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

    2876 Main St Stratford, CT 06614

    • Office buildings
    • 27,458 SF
    • 1.95 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Jun 02, 2023
    $4,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0597090
    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

    • Dr. Robert C. Landis, MD / Pediatrician
    • Pediatric Healthcare Associates / Pediatrician / Doctor
    • Amanda Rodriguez-Murphy, MD / Pediatrician
    • Dr. Navyn Naran, MD / Pediatrician
    • Advanced Radiology Consultants - Stratford / Medical Diagnostic Imaging Center / Medical Clinic

    Property Details for 2876 Main St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.95 lot acres
    Property size
    27,458 SF
    Zone code
    E-12
    Property type
    Office buildings
    APN
    STRA M:40-10 B:8 L:2
    APU
    STRAM4010B8L2

    Description

    This exceptional medical office building, the Stratford Medical Arts Center, presents two prime lease opportunities totaling 31,184 square feet. Located at 2876 Main Street in Stratford, Connecticut, 06614, this Class B building boasts a convenient location just off I-95, Exit 33, in a high-density medical area. Built in 1963 and extensively renovated in 2014, the two-story building offers suites of 2,614 square feet and 1,388 square feet, with a minimum divisible space of 1,388 square feet. The property features a 9-foot ceiling height and ample parking with 117 spaces available. The 1.95-acre site is zoned E-12, ensuring flexibility for various medical uses. Benefit from high visibility on Main Street, which sees over 19,000 vehicles daily. The lease rate is $27 per square foot, modified gross, plus utilities and interior cleaning. This is an excellent opportunity for medical professionals seeking a well-maintained, conveniently located space in a thriving medical community. The building is professionally managed, ensuring a smooth and efficient operational experience.

    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
    -73.1303
    Latitude
    41.1998
    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
    $123,540
    $594,580
    $2,478,560
    $3,073,140
    -
    $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
      3,808 SF

      3380 Main St

      OFFICE BUILDING • 3,808 SF
      3380 Main St, Stratford, CT 06614-4860
      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
      $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

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    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
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    • $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
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      Versatile Retail or Office Space

      700 SF commercial space suitable for retail or office.
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      View Details
    • $16 SF/Yr
      26,850 SF

      Stratford Office Condo For Lease

      First floor office condo with flexible layout and easy access.
      2900 Main St, Stratford, CT 06614
      View Details
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    2876 Main St
    Stratford, CT 06614
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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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