Turnkey Variety Store For
For Sale
$235,000
Pending
367 Orange Street, Bridgeport, CT 06607
Fully equipped convenience store in high-traffic location near I-95.
Property Size1,146 SF
Lot Size0.08 Acres
Days on Market450
Property Features for 367 Orange Street
General Information
Standard status
Pending
Size
1,146 SF
Lot size
0.08 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,612
Amenities
Central air
Composition Roof
Hot Air Heating
Level Lot
Wall Unit Cooling
Building Details
Year Built
1956
Listing Agency:
YellowBrick Real Estate LLC
(203) 445-6949
Listed By:
JESSICA EDWARD · License #RES. 0829445
Source:
Corcoran
Added: May 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of YellowBrick Real Estate LLC
Investment Insights
Based on property information with market context.
This is a prime opportunity to own a fully equipped convenience store in a high-visibility, high-traffic location. Situated near I-95 on the Bridgeport/Stratford line, the property benefits from excellent exposure and accessibility. The store for sale includes all coolers, store fixtures, equipment, and current inventory. The 1146-square-foot building is positioned in a busy commercial area near major transportation routes, ensuring strong foot and vehicle traffic. This turnkey operation allows for immediate revenue generation with everything already in place. This ready-made opportunity has significant upside potential for experienced operators or entrepreneurs looking to enter the retail market.
Key Highlights
- High‑Traffic Location: Situated near I‑95 on the Bridgeport/Stratford line, ensuring excellent exposure and accessibility.
- Turnkey Operation: Includes all coolers, store fixtures, equipment, and current inventory for immediate revenue generation.
- Fully Equipped Convenience Store: Ready‑made opportunity for experienced operators or new entrepreneurs.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,842
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 1,146 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $19.20/SF
− Vacancy
−$880 −$0.77/SF
EGI
$21.1K $18.43/SF
− OpEx
−$5.3K −$4.61/SF
NOI
$15.8K $13.82/SF
Area
Bridgeport, CT
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Specialty Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 6.74%
Second Best
Retail
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06607, CT
8,690
Population
2,696
Households
3.2
Avg Household Size
33
Median Age
7%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
7,242
Density / Sq Mi
$49,555
Median Household Income
$32,000
Median Earnings
$1,398
Median Rent
$218,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eagle Custom Displays — 115 Bruce Ave, Stratford, CT 06615
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Fully equipped convenience store in high-traffic location near I-95.
Where is this grocery and convenience store located?
The property is located at 367 Orange Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: High‑Traffic Location: Situated near I‑95 on the Bridgeport/Stratford line, ensuring excellent exposure and accessibility.; Turnkey Operation: Includes all coolers, store fixtures, equipment, and current inventory for immediate revenue generation.; Fully Equipped Convenience Store: Ready‑made opportunity for experienced operators or new entrepreneurs.
