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

    980 Hope St Stamford, CT 06907-2247

    • Showrooms
    • 4,008 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0344804
    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

    • Channel Corporation / Building Supply / Metal Fabrication Plant
    • Hope in Harmony, Inc. / Charitable Organization / Social Service Agency
    • Greenwich Arts Academy / Vocational School / Training Center
    • Dew Yoga on Hope / Gym & Fitness Center
    • Enjoy Yoga & Wellness / Gym & Fitness Center

    Property Details for 980 Hope St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    4,008 SF
    Zone code
    CN
    Property type
    Showrooms
    APN
    STAM M:001 B:0388
    APU
    STAMM001B0388

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,160,000
      Current use
      AUTO REPAIR, GARAGE
      $935,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5186
    Latitude
    41.0924
    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
    $16,839
    $438,890
    $238,460
    $677,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,515,000
      6,983 SF

      1100 Hope St

      SHOW ROOM, WAREHOUSE • 6,983 SF
      1100 Hope St, Stamford, CT 06907-1854
      View Details
    • Value Estimation
      $890,000
      5,500 SF

      34 Larkin St

      SHOW ROOM, WAREHOUSE • 5,500 SF
      34 Larkin St, Stamford, CT 06907-2701
      View Details
    • Value Estimation by Request
      1,905 SF

      27 Ryan St

      SHOW ROOM, WAREHOUSE • 1,905 SF
      27 Ryan St, Stamford, CT 06907-1810
      View Details
    • Value Estimation
      $910,000
      6,073 SF

      92 Cp Ave

      SHOW ROOM, WAREHOUSE • 6,073 SF
      92 Cp Ave, Stamford, CT 06907-1832
      View Details
    • Value Estimation
      $765,000
      4,576 SF

      681 Hope St

      SHOW ROOM, WAREHOUSE • 4,576 SF
      681 Hope St, Stamford, CT 06907-2612
      View Details
    • Value Estimation
      $525,000
      2,714 SF

      36 Larkin St

      SHOW ROOM, WAREHOUSE • 2,714 SF
      36 Larkin St, Stamford, CT 06907-2736
      View Details

    Similar Nearby for Sale

    • $1,449,900
      5,742 SF

      Turnkey Stamford Industrial/Retail Investment

      5,700 sq ft industrial/retail property in Stamford, CT for sale.
      23 Ryan St, Stamford, CT 06907
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    • $1,449,900
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      Turnkey Stamford Industrial Investment

      5,700 sq ft industrial/retail property with income potential.
      23 Ryan St, Stamford, CT 06907
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    • New
      $995,000
      2,180 SF

      Stamford Multifamily Investment Opportunity

      Well-located multifamily property near Darien-Stamford border with income potential.
      20 Cerretta St, Stamford, CT 06907
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    • Contact for pricing

      Stamford Industrial Property For Sale

      Industrial property available for purchase in Stamford, Connecticut.
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    • Contact for pricing

      Renovated Tri-Level Townhouse with Garage

      Oversized, renovated tri-level townhouse with garage in Springdale.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Stamford Retail Space Available

      Retail space available for lease in Stamford, Connecticut.
      926 Hope St, Stamford, CT 06907
      View Details
    • Contact for pricing
      2,665 SF

      Stamford Retail Space Available

      Retail space available for lease in Stamford, Connecticut.
      633 Hope St, Stamford, CT 06907
      View Details
    • $3,250 /Mo
      5,742 SF

      Stamford Office Space For Lease

      Professional office space in Stamford, offering convenience, flexibility, and visibility.
      23 Ryan St, Stamford, CT 06907
      View Details
    • $1,500 /Mo
      5,742 SF

      Stamford Flex Space For Lease

      Convenient Stamford garage space ideal for various business operations.
      23 Ryan St Unit, Stamford, CT 06907
      View Details
    • $5,250 /Mo
      2,640 SF

      Second Floor Office Space Available

      Office space with 6 offices, 2 bathrooms, and common area.
      9 Viaduct Rd, Stamford, CT 06907
      View Details
    • $16 SF/Yr
      22,575 SF

      Stamford Warehouse Space Available

      22,575 square foot warehouse space for lease in Stamford.
      86 Viaduct Rd, Stamford, CT 06907
      View Details

    Property Visit Statistics

    • Visits by month
      22.6k
    • Visitors by month
      12.2k
    • Avg Time on site
      5 min
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    980 Hope St
    Stamford, CT 06907-2247
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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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