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    975 Bridgeport Avenue Milford, CT 06460

    View on Map
    For Sale
    $100,000

    COMMERCIAL - Milford, CT

    Property size:
    4,000 SF
    Added:
    Oct 8, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 975 Bridgeport Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Interior features
    Public Restrooms,Security System,Window Display
    Exterior features
    Lighting,Pole Sign,Door Sign
    Standard status
    Active
    Size
    4,000 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Tile

    We can help!

    Listing Contact
    Jeff Grossarth

    Listing agent Jeff Grossarth License #RES.0790370

    Listing office Realty ONE Group Connect 401 Monroe Turnpike Suite E8, Monroe, CT

    Listing date Oct 8, 2025

    MLS# 24131461

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Axe Throwing Bar & Lounge

    A branded and established Crazy Horse Axe Throwing Bar & Lounge is available for purchase. The facility, located in Milford, CT, features over 4000 square feet of space with 9 custom-built axe throwing lanes. The lanes are equipped with automated digital target projection systems suitable for both beginners and pro-league throwers. In addition to axe throwing, the space offers darts, billiard tables, and hosts live bands, trivia, and karaoke. A custom-built bar area includes multiple TVs, with additional TVs located throughout the venue. A small kitchen area provides the capability to prepare small bites on site, with expansion possibilities. The venue is suitable for hosting birthday parties, bachelor/bachelorette parties, and corporate events.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dragon 168 Chinese ... Restaurant Kim's Yami Sushi Restaurant Unbank Bitcoin ATM Atm Crazy Horse Axe ... Bar & Pub Voila Wine & Liquor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bistro Mediterranean & Tapas Bar — 1015 Bridgeport Ave unit a, Milford, CT 06460
    • saedasdas — 333 Boston Post Rd, Milford, CT 06460
    • Crazy Horse Axe Throwing & Lounge — 975 Bridgeport Ave, Milford, CT 06460
    • Olive tree hookah lounge — 2007 Bridgeport Ave, Milford, CT 06460
    • Casey's Irish Pub — 2019 Bridgeport Ave, Milford, CT 06460

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0725824
    Latitude
    41.2149445

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    FAQs

    What type of property is this?
    Bar & Pub - Branded bar and lounge with axe throwing lanes for sale.
    Where is this bar & pub located?
    The property is located at 975 Bridgeport Avenue Milford, CT.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Established, branded Crazy Horse Axe Throwing Bar & Lounge business, ready to go.; Prime Milford CT location with high visibility and easy highway access.; **4000+ sq ft facility featuring 9 custom axe throwing lanes with automated digital target projection.**
    (203) 209-9037
    We can help!
    Listing Contact
    Jeff Grossarth
    Real Estate License ID: RES.0790370
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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