Industrial-Flex Contractor
For Sale
$625,000
43 & 73 Huntington Rd, Bridgeport, CT 06608
Two-story industrial-flex building with a fully secured, fenced equipment yard on an acre-plus lot.
Property Size4,925 SF
Lot Size1.04 Acres
Price / SF$126.90
Days on Market34
Property Features for 43 & 73 Huntington Rd
General Information
Standard status
Active
Size
4,925 SF
Lot size
1.04 Acres
Property subtype
Commercial
Zoning
IC2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
4,925 SF
Year Built
1938
Stories
2
Listing Agency:
Renee & Associates
(203) 395-0423
Listed By:
Renee Penna
(203) 395-0423
Source:
Elliman
Added: Jul 10
Changed: Aug 10
Last Checked: Aug 11 at 9:49AM
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 contractor space totals 4,925 square feet in a two-story layout. The property includes a ground-floor reception area supporting flexible use for a utility shop, fabrication, or warehousing, along with an upper level that provides administrative offices and/or parts storage. Outside, the site is an approximately 1.04-acre fenced lot with a fully secured equipment yard designed for fleet and contractor staging.
Located on Bridgeport’s East Side, the property is positioned for rapid access to Route 8 and I-95. The site falls under IC2 mixed-use zoning, supporting a wide array of commercial uses.
Located on Bridgeport’s East Side, the property is positioned for rapid access to Route 8 and I-95. The site falls under IC2 mixed-use zoning, supporting a wide array of commercial uses.
Key Highlights
- 4,925 SF light industrial contractor space in a two‑story industrial‑flex building (built 1938)
- 1.04‑acre fenced lot with a fully secured equipment yard for fleet and equipment storage
- Ground floor layout includes reception plus space suited for utility shop, fabrication, or warehousing
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
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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Similar Off Market Nearby
- Lindley Food Services — 515 Lindley St, Bridgeport, CT 06606
Frequently Asked Questions
What type of property is this?
Flex space - Two-story industrial-flex building with a fully secured, fenced equipment yard on an acre-plus lot.
Where is this flex space located?
The property is located at 43 & 73 Huntington Rd 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 light industrial contractor space in a two‑story industrial‑flex building (built 1938); 1.04‑acre fenced lot with a fully secured equipment yard for fleet and equipment storage; Ground floor layout includes reception plus space suited for utility shop, fabrication, or warehousing
