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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Residential income homes
114-116 Black Rock Ave Bridgeport, CT 06605
Individually Owned
19-yr Hold
Free & Clear
Property ID
US15-1056531
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1896
Total area
4,840 SF
Lot
0.17 ac (7,431 SF)
Zoning code
RC
APN
BRID M:28 B:1160 L:23
UPID
US15-1056531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$565k
Owner & transaction history
Roberto Goulart · 19 yrs held
Roberto Goulart
since 2007
5 recorded transactions
Zoning & alternative use
RC · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$900,000
+59.8%
Commercial (general)
$595,000
+5.3%
Office building
$585,000
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bridgeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$565,000
Current use
RETAIL STORES
$900,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$585,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,937
Tax year 2023
Assessed value
$251,720
Assessed 2023
Previous assessed
$251,720
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$35,650
Assessed improvement
$216,070
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1896
Heating
FORCED AIR
Buildings
1
Stories
3
Units
4
Rooms
20
Bathrooms
4
Total area
4,840 SF
Lot
0.17 ac (7,431 SF)
Zoning code
RC
APN
BRID M:28 B:1160 L:23
UPID
US15-1056531
Jurisdiction
BRIDGEPORT
Zoning & alternative use
RC · Bridgeport, CT
Zoning RC · permitted uses
RC · Bridgeport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$565,000
RETAIL STORES
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1896
Heating
FORCED AIR
Stories
3
Buildings
1
Units
4
Rooms
20
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Roberto Goulart
Individual
Free & Clear · 19 yrs held
Mailing address
114 BLACK ROCK AVE #116, BRIDGEPORT, CT 06605-1201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2007
$1
Roberto Goulart
Correa,emilia
Grant Deed
related
—
Apr 11, 2007
$1
Emilia Correa
Ala,isidro
Grant Deed
related
—
Apr 30, 2004
$185,000
Isidro Aca
Correa,emilia
Warranty Deed
$185,000 · Zwi Kohorn
Jan 28, 1999
$18,000
Emilia Correa
Peoples Bk
Grant Deed
—
Jun 13, 1996
$9,000
Emilia Correa
Peoples Bank
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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