Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    398 Fairfield Ave Stamford, CT 06902-7549
    Back to Search
    Property profile & analytics

    398 Fairfield Ave, Stamford, CT 06902-7549

    View on Map
    • Investment properties
    • 0.40 lot acres
    Off-Market
    Property ID
    US15-0691399
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New England School of Home Inspection, LLC / Vocational School / Training Center

    Property Details for 398 Fairfield Ave

    Lot size
    0.40 lot acres
    Zone code
    MG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    STAM M:000 B:6073
    APU
    STAMM000B6073

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2022 — 398 Fairfield Avenue LLC — Deed · related $2.1M · First Bank Of Greenwich
    Mar 31, 2017 — 398 Fairfield Avenue L — Deed · related $1.1M · Patriots Bank
    Nov 1, 2006 $1,525,000 398 Fairfield Avenue LLC Ruddy,john N Warranty Deed $25k · Washington Mutual Bank
    Oct 2, 2003 $100,000 John C Ruddy Dolce,nicholas M Warranty Deed —
    — — 398 Fairfield Ave LLC — Deed Of Trust · related $65k · Ct Cmnty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5509
    Latitude
    41.0375
    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
    $44,958
    $698,740
    $1,082,480
    $1,781,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.30 Acres

      355 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      355 Main St, Stamford, CT 06902-5019
      View Details
    • Value Estimation by Request
      0.40 Acres

      302 Shippan Ave, Unit 312

      OFFICE/RESIDENTIAL (MIXED USE)
      302 Shippan Ave, Stamford, CT 06902-0608
      View Details
    • Value Estimation by Request
      0.16 Acres

      158 Stillwater Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      158 Stillwater Ave, Stamford, CT 06902-4864
      View Details
    • Value Estimation by Request
      0.46 Acres

      37 Diaz St

      OFFICE/RESIDENTIAL (MIXED USE)
      37 Diaz St, Stamford, CT 06902-5608
      View Details
    • Value Estimation by Request
      0.23 Acres

      126 Maple Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      126 Maple Ave, Stamford, CT 06902-4080
      View Details
    • Value Estimation by Request
      0.33 Acres

      902 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      902 Main St, Stamford, CT 06902-4033
      View Details

    Similar Nearby for Sale

    • $1,025,000
      3,756 SF

      Stamford Mixed-Use Commercial Building

      Mixed-use building with retail space and apartments in Stamford.
      63 Selleck St, Stamford, CT 06902
      View Details
    • $3,000,000

      Mixed-Use Property For Sale

      Two buildings on a .66 acre lot with income.
      11-15 Virgil St, Stamford, CT 06902
      View Details
    • $1,099,999
      8,454 SF

      Mixed-Use Redevelopment Opportunity

      Approved mixed-use project with apartments and retail spaces.
      859 East Main St, Bridgeport, CT 06902
      View Details
    • Contact for pricing
      1,888 SF

      Two Multifamily Properties With Parking

      Two adjacent multifamily properties with value-add opportunity in Stamford, CT.
      39 Ann St, Stamford, CT 06902
      View Details
    • $2,499,000
      5,760 SF

      New Multifamily Investment Property

      New construction multifamily property near Stamford Train Station.
      281 Greenwich Ave, Stamford, CT 06902
      View Details

    Similar Nearby for Lease

    • $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

      Retail/Flex Space For Rent

      Mixed-use property with retail, flex, and industrial space available.
      11-15 Virgil St, Stamford, CT 06902
      View Details
    • $2,300 /Mo
      1,072 SF

      Turnkey Office Space on Long Ridge

      Standalone 3-room office with walk-up attic on high-traffic road.
      241 Long Ridge Rd, Stamford, CT 06902
      View Details
    • $1,950 /Mo

      Updated Apartment Near Cove Beach

      Bright, updated 1-bedroom apartment in Stamford's desirable Cove neighborhood.
      637 Cove Rd, Stamford, CT 06902
      View Details
    • $2,600 /Mo

      Mid-City Apartment with Parking

      Two-bedroom apartment in Mid-City, near transportation and amenities.
      10 Linden Pl, Stamford, CT 06902
      View Details
    • $2,800 /Mo

      Renovated 3BR Apartment Near Train

      Modern 3-bedroom, 2-bath apartment near Stamford Train Station.
      775 Atlantic St, Stamford, CT 06902
      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.
    398 Fairfield Ave
    Stamford, CT 06902-7549
    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

    Thank You for Inquiry
    398 Fairfield Ave, Stamford, CT, 06902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!