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Property profile & analytics
FOR SALE
Office buildings

40 Richards Ave Norwalk, CT 06854

141,085 SF 1.39 ac lot Built 1985
Entity Owned 6-yr Hold Free & Clear
Property ID
US15-0296728
Property summary
AI-generated overview

40 Richards Avenue in Norwalk, Connecticut, offers a prime opportunity for businesses seeking executive office space. This seven-story building boasts a total of 150,000 square feet, providing ample room for various-sized companies. The property is available for multiple tenancies, with spaces ranging from a minimum of 650 square feet to a maximum contiguous space of 19,000 square feet, offering flexibility to accommodate diverse business needs. Currently, four spaces are available. The building's convenient location at 40 Richards Ave, Norwalk, CT 06854, ensures easy access for employees and clients alike. Ample parking is provided with 403 spaces available on-site. This executive office building presents a sophisticated and efficient workspace in a desirable Connecticut location. The building's modern design and convenient amenities make it an ideal choice for businesses seeking a prestigious and functional office environment. Interested parties are encouraged to inquire about available space and lease terms.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction STEEL FRAME
Total area 141,085 SF
Lot 1.39 ac (60,548 SF)
Zoning code B1
APN NORW M:5 B:72 L:35
UPID US15-0296728
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Appliance Repair Pros of Norwalk Home Appliance Store
  • Lawson Brothers Electricians Electrical Service General Contractor
  • Quick Real Estate Funding Loan Service Bank
  • Allan F. Friedman Criminal Lawyer Law Firm
  • Chalumeau Law Group, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.68M
Owner & transaction history
40 Richards LLC · 6 yrs held
40 Richards LLC
since 2019
7 recorded transactions
2026
Price N/A
2019
Price N/A
2013
Price N/A
2013
Price N/A
2009
$1
1998
$18.6M
1995
Price N/A
Zoning & alternative use
B1 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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