New Brick Shopping
937 State Street, Bridgeport, CT 06605
For Sale
Contact for pricing
Multi-tenant retail space includes occupied space and suites prepared for occupancy.
Property Size7,300 SF
Price / SF$342.47
Days on Market29
Property Features for 937 State Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Additional Details
Sprinkler System
Tenant in Place
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Douglas Elliman Commercial Division
Listed By:
Hootan Moeirzadeh · License NY #10401305381
Source:
Crexi
Added: Oct 13
Changed: Nov 9
Last Checked: Nov 8 at 2:23PM
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 Douglas Elliman Commercial Division
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Investment Insights
Based on property information with market context.
Completed in 2023, this all-brick shopping center contains approximately 7,300 square feet of interior space. The building has 22-foot ceilings, gas and water lines, a sprinkler system, and approximately 28 parking spaces. Several suites are configured for occupancy, including corner spaces.
The property is 35% leased, with the occupied space used by a market and a Mediterranean halal restaurant. The remaining 65% is available, and the entire property may be delivered vacant.
The property is 35% leased, with the occupied space used by a market and a Mediterranean halal restaurant. The remaining 65% is available, and the entire property may be delivered vacant.
Key Highlights
- Approximately 7,300 square feet of interior area
- Built in 2023 with all‑brick construction
- 22‑foot ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,915
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,300
$2.0M
Cap Rate 7%
$1,441,643
$1.4M
Cap Rate 9%
$1,121,278
$1.1M
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$140.2K $19.20/SF
− Vacancy
−$5.6K −$0.77/SF
EGI
$134.6K $18.43/SF
− OpEx
−$33.6K −$4.61/SF
NOI
$100.9K $13.82/SF
Area
Bridgeport, CT
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,300
Cap Rate 7%
$1,441,643
Cap Rate 9%
$1,121,278
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,915 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,841 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,850 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
35%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,705
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
4,516 visits/mo
0.4 miles
Demographics for 06605, CT
23,867
Population
10,799
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
10,377
Density / Sq Mi
$59,673
Median Household Income
$40,276
Median Earnings
$1,423
Median Rent
$273,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- D.r. Market Retail Centre — 730 Maplewood Ave, Bridgeport, CT 06605
- Coin Cloud Bitcoin ATM — 815 Lafayette Blvd, Bridgeport, CT 06604
- Bishop Arcade — 993 Main St, Bridgeport, CT 06604
- Baldwin Plaza Shopping Center — Bridgeport, CT 06604
- North Park Shopping Center — 1700 Park Ave, Bridgeport, CT 06604
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail space includes occupied space and suites prepared for occupancy.
Where is this shopping center located?
The property is located at 937 State Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 7,300 square feet of interior area; Built in 2023 with all‑brick construction; 22‑foot ceiling height
