Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    651 Barnum Ave, Unit 1 Bridgeport, CT 06608

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,450 /Mo

    Recently renovated three-bedroom apartment available for rent.

    Lot size:
    0.20 Acres

    Property Features for 651 Barnum Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Lisa Nussbaum
    Source: Elliman

    Listing Agent: Lisa Nussbaum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Three Bedroom Apartment

    A recently renovated three-bedroom apartment is now available. The apartment is described as bright and clean.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1771439
    Latitude
    41.1871843

    Nearby Similar for Lease

    • $15 SF/Yr
      37,000 SF

      Bridgeport Commercial Space for Lease

      37,000 SF commercial space with offices, kitchen, and parking.
      35-69 Benham Ave, Bridgeport, CT 06605
      View Details
    • New
      $18 SF/Yr
      22,800 SF

      Commercial Space Near University Campus

      Nine-story tower with flexible office spaces and campus amenities.
      505 University Ave, Bridgeport, CT 06604
      View Details
    • $14 SF/Yr
      4,400 SF

      Retail/Shop Building in Bridgeport, CT

      4400 sq ft retail/shop building for lease in Bridgeport.
      2126 Boston Ave, Bridgeport, CT 06610
      View Details
    • $200 SF/Yr
      250 SF

      Commercial Space For Lease

      Commercial space suitable for storage or vehicle parking in Bridgeport.
      1840 Barnum Ave, Bridgeport, CT 06610
      View Details
    • $3,200 /Mo
      660 SF

      Bridgeport Commercial Space For Lease

      High-visibility corner location ideal for retail, office, or restaurant.
      986 Main St, Bridgeport, CT 06604
      View Details
    • $200 SF/Yr
      350 SF

      Bridgeport Commercial Space For Lease

      Secure garage space available for vehicle or household storage.
      1840 Barnum Ave, Bridgeport, CT 06610
      View Details
    • $1,650 /Mo

      Converted School Loft Apartment

      Unique loft apartment in converted school building near Bridgeport attractions.
      325 Myrtle Ave, Bridgeport, CT 06604
      View Details
    • $7 SF/Yr
      27,000 SF

      Bridgeport Industrial Space Available

      26,000 SF industrial space for lease in Bridgeport, CT.
      380 Horace St, Bridgeport, CT 06610
      View Details
    • $1,550 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Move-in-ready 646 SF commercial unit in Bridgeport.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $2,250 /Mo
      2,418 SF

      Stratford Avenue Commercial Space Available

      Versatile commercial spaces in a high-traffic Bridgeport location for rent.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,600 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Move-in ready 681 SF commercial unit in vibrant Bridgeport.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,550 /Mo

      Renovated Apartment Near Steelpointe Harbor

      Updated 2-bedroom apartment near waterfront amenities and transportation.
      263 Jefferson St, Bridgeport, CT 06607
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Recently renovated three-bedroom apartment available for rent.
    Where is this multifamily property located?
    The property is located at 651 Barnum Ave, Unit 1 Bridgeport, CT.
    What are key features of this property?
    This property features: - Recently renovated apartment.; - Bright 3 bedroom apartment.; - Clean apartment, available now.
    (203) 521-5339
    Request Owner's contact information
    651 Barnum Ave, Unit 1 Bridgeport, CT 06608
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    651 Barnum Ave, Unit 1
    Bridgeport, CT 06608
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    651 Barnum Ave, Unit 1 Bridgeport, CT 06608
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Nussbaum
    Real Estate License ID: REB.0792802
    (203) 521-5339
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.