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    99 Prospect St, Unit 1B Stamford, CT 06901
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    99 Prospect St, Unit 1B Stamford, CT 06901

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    • Office properties & Spaces
    • 1,750 SF
    For Sale
    $425,000
    View Listing →
    Downtown Stamford Office Suite For Sale
    $425,000
    1,750 SF

    Downtown Stamford Office Suite

    Versatile office suite in downtown Stamford with functional workspace.

    99 Prospect Street #1B, Stamford, CT 6901
    View Listing
    Property ID
    US15-0388429
    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

    • John M. Glover Insurance Agency / Insurance Agency
    • MAKAR DENTAL / Dental Office
    • Dent Plus Family Dentistry: Ivan Makar, DDS / Dental Office
    • Dent Plus Family Dentistry / Dental Office
    • Best Dental Smiles / Dental Office

    Property Details for 99 Prospect St

    Year built
    1965
    Construction
    STEEL FRAME
    Property size
    1,750 SF
    Zone code
    RH
    Property type
    Office properties & Spaces
    APN
    STAM M:003 B:5640 U:P-1B
    APU
    STAMM003B5640UP1B

    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
    -73.5369
    Latitude
    41.0577
    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
    $4,629
    $0.00
    $183,410
    $183,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $780,000
      7,500 SF

      112 Prospect St Sta, Unit A

      CONDOMINIUM OFFICES • 7,500 SF
      112 Prospect St Sta, Stamford, CT 06901-1207
      View Details
    • Value Estimation by Request
      3,865 SF

      258 Atlantic St, Unit 2

      CONDOMINIUM OFFICES • 3,865 SF
      258 Atlantic St, Stamford, CT 06901-3505
      View Details
    • Value Estimation
      $2,845,000
      22,500 SF

      57 Broad St

      CONDOMINIUM OFFICES • 22,500 SF
      57 Broad St, Stamford, CT 06901-2309
      View Details
    • Value Estimation
      $1,065,000
      8,777 SF

      258 Atlantic St, Unit 1

      CONDOMINIUM OFFICES • 8,777 SF
      258 Atlantic St, Stamford, CT 06901-3505
      View Details
    • Value Estimation by Request

      20 Summer St

      Office Units
      20 Summer St, Stamford, CT 06901
      View Details
    • Value Estimation
      $27,505,000
      187,179 SF

      707 Washington Blvd, Unit B2

      CONDOMINIUM OFFICES • 187,179 SF
      707 Washington Blvd, Stamford, CT 06901-3729
      View Details

    Similar Nearby for Sale

    • 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
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    • $230,000

      Stamford Office Condo For Sale

      Office condo in Stamford, close to transportation and amenities.
      700 Summer St, Stamford, CT 06901
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    • $230,000
      986 SF

      Stamford Office Condo For Sale

      Office condo in Stamford, close to transportation and amenities.
      700 Summer St, Stamford, CT 06901
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    • $425,000
      1,750 SF

      Downtown Stamford Office Suite

      Versatile office suite in downtown Stamford with functional workspace.
      99 Prospect 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
    • $97,000

      Turnkey Salon in Stamford, CT

      Fully equipped, operating unisex beauty salon with hair and beauty services.
      100 Greyrock Pl, Stamford, CT 06901
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Stamford Office Space Available

      Office space for lease in a prime downtown location.
      29 Bank St, Stamford, CT 06901
      View Details
    • $2,500 /Mo
      1,400 SF

      Downtown Stamford Office Space Available

      Bright, renovated office space in prime downtown Stamford location.
      482 Summer St, Stamford, CT 06901
      View Details
    • Contact for pricing
      10,329 SF

      Stamford Office Space for Rent

      Office space with amenities and access to Mill River Park.
      1055 Washington Blvd, Stamford, CT 06901
      View Details
    • $38 SF/Yr
      11,473 SF

      Penthouse Office Space For Rent

      Office space with 24/7 security and garage parking.
      243 Tresser Blvd, Stamford, CT 06901
      View Details
    • New
      Contact for pricing

      One Stamford Plaza

      Meet, work or collaborate in our professional One Stamford Plaza business center
      263 Tresser Blvd, Stamford, CT 06901
      View Details
    View Listing
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    99 Prospect St, Unit 1B
    Stamford, CT 06901
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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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