4 Research DrShelton, CT 06484

Property Details for 4 Research Dr

Year built

1999

Lot size

7.18 AC

Property size (Sq ft)

148,063 SF

Zone code

PDD

Property type

Office properties

Property subtype

Office buildings

APN

SHEL M:28 L:3

APU

SHELM28L3

Description

This Class A, 12,500 square foot office building in Shelton, Connecticut, offers a variety of flexible workspace solutions. Located at 4 Research Drive, Suite 402, 06484, in Fairfield County, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features amenities including elevators and an on-site gym. Space options range from private, fully furnished offices for individuals or large companies, to custom office spaces, disaster recovery spaces, and day offices. Minimum leasable space is 10 square feet, with a maximum contiguous space of 5,000 square feet. The building is situated in a thriving business park, offering a convenient and respectable address near major corporations. Shared spaces include sociable breakout areas and a fully stocked kitchen. Tenancy is multiple, and the property caters to various business needs, including executive offices, coworking spaces, and creative office layouts. This location provides easy access to amenities and a supportive business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $24,479,236

  6.5%

  $22,596,218

  7%

  $20,982,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,345,912

  Geo Method

  $19,345,912

• Alternative Use

  Use

  Valuation

  Residential

  $28,019,310

  Hospitality

  $25,665,538

  Educational

  $21,353,426

  Medical

  $22,087,804

  Retail

  $33,216,440

Location Insight

City

Shelton

County

Fairfield

State

Connecticut

Latitude

41.2732

Longitude

-73.1332

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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