Mixed-Use Asset in North
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900 Wood Ave, Bridgeport, CT 06604
Multi-building, mixed-use asset with retail and residential units.
Property Size3,453 SF
Price / SF$282.36
Days on Market194
Property Features for 900 Wood Ave
General Information
Standard status
Active
Size
3,453 SF
Property subtype
Mixed Use, Retail
Zoning
MXN
Building Details
Year Built
1931
Listing Agency:
Baldwin Pearson & Company
(203) 335-5117
Listed By:
Daniel Shawah · License #RES.0829215
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 2:48PM
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 Baldwin Pearson & Company
Investment Insights
Based on property information with market context.
Located in the North End of Bridgeport, CT, 900 Wood Avenue is a multi-building, mixed-use property situated along a highly visible and heavily trafficked corridor. The property features three fully occupied retail storefronts and one two-bedroom residential apartment. The retail units benefit from street frontage and are occupied by long-term tenants. Select lease expirations and flexible tenancy on two retail units allow for potential owner-user occupancy of one or more retail units, while maintaining strong in-place income. The property contains 3,453 square feet and offers immediate, stable cash flow with upside potential through rent growth across all units.
Key Highlights
- Immediate, stable cash flow from fully occupied retail storefronts and a residential apartment.
- High‑visibility location on a heavily trafficked corridor in the desirable North End of Bridgeport.
- Meaningful upside potential through rent growth across all units.
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
$50,034
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
5.13%
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%
$1,000,680
$1.0M
Cap Rate 7%
$714,771
$714.8K
Cap Rate 9%
$555,933
$555.9K
Market Conditions
NOI Build-Up for 3,453 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
$87.0K $25.20/SF
− Vacancy
−$7.0K −$2.02/SF
EGI
$80.1K $23.18/SF
− OpEx
−$30.0K −$8.69/SF
NOI
$50.0K $14.49/SF
Area
Bridgeport, CT
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,000,680
Cap Rate 7%
$714,771
Cap Rate 9%
$555,933
Alternative Uses
Best Use
Mixed Use
$714.8K
$625.4K – $833.9K
NOI $50,034 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$593.6K
$519.4K – $692.5K
NOI $41,550 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$985.6K
$862.4K – $1.15M
NOI $68,989 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 29%
Apparel 9%
Electronics 3%
McDonald's
Dining
26,682 visits/mo
0.4 miles
M&T Bank
Shops & Services
6,185 visits/mo
0.4 miles
Mobil
Shops & Services
5,906 visits/mo
0.3 miles
Snipes
Apparel
2,480 visits/mo
0.4 miles
MadRag
Apparel
1,724 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-building, mixed-use asset with retail and residential units.
Where is this mixed-use property located?
The property is located at 900 Wood Ave Bridgeport, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Immediate, stable cash flow from fully occupied retail storefronts and a residential apartment.; High‑visibility location on a heavily trafficked corridor in the desirable North End of Bridgeport.; Meaningful upside potential through rent growth across all units.
