35 Nutmeg DrTrumbull, CT 06611

  • Office properties
  • 166,760 SF
For Lease
$10/SF/YR View listing

Property Details for 35 Nutmeg Dr

Year built
1970
Construction
STEEL FRAME
Lot size
19.40 AC
Property size (Sq ft)
166,760 SF
Property type
Office properties
Property subtype
Other office properties
APN
TRUM M:K-09 L:00016 U:001
APU
TRUMMK09L00016U001

Description

This exceptional 4,684 square foot office space is available for sublease at 35 Nutmeg Drive in Trumbull, Connecticut, within the desirable Trumbull Office Park. The single-tenant space offers a functional and efficient layout, perfectly suited for a variety of businesses. Currently configured with five private offices, a dedicated conference room, a comfortable break room, and a welcoming reception area, this space provides ample room for both individual work and collaborative efforts. The property is located in Fairfield County, Connecticut, with the precise address being 35 Nutmeg Drive, Trumbull, CT 06611. The sublease term extends through May 31, 2029. A significant incentive is currently being offered: a reduced base rent of $7.50 per square foot for the first year, in addition to building expenses. This represents a compelling opportunity to secure high-quality office space in a prime location at a highly competitive rate. The building itself is well-maintained and situated within a thriving office park environment. This is an ideal space for a company seeking a move-in ready solution with a strong value proposition. The property is easily accessible and offers convenient amenities. Don't miss this chance to establish your business in this attractive and functional office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $27,570,410
    6.5%
    $25,449,608
    7%
    $23,631,780
  • Comparable approach

    Method
    Valuation
    Relative Method
    $21,788,862
    Geo Method
    $21,788,862
  • Alternative Use

    Use
    Valuation
    Residential
    $31,557,514
    Hospitality
    $28,906,514
    Educational
    $24,049,880
    Medical
    $24,876,992
    Retail
    $37,410,924
35 Nutmeg Dr, Trumbull, Connecticut

Location Insight

City
Trumbull
County
Fairfield
State
Connecticut
Latitude
41.2398
Longitude
-73.1489
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
2022
$257,388
-
$7,394,940
$7,394,940
-
-
-
-

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