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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1290 Summer St Stamford, CT 06905

    • Showrooms
    • 42,921 SF
    • 0.64 lot acres
    For Lease
    View listing
    $34 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0145330
    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

    • Julie Vasile, MD Breast Reconstruction / Plastic Surgeon / Doctor
    • Edward Shukovsky, D.M.D. / Dental Implants Periodontist / Sleep Clinic
    • Professional Physical Therapy / Physical Therapist / Physical Therapy Clinic
    • Women's Fertility Center / Fertility Clinic / Fertility Physician
    • LabCorp / Drug Testing Service / Paternity Testing Service

    Property Details for 1290 Summer St

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    0.64 lot acres
    Property size
    42,921 SF
    Zone code
    MZN
    Property type
    Showrooms
    APN
    STAM M:001 B:2745
    APU
    STAMM001B2745

    Description

    This exceptional five-story medical office building, totaling 43,000 square feet, presents a unique investment opportunity in the heart of Downtown Stamford's thriving medical submarket within Fairfield County. Built in 1981, the property boasts 118 parking spaces, ensuring convenient access for patients and staff. The building is currently configured with five suites, offering flexible floor plans ranging from a minimum of 1,100 square feet to a maximum contiguous space of 8,275 square feet. A significant 18,000 square feet of space is currently vacant, providing immediate opportunities for expansion or lease-up. The building is served by elevators and features electric power. Its convenient location offers easy access to Stamford Hospital and Tully Health Center, further enhancing its appeal. The property is zoned MZN-CI and is situated near the intersection of Summer Street and 1st Street. Modified gross lease terms are available, providing flexibility for potential tenants. Annual property taxes are $147,000. This is an excellent opportunity to acquire a well-located medical office building with significant upside potential in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5423
    Latitude
    41.0619
    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
    $147,907
    $1,243,780
    $4,616,240
    $5,860,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $880,000
      3,499 SF

      559 Newfield Ave

      SHOW ROOM, WAREHOUSE • 3,499 SF
      559 Newfield Ave, Stamford, CT 06905-3334
      View Details
    • Value Estimation
      $800,000
      3,334 SF

      1959 Summer St

      SHOW ROOM, WAREHOUSE • 3,334 SF
      1959 Summer St, Stamford, CT 06905-5020
      View Details
    • Value Estimation
      $1,075,000
      5,971 SF

      2802 Summer St

      SHOW ROOM, WAREHOUSE • 5,971 SF
      2802 Summer St, Stamford, CT 06905-4326
      View Details
    • Value Estimation
      $8,655,000
      60,450 SF

      251 Turn Of Riv Rd

      SHOW ROOM, WAREHOUSE • 60,450 SF
      251 Turn Of Riv Rd, Stamford, CT 06905-1320
      View Details
    • Value Estimation
      $1,715,000
      9,141 SF

      999 Bedford St

      SHOW ROOM, WAREHOUSE • 9,141 SF
      999 Bedford St, Stamford, CT 06905-5609
      View Details
    • Value Estimation
      $13,800,000
      107,956 SF

      2777 Summer St

      SHOW ROOM, WAREHOUSE • 107,956 SF
      2777 Summer St, Stamford, CT 06905-4318
      View Details

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    Similar Nearby for Lease

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      Stamford Retail Space Available

      Retail space for rent, convenient location in Stamford, CT.
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      Retail Space in Stamford Available

      Retail space on highly-trafficked street, close to downtown Stamford.
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      Retail Space on High Ridge

      Retail space available for lease in Stamford, Connecticut.
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      Retail Space in High-Traffic Area

      Retail space available in a busy Stamford retail corridor.
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      Retail Space on High Ridge

      Retail property with high traffic and income demographics.
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      Retail Space in Downtown Stamford

      Retail space available for lease in downtown Stamford strip mall.
      929 Bedford St, Stamford, CT 06905
      View Details
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    Stamford, CT 06905
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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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