418 Meadow StFairfield, CT 06824

  • Office properties
  • 478 SF
For Sale

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
418 Meadow St, Fairfield, Connecticut

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

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
$1,970
-
$71,610
$71,610
-
-
-
-

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