Bridgeport Commercial Property For
For Sale
$885,000
875 East Main St, Bridgeport, CT 06608
Commercial property in up-and-coming Bridgeport area with established tenants.
Property Size3,518 SF
Price / SF$251.56
Days on Market134
Property Features for 875 East Main St
General Information
Standard status
Active
Size
3,518 SF
Building Details
Year Built
1978
Listing Agency:
Century 21 Galvez
Listed By:
Alex Galvez
(646) 326-3146
Source:
Homesbyshoshana
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 1 at 9:26PM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
This commercial property is located in Bridgeport, Connecticut, and features three established stores. The property includes a jewelry store, a Western Union that has been in operation for 15 years, and a Mexican restaurant with outdoor seating. The property generates a monthly income of $8,500. Each tenant is responsible for their own utilities. The property is situated in an area with new condominiums and development projects. The location has a bike score of 52, indicating it is bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 35, indicating some transit options are available.
Key Highlights
- Monthly income of $8,500 with tenants paying their own utilities.
- Located in a rapidly developing area of Bridgeport, Connecticut.
- Features three well‑established stores: a jewelry store, a Western Union (15 years), and a Mexican restaurant with outdoor seating.
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
$42,332
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
4.78%
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%
$846,640
$846.6K
Cap Rate 7%
$604,743
$604.7K
Cap Rate 9%
$470,356
$470.4K
Market Conditions
NOI Build-Up for 3,518 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
$63.3K $18.00/SF
− Vacancy
−$2.8K −$0.81/SF
EGI
$60.5K $17.19/SF
− OpEx
−$18.1K −$5.16/SF
NOI
$42.3K $12.03/SF
Area
Bridgeport, CT
Vacancy
4.50%
Lease Rate
$18.00 /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%
$846,640
Cap Rate 7%
$604,743
Cap Rate 9%
$470,356
Alternative Uses
Best Use
Retail
$604.7K
$529.2K – $705.5K
NOI $42,332 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,288 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amar Florist — 10 E Main St, Bridgeport, CT 06608
- Amar Florist & Flower Delivery — 10 E Main St, Bridgeport, CT 06608
- Bridgeport Main Flowers — 741 E Main St, Bridgeport, CT 06608
- Mi Mexico Lindo Gifts and flower’s — 1177 E Main St, Bridgeport, CT 06608
- Mi México lindo gifts and flowers llc — 1177 E Main St, Bridgeport, CT 06608
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property in up-and-coming Bridgeport area with established tenants.
Where is this storefront property located?
The property is located at 875 East Main St Bridgeport, CT.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Monthly income of $8,500 with tenants paying their own utilities.; Located in a rapidly developing area of Bridgeport, Connecticut.; Features three well‑established stores: a jewelry store, a Western Union (15 years), and a Mexican restaurant with outdoor seating.
