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    224 Selleck St Stamford, CT 06902
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    224 Selleck St Stamford, CT 06902

    View on Map
    • Industrial properties
    • 14,091 SF
    • 3.02 lot acres
    Off-Market
    Property ID
    US15-0812543
    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
    $2,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United Rentals / (Bike/Boat/Book/etc) Store / Rental Equipment Company

    Property Details for 224 Selleck St

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    3.02 lot acres
    Property size
    14,091 SF
    Zone code
    MG
    Property type
    Industrial properties
    APN
    STAM M:004 B:2710
    APU
    STAMM004B2710

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,640,000
      6.5%
      $2,435,000
      7%
      $2,260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,645,000
      Market price range: $457k - $1.65M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,920,000
      Current use
      RESTAURANT
      $3,620,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,290,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,920,000
      Change: -0% Conversion: Difficult
      RETAIL STORES
      $2,620,000
      Change: -10% Conversion: Moderate
      OFFICE BUILDING
      $2,480,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5571
    Latitude
    41.0407
    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
    $116,436
    $3,748,700
    $864,450
    $4,613,150
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.59 Acres

      370 Main St

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

      72 Davenport St

      INDUSTRIAL (GENERAL) • 7.82 Acres
      72 Davenport St, Stamford, CT 06902
      View Details
    • Value Estimation
      $1,545,000
      14,812 SF

      17 Davenport St

      INDUSTRIAL (GENERAL) • 14,812 SF
      17 Davenport St, Stamford, CT 06902-6760
      View Details
    • Value Estimation
      $2,375,000
      20,076 SF

      226 Selleck St

      INDUSTRIAL (GENERAL) • 20,076 SF
      226 Selleck St, Stamford, CT 06902
      View Details
    • Value Estimation by Request
      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
      $1,000,000
      7,000 SF

      23 Brown House Rd

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

    Similar Nearby for Sale

    • Contact for pricing
      5,480 SF

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      5,480 SF industrial building, close to downtown and I-95.
      36 Ludlow St, Stamford, CT 06902
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      Retail/Flex Space For Sale

      Two buildings on a .66 acre lot with ample parking.
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      Stamford Industrial Building For Sale

      5,480 SF industrial building, ideal for owner occupant.
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      22,152 SF

      40 Warshaw Pl, Stamford, CT 06902

      Flex space • 22,152 SF
      40 Warshaw Pl, Stamford, CT 06902
      View Details
    • Contact for pricing
      22,152 SF

      Industrial Building Near I-95 Exit

      Two-story industrial building with shared dock and office space.
      40 Warshaw Pl, Stamford, CT 06902
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    Similar Nearby for Lease

    • Contact for pricing
      7,350 SF

      Industrial Space Available in Stamford

      7,350 SF industrial property for lease in Stamford, CT.
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      View Details
    • $23 SF/Yr
      3,918 SF

      Shippan Avenue Commercial Space

      3,918 sqft industrial and commercial space for lease.
      379 Shippan Avenue Ext, Stamford, CT 06902
      View Details
    • Contact for pricing
      2,765 SF

      Two-Story Warehouse/Flex Building for Lease

      42,000 SF warehouse/flex building in Stamford's Waterside neighborhood.
      17 Irving Ave, Stamford, CT 06902
      View Details
    • $3,550 /Mo
      8,454 SF

      Commercial Space with Kitchen

      Versatile commercial space with kitchen in historic district.
      859 East Main St, Bridgeport, CT 06902
      View Details
    • New
      Contact for pricing

      CT, Stamford - Main St

      Discover many ways to work your way in CT, Stamford - Main St
      750 Main St, Stamford, CT 06902
      View Details
    • Contact for pricing
      2,772 SF

      Stamford Flex/Office Building For Rent

      36,516 SF flex/office building with ample parking.
      44-90 Commerce Rd, Stamford, CT 06902
      View Details

    Property Visit Statistics

    • Visits by month
      829
    • Visitors by month
      821
    • Avg Time on site
      24 min
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    224 Selleck St
    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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