Flex Space With Loading
For Sale
$595,000
725 Housatonic Avenue, Bridgeport, CT 06604
Commercial For Sale, Bridgeport, CT
Property Size5,200 SF
Lot Size0.10 Acres
Price / SF$114.42
Days on Market130
Property Features for 725 Housatonic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ili
Parking
6
Interior features
Loading - Dock Height
Lot features
Dry
Directions
Call 24 hr ahead of showing to steve 203-257-1519
Subdivision
Central
Standard status
Active
Size
5,200 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9923
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1917
Floors in Building
2
Flooring type
Concrete, Plywood
Listing Agency:
Higgins Group Real Estate
(203) 254-9000
Listed By:
Stephen Ozyck · License #RES.0812903
(203) 257-1519
Added: Apr 22
Changed: Aug 26
Last Checked: Aug 29 at 1:06AM
MLS# 24169317
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.
Investment Insights
Based on property information with market context.
This 5,200-square-foot flex space was built in 1917 and includes dock-height loading. Interior finishes combine concrete and plywood flooring, with natural-gas heating and wall-unit cooling. The property is served by public water and public sewer.
The building is located at 725 Housatonic Avenue in Bridgeport, Connecticut, within ZIP Code 06604. Its configuration and loading feature support warehouse or industrial use, as identified in the property information.
The building is located at 725 Housatonic Avenue in Bridgeport, Connecticut, within ZIP Code 06604. Its configuration and loading feature support warehouse or industrial use, as identified in the property information.
Key Highlights
- 5,200 square feet of flex space
- Dock‑height loading
- Built in 1917
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
$48,860
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
8.21%
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%
$977,200
$977.2K
Cap Rate 7%
$698,000
$698.0K
Cap Rate 9%
$542,889
$542.9K
Market Conditions
NOI Build-Up for 5,200 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
$74.3K $14.28/SF
− Vacancy
−$4.5K −$0.86/SF
EGI
$69.8K $13.42/SF
− OpEx
−$20.9K −$4.03/SF
NOI
$48.9K $9.40/SF
Area
Bridgeport, CT
Vacancy
6.00%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$977,200
Cap Rate 7%
$698,000
Cap Rate 9%
$542,889
Alternative Uses
Best Use
Flex RnD
$943.0K
$825.1K – $1.10M
NOI $66,011 @ 7.0% cap · market cap 11.09%
Second Best
Warehouse
$867.4K
$759.0K – $1.01M
NOI $60,719 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,894 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amealtorememberbylori — 733 Madison Ave 2nd Floor, Bridgeport, CT 06606
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-oriented space with dock-height loading, public utilities, and a combination of concrete and plywood flooring.
Where is this flex space located?
The property is located at 725 Housatonic Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 5,200 square feet of flex space; Dock‑height loading; Built in 1917
