near a high traffic count area, with 10,000 vehicles per day on Selleck Street and 125,900 vehicles per day along I-95. The property's proximity to numerous businesses, including Spot On Veterinary Hospital, Hilton Stamford Hotel, Life Storage, Stamford Hospital, Concentra, K9 Pet Resorts, Davita, Stamford Health Medical Group, La Quinta Inn & Suites, SWC Office, Sportplex, Windowrama, CubeSmart, USPS, Starbucks, CVS, and Home Depot, ensures high visibility and convenient access for employees and customers. The property's address is 12 Irving Avenue, Stamford, CT 06902. The APN is 001-9479, and it is located in Fairfield County. Contact us for rental details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $688,000
      Market price range: $336k - $903k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $600,000
      Current use
      COMMERCIAL (GENERAL)
      $870,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $675,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $540,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5538
    Latitude
    41.0414
    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
    $12,087
    $330,720
    $148,150
    $478,870
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $425,000
      0.59 Acres

      370 Main St

      INDUSTRIAL (GENERAL) • 0.59 Acres
      370 Main St, Stamford, CT 06902-4712
      View Details
    • Value Estimation
      $400,000
      7.82 Acres

      72 Davenport St

      INDUSTRIAL (GENERAL) • 7.82 Acres
      72 Davenport St, Stamford, CT 06902
      View Details
    • Value Estimation
      $490,000
      20,076 SF

      226 Selleck St

      INDUSTRIAL (GENERAL) • 20,076 SF
      226 Selleck St, Stamford, CT 06902
      View Details
    • Value Estimation
      $380,000
      14,812 SF

      17 Davenport St

      INDUSTRIAL (GENERAL) • 14,812 SF
      17 Davenport St, Stamford, CT 06902-6760
      View Details
    • Value Estimation
      $275,000
      1,368 SF

      45 Cedar St Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 1,368 SF
      45 Cedar St Ste, Stamford, CT 06902-8912
      View Details
    • Value Estimation
      $335,000
      7,000 SF

      23 Brown House Rd

      INDUSTRIAL (GENERAL) • 7,000 SF
      23 Brown House Rd, Stamford, CT 06902
      View Details

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      Multifamily property in Stamford, CT, available for purchase.
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    Similar Nearby for Lease

    • $14 SF/Yr
      7,350 SF

      Industrial Space Available in Stamford

      7,350 SF industrial property for lease in Stamford, CT.
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      View Details
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      3,918 SF

      Stamford Industrial/Commercial Space For Lease

      3,918 sqft industrial/commercial space in Shippan, near I-95.
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      View Details
    • Contact for pricing
      8,469 SF

      Stamford Office/Industrial Flex Space

      42,918 SF office/industrial building on 3.04 acres for lease.
      30 Commerce Rd, Stamford, CT 06902
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    • Contact for pricing
      13,672 SF

      Stamford Flex/Office Building For Rent

      36,516 SF flex/office building with ample parking.
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      14,093 SF

      Stamford Flex/Industrial Space Available

      Flex/industrial space available for lease in Stamford, Connecticut.
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      View Details
    • Contact for pricing
      10,420 SF

      Stamford Flex/Warehouse/Office Building

      39,166 SF flex/warehouse/office building for rent.
      83 Harvard Ave, Stamford, CT 06902
      View Details
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    12 Irving Ave
    Stamford, CT 06902
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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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