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    Property profile & analytics

    35 Corporate Dr Trumbull, CT 06611

    • Showrooms
    • 58,817 SF
    • 4.70 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0907767
    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

    • Allergy And Asthma Care / Allergist / Medical Office
    • Oracle / Software Company
    • Gregory Kline / Life Insurance Agency / Insurance Agency
    • Herman Olivera-Transformational Coaching and Shamanic Healing / Business Management Consultant / Business To Business Service
    • Lisa Cervin / Insurance Agency / Auto Insurance Agency

    Property Details for 35 Corporate Dr

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    4.70 lot acres
    Property size
    58,817 SF
    Zone code
    IL2
    Property type
    Showrooms
    APN
    TRUM M:E-01 L:00033 U:000
    APU
    TRUMME01L00033U000

    Description

    This exceptional three-story medical office building, located at 35 Corporate Drive in Trumbull, Connecticut (zip code 06611), offers a unique opportunity for medical professionals. The building totals 58,817 square feet and boasts a striking three-story atrium filled with natural light and abundant greenery. Currently, there are multiple suites available, ranging from a minimum of 6,177 square feet to a maximum contiguous space of 11,402 square feet, with a total of 42,840 square feet currently vacant. The building was constructed in 1987 and features elevators for convenient access to all three floors. Its prime location on Corporate Drive provides exceptional accessibility, with direct access to the Monroe Turnpike, less than one mile to the Route 25 connector, and only 5.5 miles to the Merritt Parkway. This property is situated in the Fairfield County submarket, specifically within the Fairfield County/Westchester County cluster, offering excellent visibility and convenient access for patients and staff. The building currently houses established medical practices, creating a collaborative and thriving medical environment. This is an ideal opportunity to establish or expand your medical practice in a highly desirable and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,435,000
      Market price range: $1.44M - $7.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Trumbull
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2253
    Latitude
    41.2971
    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
    2022
    $82,903
    $898,450
    $1,499,680
    $2,398,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      16,930 SF

      6540 Main St

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    • Value Estimation
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      64,644 SF

      40 Oakview Dr

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      40 Oakview Dr, Trumbull, CT 06611-4724
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    • Value Estimation
      $2,820,000
      16,478 SF

      111 Merritt Blvd

      SHOW ROOM, WAREHOUSE • 16,478 SF
      111 Merritt Blvd, Trumbull, CT 06611
      View Details
    • Value Estimation
      $605,000
      9,086 SF

      165 Monroe Tpke

      SHOW ROOM, WAREHOUSE • 9,086 SF
      165 Monroe Tpke, Trumbull, CT 06611-1305
      View Details
    • Value Estimation
      $1,795,000
      43,870 SF

      12 Cambridge Dr

      SHOW ROOM, WAREHOUSE • 43,870 SF
      12 Cambridge Dr, Trumbull, CT 06611-4764
      View Details

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      0.58 acre approved building lot ready for your dream home.
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      Trumbull Office/Medical Space Available

      Office and medical space for rent in Trumbull, CT.
      35 Corporate Dr, Trumbull, CT 06611
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    • $2,600 /Mo
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      Modern Office Suite For Rent

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      Trumbull Office Space Available

      Office space for rent in Trumbull, Connecticut.
      55 Corporate Dr, Trumbull, CT 06611
      View Details
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    Trumbull, CT 06611
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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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