Industrial-Flex Property with
For Sale
$625,000
Pending
43 & 73 Huntington Road, Bridgeport, CT 06608
Two-story industrial-flex building on a 1.04-acre fenced lot with secured equipment yard and office plus warehousing space.
Property Size1,938 SF
Lot Size1.04 Acres
Days on Market61
Property Features for 43 & 73 Huntington Road
General Information
Standard status
Pending
Size
1,938 SF
Lot size
1.04 Acres
Property subtype
Commercial
Zoning
RX1
Lease Term
Business Included YNN: No
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
1,938 SF
Year Built
1938
Stories
2
Listing Agency:
Renee & Associates
Listed By:
Renee Penna
(203) 395-0423
Source:
Iverty
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 26 at 8:17AM
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 Renee & Associates
Investment Insights
Based on property information with market context.
This industrial-flex property includes a two-story commercial building totaling 4,925 SF. The space is described as turn-key and offers a ground-floor reception area with space suited for warehousing and related operations, along with an upper level with administrative offices and/or parts storage. The property is sited on a 1.04-acre fenced lot that includes both the building and the adjoining lot, and it features a fully secured equipment yard.
The site is zoned RX1 and is positioned on Bridgeport’s East Side with rapid access to Route 8 and I-95, supporting business needs that benefit from straightforward roadway connectivity.
The overall configuration combines indoor operational space with secured outdoor storage, with the yard and building footprint designed to support equipment staging, fleet parking, or material storage alongside office and parts storage areas.
The site is zoned RX1 and is positioned on Bridgeport’s East Side with rapid access to Route 8 and I-95, supporting business needs that benefit from straightforward roadway connectivity.
The overall configuration combines indoor operational space with secured outdoor storage, with the yard and building footprint designed to support equipment staging, fleet parking, or material storage alongside office and parts storage areas.
Key Highlights
- 4,925 SF general contractor space in a two‑story industrial‑flex building
- Zoned RX1
- 1.04‑acre fenced lot includes building and an adjoined lot
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
$57,508
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
9.20%
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%
$1,150,160
$1.2M
Cap Rate 7%
$821,543
$821.5K
Cap Rate 9%
$638,978
$639.0K
Market Conditions
NOI Build-Up for 4,925 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
$70.3K $14.28/SF
− Vacancy
−$2.7K −$0.54/SF
EGI
$67.7K $13.74/SF
− OpEx
−$10.1K −$2.06/SF
NOI
$57.5K $11.68/SF
Area
Bridgeport, CT
Vacancy
3.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$1,150,160
Cap Rate 7%
$821,543
Cap Rate 9%
$638,978
Alternative Uses
Best Use
Office B
$973.4K
$851.7K – $1.14M
NOI $68,136 @ 7.0% cap · market cap 10.90%
Second Best
Flex RnD
$893.1K
$781.5K – $1.04M
NOI $62,520 @ 7.0% cap · market cap 10.00%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,399 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story industrial-flex building on a 1.04-acre fenced lot with secured equipment yard and office plus warehousing space.
Where is this flex space located?
The property is located at 43 & 73 Huntington Road Bridgeport, CT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,925 SF general contractor space in a two‑story industrial‑flex building; Zoned RX1; 1.04‑acre fenced lot includes building and an adjoined lot
