Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    109 Bruce Park Ave Greenwich, CT 06830-6303

    • Industrial properties
    • 2,394 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0314186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • tacetcreations / Architect

    Property Details for 109 Bruce Park Ave

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    2,394 SF
    Zone code
    LBR-2
    Property type
    Industrial properties
    APN
    GREE M:01 B:1303/S
    APU
    GREEM01B1303S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.6192
    Latitude
    41.023
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,497
    $421,400
    $480,690
    $902,090
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,839 SF

      2 Armonk St

      INDUSTRIAL (GENERAL) • 3,839 SF
      2 Armonk St, Greenwich, CT 06830-5803
      View Details
    • Value Estimation by Request
      2,600 SF

      220 Byram Rd

      INDUSTRIAL (GENERAL) • 2,600 SF
      220 Byram Rd, Greenwich, CT 06830-5939
      View Details
    • Value Estimation
      $515,000
      4,965 SF

      18 Beech St

      INDUSTRIAL (GENERAL) • 4,965 SF
      18 Beech St, Greenwich, CT 06830-5945
      View Details
    • Value Estimation by Request
      2,025 SF

      8 Oak W St

      INDUSTRIAL (GENERAL) • 2,025 SF
      8 Oak W St, Greenwich, CT 06830-6886
      View Details
    • Value Estimation by Request
      1,450 SF

      Old Trak Rd

      INDUSTRIAL (GENERAL) • 1,450 SF
      Old Trak Rd, Greenwich, CT 06830
      View Details
    • Value Estimation
      $3,935,000
      42,306 SF

      10 Hamilton Ave

      MANUFACTURING (LIGHT) • 42,306 SF
      10 Hamilton Ave, Greenwich, CT 06830-3220
      View Details

    Similar Nearby for Sale

    • $1,469,000
      4,965 SF

      Greenwich Industrial Property: Prime Location

      I-95 access, versatile space, high ROI.
      18 Beech St, Greenwich, CT 06830
      View Details
    • Contact for pricing
      26,122 SF

      Prime Land on East Putnam

      Undeveloped land in Riverside section of Greenwich.
      1205 E Putnam Ave, Greenwich, CT 06830
      View Details
    • New
      $1,049,000
      Pending

      Two-Family Home with Detached Garage

      Two-family home with a two-car garage in Greenwich, CT.
      116 Hamilton Ave, Greenwich, CT 06830
      View Details
    • $1,200,000

      Vacant Lot Development Opportunity

      Vacant 53' x 100' lot, potential development site.
      9 S Water St, Greenwich, CT 06830
      View Details
    • Contact for pricing
      4,612 SF

      Greenwich Retail and Office Space

      Prime location near Greenwich Avenue with parking.
      31 E Elm St, Greenwich, CT 06830
      View Details
    • New
      $1,595,000
      2,964 SF

      Greenwich Multi-Family Investment Opportunity

      Multi-family property in Greenwich, CT for sale.
      37 Gerry St, Greenwich, CT 06830
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      6,998 SF

      Cos Cob Class A Office

      Class A office space near Cos Cob Train Station.
      1 Sound Shore Dr, Greenwich, CT 06830
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Greenwich Avenue

      Retail space for rent near Greenwich Avenue retailers.
      125-143 W Putnam Ave, Greenwich, CT 06830
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Putnam Avenue

      Retail space available for lease in Greenwich, Connecticut.
      22-30 W Putnam Ave, Greenwich, CT 06830
      View Details
    • Contact for pricing
      4,327 SF

      Class A Office Building

      Four-story, 40,000 SF office building near Greenwich Train Station.
      660 Steamboat Rd, Greenwich, CT 06830
      View Details
    • Contact for pricing
      2,237 SF

      Class A Office Building Space

      Four-story Class A office building near Greenwich train station.
      55 Railroad Ave, Greenwich, CT 06830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Bruce Park Ave
    Greenwich, CT 06830-6303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!