11 Commerce StNorwalk, CT 06850

Property Details for 11 Commerce St

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

10,322 SF

Zone code

CBDC

Property type

Office buildings

APN

NORW M:1 B:22 L:3

APU

NORWM1B22L3

Description

The Harbor Building, located at 11 Commerce Street in Norwalk, Connecticut (zip code 06850), offers exceptional office space in Fairfield County. This traditional office building features two suites available for lease, providing a total of 6,600 square feet of vacant space. Each suite offers flexibility, with one measuring approximately 3,279 square feet and the other approximately 3,370 square feet. The suites are fully divisible to accommodate various business needs and sizes. The building is a multi-tenant property, fostering a collaborative and professional environment. On-site parking is provided for the convenience of tenants and their clients. This prime location in Norwalk offers easy access to major transportation routes and amenities, making it an ideal choice for businesses seeking a productive and well-situated workspace. The property is categorized as a traditional office building, offering a classic and functional office experience. This presents a unique opportunity to secure high-quality office space in a desirable Connecticut location. Interested parties should inquire for further details and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $1,706,535

  6.5%

  $1,575,263

  7%

  $1,462,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,348,672

  Geo Method

  $1,348,672

• Alternative Use

  Use

  Valuation

  Residential

  $1,953,326

  Hospitality

  $1,789,236

  Educational

  $1,488,624

  Medical

  $1,539,820

  Retail

  $2,315,636

Location Insight

City

Norwalk

County

Fairfield

State

Connecticut

Latitude

41.1178

Longitude

-73.4119

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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