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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Riversville Rd, Unit 3 Greenwich, CT 06831

    • Medical offices
    • 11,208 SF
    • 0.61 lot acres
    For Lease
    View listing
    $6,892 /Mo
    Value Estimations
    $415,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0638324
    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

    • Christopher Mah / Chiropractor
    • Center for Discovery - Greenwich / Eating Disorder Treatment Center / Mental Health Service
    • Cerrah Mendelsohn, MD / Doctor
    • Dr. Puglisi / Internist
    • STEVEN P. MICKLEY, MD / Internist

    Property Details for 7 Riversville Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.61 lot acres
    Property size
    11,208 SF
    Zone code
    LBR-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    GREE M:09 B:2961/S
    APU
    GREEM09B2961S

    Description

    This exceptional retail space, located at 7 Riversville Rd in Greenwich, Connecticut, offers a fantastic opportunity for businesses seeking a prominent presence in a thriving community. The property, known as 7 Riversville, is a single-suite commercial building totaling 10,560 square feet, with 2,013 square feet currently available for lease. Situated in Fairfield County, this location benefits from high visibility and easy access for customers. The property's convenient location within the community of Greenwich ensures strong foot traffic and excellent exposure. The building's single-suite configuration provides a unique opportunity for a business seeking a large, adaptable space. The address is 7 Riversville Road, Greenwich, CT 06831. This property is classified as retail commercial space with multiple tenancy potential. The property's geographic coordinates are latitude 41.0389874 and longitude -73.6642442. This presents a rare chance to establish or expand a business in a highly desirable area of Greenwich. The ample square footage allows for versatile layouts to suit various business needs. Don't miss this chance to secure a prime retail location in a vibrant and affluent community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.6642
    Latitude
    41.039
    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
    $26,513
    $1,130,150
    $1,148,350
    $2,278,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $415,000
      6,004 SF

      2 12th Dearfield Dr

      MEDICAL BUILDING • 6,004 SF
      2 12th Dearfield Dr, Greenwich, CT 06831-5335
      View Details
    • Value Estimation
      $1,155,000
      2,867 SF

      5 Oak St

      MEDICAL BUILDING • 2,867 SF
      5 Oak St, Greenwich, CT 06831-5222
      View Details
    • Value Estimation
      $305,000
      15,892 SF

      340 Pemberwick Rd

      CONDOMINIUM OFFICES • 15,892 SF
      340 Pemberwick Rd, Greenwich, CT 06831-4252
      View Details
    • Value Estimation
      $205,000
      1,976 SF

      779 Nn St

      CONDOMINIUM OFFICES • 1,976 SF
      779 Nn St, Greenwich, CT 06831-3105
      View Details
    • Value Estimation
      $585,000
      9,914 SF

      253 Glenville Rd

      OFFICE BUILDING • 9,914 SF
      253 Glenville Rd, Greenwich, CT 06831
      View Details
    • Value Estimation
      $1,320,000
      56,795 SF

      10 Glenville St

      CONDOMINIUM OFFICES • 56,795 SF
      10 Glenville St, Greenwich, CT 06831-3680
      View Details

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    Similar Nearby for Lease

    • $6,892 /Mo
      2,363 SF

      Greenwich Medical Office For Lease

      Medical office space in a thriving Greenwich community.
      7 Riversville Rd, Greenwich, CT 06831
      View Details
    • $22 SF/Yr
      14,160 SF

      Greenwich Executive Office Suites

      Prestigious Greenwich office space, flexible options.
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    • $2,500 /Mo

      Downtown Glenville Private Office Space

      Prime office space in downtown Glenville with easy access.
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    • $1,750 /Mo

      Downtown Glenville Private Office Space

      Private office space in downtown Glenville with parking.
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    • Contact for pricing
      1,995 SF

      Greenwich Office Space For Rent

      Office space available in Greenwich, CT with generator and parking.
      15 Valley Dr, Greenwich, CT 06831
      View Details
    • $2,500 /Mo

      Downtown Glenville Private Office Space

      Prime private office space in downtown Glenville with parking.
      263 Glenville Rd, Greenwich, CT 06831
      View Details
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    Greenwich, CT 06831
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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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