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    Property profile & analytics

    883 Black Rock Tpke Fairfield, CT 06825

    • Showrooms
    • 8,937 SF
    • 0.48 lot acres
    For Lease
    View listing
    $775 /Mo
    Last Sale
    Dec 20, 2023
    $1,950,000
    Value Estimations
    $1,945,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0457954
    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

    • Ury & Moskow, L.L.C. / Law Firm
    • David H Dworski Law Offices / Law Firm
    • Law office of Lori M. Dion, LLC / Law Firm
    • Fairfield Family Health / Physician
    • Dr. Jaquel Patterson / Physician

    Property Details for 883 Black Rock Tpke

    Year built
    1979
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    8,937 SF
    Zone code
    NDD
    Property type
    Showrooms
    APN
    FAIR M:79 B:320
    APU
    FAIRM79B320

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,910,000
      ML approach
      $1,840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,073,000
      Market price range: $1.38M - $4.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.236
    Latitude
    41.1708
    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
    2024
    $35,220
    $526,400
    $735,980
    $1,262,380
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,265,000
      17,028 SF

      1968 Black Rock Tpke

      SHOW ROOM, WAREHOUSE • 17,028 SF
      1968 Black Rock Tpke, Fairfield, CT 06825-3543
      View Details
    • Value Estimation
      $3,540,000
      14,104 SF

      435 Commerce Dr

      SHOW ROOM, WAREHOUSE • 14,104 SF
      435 Commerce Dr, Fairfield, CT 06825-5562
      View Details
    • Value Estimation
      $5,565,000
      38,400 SF

      500 Kings E Hwy

      SHOW ROOM, WAREHOUSE • 38,400 SF
      500 Kings E Hwy, Fairfield, CT 06825-4847
      View Details
    • Value Estimation
      $725,000
      5,661 SF

      2171 Black Rock Tpke

      SHOW ROOM, WAREHOUSE • 5,661 SF
      2171 Black Rock Tpke, Fairfield, CT 06825-3244
      View Details
    • Value Estimation
      $670,000
      3,907 SF

      1733 Black Rock Tpke

      SHOW ROOM, WAREHOUSE • 3,907 SF
      1733 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Value Estimation
      $560,000
      3,361 SF

      2115 Black Rock Tpke

      SHOW ROOM, WAREHOUSE • 3,361 SF
      2115 Black Rock Tpke, Fairfield, CT 06825-3551
      View Details

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    • Contact for pricing
      43,824 SF

      Fairfield Redevelopment Opportunity on Route 58

      Three-story, 43,824 SF building with redevelopment potential in Fairfield, CT.
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      6,568 SF

      New CityMD NNN Investment

      New 10-year NNN lease with corporate guarantee.
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    • $320,000
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      Black Rock Turnpike Retail Opportunity

      Retail business opportunity on Black Rock Turnpike for sale.
      2155 Black Rock Tpke, Fairfield, CT 06825
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      21,921 SF

      Fairfield Industrial Building For Sale

      21,921 SF industrial building on 1.37 acres for sale.
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      6,568 SF

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      High-yield NNN lease, prime location.
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      Commercial property with high visibility and convenient access.
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    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Fairfield Retail Space on Turnpike

      Grocery store anchored shopping center retail space for rent.
      2228-2320 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      4,047 SF

      Fairfield Retail Space For Lease

      Prime Fairfield location, multiple suites available.
      2317 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      2,209 SF

      Fairfield Retail Space For Rent

      Retail space available in affluent Fairfield County, Connecticut.
      2181-2233 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      12,765 SF

      Fairfield Retail Space Available

      Retail space available for lease in Fairfield, Connecticut.
      1919-2009 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      158,000 SF

      Stillson Plaza Retail Space Available

      Prime Fairfield, CT Retail Opportunity
      2228 Black Rock Tpke, Fairfield, CT 06825
      View Details
    • Contact for pricing
      52,180 SF

      Retail Space Near Train Station

      Retail space with parking near Fairfield Metro train station.
      40 Black Rock Tpke, Fairfield, CT 06825
      View Details
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    Fairfield, CT 06825
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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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