418 Meadow StFairfield, CT 06824
- Office properties
- 478 SF
Property Details for 418 Meadow St
- Year built
- 1989
- Property size (Sq ft)
- 478 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- FAIR M:128 B:184 L:1
- APU
- FAIRM128B184L1
Description
This exceptional Fairfield, CT property offers 24,305 square feet of Class A office and warehouse space in a two-story building, built in 1989, situated on a 1.05-acre lot. The property is zoned DI and features two suites available, with a minimum divisible space of 2,300 square feet and a maximum contiguous space of 3,228 square feet. Currently, 5,528 square feet are vacant. Suite 202 (2,300 sq ft) is available for sublease until June 30, 2027, with potential extension, offering five private offices, an open office area, a conference room, and two restrooms. Suite 203 (3,228 sq ft) is available for lease and includes a reception area, six private offices, a kitchenette, a private restroom, and open office areas. Both suites boast modern amenities including AtmosAir™ Indoor Environmental Purification Systems. Building amenities include central air conditioning, a wet sprinkler system, and a security alarm system. Sixty parking spaces are available for shared use. The location provides convenient access to I-95 (Exits 23 & 24) and the Fairfield Metro Train Station (half a mile away), as well as numerous nearby amenities including Staples, Home Depot, Whole Foods Market, and more. Lease rates start at $23 per square foot gross plus utilities (sublease) and $25 per square foot gross plus utilities (lease).
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $79,028
- 6.5%
- $72,949
- 7%
- $67,738
-
Comparable approach
- Method
- Valuation
- Relative Method
- $62,455
- Geo Method
- $62,455
-
Alternative Use
- Use
- Valuation
- Residential
- $90,456
- Hospitality
- $82,857
- Educational
- $68,936
- Medical
- $71,307
- Retail
- $107,234
Location Insight
- City
- Fairfield
- County
- Fairfield
- State
- Connecticut
- Latitude
- 41.1629
- Longitude
- -73.2389
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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