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    1903 Post Rd Fairfield, CT 06824-5753
    Property profile & analytics

    1903 Post Rd, Fairfield, CT 06824-5753

    View on Map
    • Showrooms
    • 6,762 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Nov 9, 2023
    $3,125,000
    Property ID
    US15-0405707
    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
    $3,105,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Custom Meats / Take-out & Catering / Butcher
    • Isabelle et Vincent / Bakery / Specialty Food Shop
    • The Incentives Management Group, The IM Group / Business To Business Service
    • Grace Keniston / Accounting Firm / Tax Preparation

    Property Details for 1903 Post Rd

    Year built
    1924
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Zone code
    DCD
    Property type
    Showrooms
    APN
    FAIR M:180 B:199
    APU
    FAIRM180B199

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2023 $3,125,000 Strawberry Hill Rlty LLC K 1903 Post Rd LLC Warranty Deed $2.2M · First County Bank
    Dec 8, 2021 — K 1903 Post Road LLC — Deed · related $250k · Fairfield County Bank
    Jun 4, 2009 — K 1903 Post Road LLC — Deed Of Trust · related $1.6M · Bank Of Fairfield
    Jun 30, 2006 $2,000,000 K 1903 Post Road LLC At Home INC Grant Deed $1M · Zions First National Bank
    Jul 3, 2002 $960,000 At Home INC Fpg Realty Assoc LLP Warranty Deed $731k · Ridgefield Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,065,000
      ML approach
      $3,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,112,000
      Market price range: $1.15M - $3.09M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,070,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2651
    Latitude
    41.1407
    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
    2024
    $40,933
    $892,290
    $574,840
    $1,467,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,505,000
      15,216 SF

      1262 Post Rd

      SHOW ROOM, WAREHOUSE
      1262 Post Rd, Fairfield, CT 06824-6010
      View Details
    • Value Estimation
      $1,325,000
      20,071 SF

      1189 Post Rd

      SHOW ROOM, WAREHOUSE
      1189 Post Rd, Fairfield, CT 06824-6046
      View Details
    • Value Estimation
      $620,000
      7,464 SF

      88 Bch Rd

      SHOW ROOM, WAREHOUSE
      88 Bch Rd, Fairfield, CT 06824-6002
      View Details
    • Value Estimation
      $3,420,000
      98,976 SF

      2070 Kings Hwy

      SHOW ROOM, WAREHOUSE
      2070 Kings Hwy, Fairfield, CT 06824-6151
      View Details
    • Value Estimation
      $1,790,000
      34,344 SF

      2260 Kings Hwy

      SHOW ROOM, WAREHOUSE
      2260 Kings Hwy, Fairfield, CT 06824-6100
      View Details
    • Value Estimation
      $4,300,000
      128,689 SF

      1296 Kings Hwy Cutoff

      SHOW ROOM, WAREHOUSE
      1296 Kings Hwy Cutoff, Fairfield, CT 06824-5254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,904 SF

      Fairfield Office or Retail Space

      Professional office or retail space near downtown Fairfield.
      2-6 Sherman Ct, Fairfield, CT 06824
      View Details
    • $1,100,000
      2.65 Acres

      Fairfield Land Parcel Opportunity

      2.65-acre lot approved for a 5-bedroom residence.
      22 Brett Rd, Fairfield, CT 06824
      View Details
    • Contact for pricing
      Pending

      Art & Pottery Studio Business

      Thriving art and pottery studio business with two established locations.
      Mill Plain Rd, Fairfield, CT 06824
      View Details
    • Contact for pricing
      18,343 SF

      Approved Apartment Conversion Plans Included

      Two-story building with approved plans for 18-unit apartment conversion.
      60 Katona Dr, Fairfield, CT 06824
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,000 SF

      Downtown Fairfield Office/Retail Space

      Office/retail space in downtown Fairfield, near transportation.
      63 Unquowa Rd, Fairfield, CT 06824
      View Details
    • Contact for pricing
      1,020 SF

      Downtown Fairfield Retail Space

      Retail space in the heart of downtown Fairfield.
      1410-1424 Post Rd, Fairfield, CT 06824
      View Details
    • Contact for pricing
      715 SF

      Fairfield Retail Space Available

      Retail space available for lease in Fairfield, Connecticut.
      1919-2009 Black Rock Tpke, Fairfield, CT 06824
      View Details
    • Contact for pricing
      1,215 SF

      Retail Space in Fairfield County

      Premier location with ample parking, retail, office, and residential space.
      1125-1129 Post Rd, Fairfield, CT 06824
      View Details
    • Contact for pricing
      4,152 SF

      Retail Space in Kings Crossing

      Retail space available in Whole Foods anchored shopping center.
      334-346 Grasmere Ave, Fairfield, CT 06824
      View Details
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    Fairfield, CT 06824-5753
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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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