Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 Summer St Stamford, CT 06901
    Back to Search
    Property profile & analytics

    500 Summer St, Stamford, CT 06901

    View on Map
    • Showrooms
    • 30,593 SF
    • 0.36 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Renovated Office Building For Rent For Lease
    $25 SF/Yr
    2,400 SF

    Renovated Office Building For Rent

    32,053 SF office building with on-site parking available for lease.

    500 Summer St, Stamford, CT
    View Listing
    Property ID
    US15-1226370
    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

    • Daniel Warren Kerzner / Alternative Medicine Practice
    • Eyebrow Threading Salon. / Hair Salon / Nail Salon
    • Win Local / Advertising Agency / Marketing & Advertising
    • World Internet, Inc. / Tech Support Center / IT Consulting Firm
    • Shockwave Cargo Corporate / Freight Service / Logistics Company

    Property Details for 500 Summer St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Zone code
    MZN
    Property type
    Showrooms
    APN
    STAM M:001 B:1749
    APU
    STAMM001B1749

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2025 — 500 Summer Street LLC Noury Hld LLC Warranty Deed $2.5M · Noury Holding LLC
    Aug 18, 2006 $3,900,000 Noury Hldg LLC Summer Street Plz LLC Warranty Deed —
    May 10, 2005 $3,450,000 Summer Street Plz LLC 500 Summer Street LLC Warranty Deed —
    Apr 20, 1992 $2,300,000 205 Church St Corp R Ve Ptnrshp Grant Deed —

    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
    -73.5408
    Latitude
    41.0568
    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
    $59,594
    $758,160
    $1,472,170
    $2,230,330
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,485,000
      21,412 SF

      264 Atlantic St

      SHOW ROOM, WAREHOUSE
      264 Atlantic St, Stamford, CT 06901
      View Details
    • Value Estimation
      $2,175,000
      14,996 SF

      79 Atlantic St

      SHOW ROOM, WAREHOUSE
      79 Atlantic St, Stamford, CT 06901-2420
      View Details
    • Value Estimation
      $1,105,000
      5,123 SF

      219 Main St

      SHOW ROOM, WAREHOUSE
      219 Main St, Stamford, CT 06901-2918
      View Details
    • Value Estimation
      $620,000
      2,700 SF

      11 Main St

      SHOW ROOM, WAREHOUSE
      11 Main St, Stamford, CT 06901-2802
      View Details
    • Value Estimation
      $2,265,000
      11,760 SF

      191 Summer St

      SHOW ROOM, WAREHOUSE
      191 Summer St, Stamford, CT 06901-2378
      View Details
    • Value Estimation
      $17,760,000
      397,378 SF

      600 Washington Blvd

      SHOW ROOM, WAREHOUSE
      600 Washington Blvd, Stamford, CT 06901-3726
      View Details

    Similar Nearby for Sale

    • $1,099,000
      1,560 SF

      Stamford Mixed-Use Opportunity

      Mixed-use property with residential and commercial zoning in Stamford.
      117 North St, Stamford, CT 06901
      View Details
    • $3,500,000
      15,000 SF

      Historic Stamford Commercial Gem

      Downtown Stamford, 15,000 SF, Huge Potential
      258 Atlantic St, Stamford, CT 06901
      View Details
    • Contact for pricing
      900 SF

      Downtown Stamford Retail Opportunity

      Prime retail space with high foot traffic near Palace Theatre.
      79 Atlantic St, Stamford, CT 06901
      View Details
    • $1,099,000
      1,524 SF

      Stamford Mixed-Use Opportunity

      Versatile property with residential and commercial zoning in Stamford.
      117 North St, Stamford, CT 06901
      View Details
    • Contact for pricing
      7,500 SF

      Upscale Office Space Available

      7500 SF contemporary office space with high-end finishes.
      112 Prospect St, Stamford, CT 06901
      View Details
    • $225,000
      590 SF

      Prime Location Office Condo

      Office condo with low common charges in a prime location.
      700 Summer St, Stamford, CT 06901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space in Stamford, CT

      Divisible retail space in high-traffic Stamford corridor.
      130 Broad St, Stamford, CT 06901
      View Details
    • Contact for pricing
      1,525 SF

      Stamford Retail Space Available

      Retail space available for lease in Stamford, Connecticut.
      94-128 Bedford St, Stamford, CT 06901
      View Details
    • Contact for pricing
      1,695 SF

      Retail Space in Stamford, CT

      Retail space available for lease in Stamford, Connecticut.
      95 Bedford St, Stamford, CT 06901
      View Details
    • Contact for pricing
      450 SF

      Downtown Stamford Bank Space Available

      Bank space with cathedral ceilings in downtown Stamford.
      300 Main St, Stamford, CT 06901
      View Details
    • Contact for pricing
      4,136 SF

      Downtown Stamford Retail Space Available

      Retail space in downtown Stamford with high visibility and parking.
      100 Tresser Blvd, Stamford, CT 06901
      View Details
    • Contact for pricing
      3,960 SF

      Stamford Retail Space Available

      Retail space available for lease in Stamford, Connecticut.
      422 Summer St, Stamford, CT 06901
      View Details
    View Listing
    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.
    500 Summer St
    Stamford, CT 06901
    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
    500 Summer St, Stamford, CT, 06901
    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!