Technical
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Property profile

418 Mdw St 1 Fairfield, CT 06824

OFF-MARKET
Office Spaces
Property ID
US15-0658200
478 SF Built 1989
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Fairfield, CT property offers 24,305 square feet of Class A office and warehouse space in a two-story building, built in 1989, situated on a 1.05-acre lot. The property is zoned DI and features two suites available, with a minimum divisible space of 2,300 square feet and a maximum contiguous space of 3,228 square feet. Currently, 5,528 square feet are vacant. Suite 202 (2,300 sq ft) is available for sublease until June 30, 2027, with potential extension, offering five private offices, an open office area, a conference room, and two restrooms. Suite 203 (3,228 sq ft) is available for lease and includes a reception area, six private offices, a kitchenette, a private restroom, and open office areas. Both suites boast modern amenities including AtmosAir™ Indoor Environmental Purification Systems. Building amenities include central air conditioning, a wet sprinkler system, and a security alarm system. Sixty parking spaces are available for shared use. The location provides convenient access to I-95 (Exits 23 & 24) and the Fairfield Metro Train Station (half a mile away), as well as numerous nearby amenities including Staples, Home Depot, Whole Foods Market, and more. Lease rates start at $23 per square foot gross plus utilities (sublease) and $25 per square foot gross plus utilities (lease).

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1989
Total area 478 SF
APN FAIR M:128 B:184 L:1
UPID US15-0658200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank
  • Employment Agency
  • Corporate Office
  • Corporate Office
  • City Government Office

Location

418 Mdw St, Unit 1 Fairfield, CT 06824-5364
Fairfield metro Census 61400 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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