Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1516 Barnum Ave Stratford, CT 06614-5406

    • Office buildings
    • 1,554 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0430038
    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

    • Rick LoCicero - State Farm Insurance Agent / Insurance Agency
    • State Farm Auto Insurance / Insurance Agency
    • Aflac / Insurance Agency

    Property Details for 1516 Barnum Ave

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    1,554 SF
    Zone code
    E-13
    Property type
    Office buildings
    APN
    STRA M:30-10 B:21 L:2
    APU
    STRAM3010B21L2

    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
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1402
    Latitude
    41.1959
    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
    $8,996
    $128,240
    $95,550
    $223,790
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,145,000
      20,170 SF

      6580 Main St

      OFFICE BUILDING • 20,170 SF
      6580 Main St, Stratford, CT 06614-1605
      View Details
    • Value Estimation by Request
      831 SF

      Sniffens Ln

      OFFICE BUILDING • 831 SF
      Sniffens Ln, Stratford, CT 06614
      View Details
    • Value Estimation by Request
      4,000 SF

      1681 Barnum Ave

      OFFICE BUILDING • 4,000 SF
      1681 Barnum Ave, Stratford, CT 06614-5348
      View Details
    • Value Estimation
      $610,000
      15,870 SF

      495 Hawley Ln

      OFFICE BUILDING • 15,870 SF
      495 Hawley Ln, Stratford, CT 06614-1597
      View Details
    • Value Estimation by Request
      3,808 SF

      3380 Main St

      OFFICE BUILDING • 3,808 SF
      3380 Main St, Stratford, CT 06614-4860
      View Details
    • Value Estimation
      $3,595,000
      33,584 SF

      1000 Oronoque Ln

      OFFICE BUILDING • 33,584 SF
      1000 Oronoque Ln, Stratford, CT 06614-1394
      View Details

    Similar Nearby for Sale

    • $1,685,500
      26,850 SF

      Stratford Medical/Professional Office Condos

      Investment portfolio featuring seven medical/professional office condos with upside potential.
      2900 Main St, Stratford, CT 06614
      View Details
    • $83,900

      Stonybrook Gardens Co-op with Yard

      One-bedroom co-op with private outdoor space in convenient location.
      23 Baird Ct, Stratford, CT 06614
      View Details
    • $549,000

      Stratford Specialty Property For Sale

      Specialty property available for purchase in Stratford, Connecticut.
      175 Twin Oaks Ter, Stratford, CT 06614
      View Details
    • $439,000

      Stratford Specialty Property For Sale

      Specialty property available for purchase in Stratford, Connecticut.
      81 Newton St, Stratford, CT 06614
      View Details
    • $599,900

      Harvest Ridge Specialty Property

      Specialty property available for sale on Harvest Ridge Road.
      55 Harvest Ridge Rd, Stratford, CT 06614
      View Details
    • $500,000

      Marina Drive Specialty Property

      Specialty property available for sale.
      130 Marina Dr, Stratford, CT 06614
      View Details

    Similar Nearby for Lease

    • $225,000
      5,000 SF

      Office Space in Hawley Lane

      5,000 SF office space available for sublease.
      160 Hawley Ln, Stratford, CT 06614
      View Details
    • $27 SF/Yr
      31,184 SF

      Stratford Medical Office Suites

      Medical office space for lease in Stratford, CT
      2876 Main St, Stratford, CT 06614
      View Details
    • $2,500 /Mo
      6,000 SF

      Second Floor Office Space Available

      2,000 sqft office space for rent, ample parking.
      1681 Barnum Ave, Stratford, CT 06614
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease with high traffic volume.
      355 Hawley Ln, Stratford, CT 06614
      View Details
    • $1,900 /Mo
      700 SF

      Versatile Retail or Office Space

      700 SF commercial space suitable for retail or office.
      1925 Barnum Ave, Stratford, CT 06614
      View Details
    • $16 SF/Yr
      26,850 SF

      Stratford Office Condo For Rent

      First floor office condo with flexible layout in Stratford, CT.
      2900 Main St, Stratford, CT 06614
      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.
    1516 Barnum Ave
    Stratford, CT 06614-5406
    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

    Google sign-in failed. Please try again or use another login method.