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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Apartment buildings
115 Park Ave, Bridgeport, CT 06604-5645
Entity Owned
1-yr Hold
Property ID
US15-0214922
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1904
Construction
FRAME
Total area
5,997 SF
Lot
0.52 ac (22,560 SF)
Zoning code
MUEM
APN
BRID M:14 B:419 L:4
UPID
US15-0214922
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
$1.10M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$1.10M
Owner & transaction history
Univ Of Brgport INC · 1 yrs held
Univ Of Brgport INC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MUEM · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+130.7%
Auto repair, garage
$1.4M
+109.8%
Retail stores
$1.1M
+66.9%
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$670,000
Current use
RESTAURANT
$1,540,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,400,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Aug 30 2024)
Last sale anchor
$1.10M
Aug 30 2024
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
$183 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,338
Tax year 2024
Assessed value
$329,980
Assessed 2024
Previous assessed
$329,980
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$97,690
Assessed improvement
$232,290
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1904
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Bathrooms
6
Total area
5,997 SF
Lot
0.52 ac (22,560 SF)
Zoning code
MUEM
APN
BRID M:14 B:419 L:4
UPID
US15-0214922
Jurisdiction
BRIDGEPORT
Zoning & alternative use
MUEM · Bridgeport, CT
Zoning MUEM · permitted uses
MUEM · 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
$670,000
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1904
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Bathrooms
6
Lot
0.52 ac
Current owner
From public records · entity-resolved
Univ Of Brgport INC
Entity
Mailing address
115 PARK AVE, BRIDGEPORT, CT 06604-5645
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,100,000
Univ Of Brgport INC
Paul Y Yasutake T
Deed
—
Feb 28, 2023
—
Paul & Gertrud Yasutake T
Paul Yasutake
Quit Claim Deed
related
—
Jul 31, 2020
—
Gertrud Yasutake
Gertrud Yasutake
Quit Claim Deed
related
$324,000 · Magnolia Bank
Jan 14, 2013
—
Paul Yasutake
—
Deed Of Trust
related
$217,200 · Bank Of America
Mar 9, 2004
—
Gertrud Yasutare
—
Deed Of Trust
related
$244,000 · Countrywide Home Loans INC
Apr 10, 2003
$255,000
Gertrud Yasutake
Yasatake,clifford T
Warranty Deed
$229,500 · Robert J Dean SR
Nov 17, 1999
$199,000
Clifford T Yasutake
T P INC
Warranty Deed
$179,100 · First Union Mortgage
Mar 2, 1994
$150,000
Anthony Guerra
Bridgeport Area Founda
Warranty Deed
$105,000 · Peoples Bank
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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