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1313 Connecticut Ave, Bridgeport, CT 06607
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Property summary
AI-generated overview
This exceptional Bridgeport, CT property, located at 1313 Connecticut Avenue on the Stratford line, offers 44,173 square feet of renovated commercial space. The Bruce Brook Lofts, a single, two-story brick building, underwent a complete refurbishment in 2021 and is now under new management. The property sits on 2.42 acres of land with 322 feet of frontage, providing ample surface parking and convenient street parking. Currently, there are 3,949 square feet of vacant space available, divisible into units as small as 233 square feet and up to a contiguous 2,162 square feet. The building features 11 total suites, two loading docks, one dock-high door, and elevator access. The property is zoned CX Heavy Commercial and benefits from its location on a bus line. Individual electric meters are provided for each space. Flexible lease terms are available, making this an ideal location for entrepreneurs, artists, and artisans seeking affordable, functional, and easily accessible workspaces. The property's convenient location in Fairfield County, within the East Side submarket, offers excellent accessibility and visibility.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,422 SF
Lot
2.42 ac (105,415 SF)
Zoning code
ILI
APN
BRID M:44 B:719 L:1
UPID
US15-0088122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Food Processing Plant
-
Medical Group
-
Home Decor Store
-
(Bike/Boat/Book/etc) Store Cosmetic Store
-
Business Service Center Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$780k
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
ILI · Bridgeport, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$780k
Value range
$702k – $858k
±10% around blend
Estimated value / SF
$27 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$702k
blend $780k
$858k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
29,422 SF
Lot area
2.42 ac
Year built
1900
Stories
2
APN
BRID M:44 B:719 L:1
Zoning
ILI
Assessed value
$768,850
Annual tax
$33,407
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$33,407
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.14M
Range $914k – $2.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$780k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 64 sales
$91
-71%
County 198 sales
$97
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $27/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.93M
Move the market yield to see immediate price impact.
Value / SF
$202
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$374k
$7.47M
$5.34M
$4.15M
$415k
$8.30M
$5.93M
$4.61M
$457k
$9.13M
$6.52M
$5.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,407
Tax year 2023
Assessed value
$768,850
Assessed 2023
Previous assessed
$768,850
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$317,630
Assessed improvement
$451,220
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
29,422 SF
Lot
2.42 ac (105,415 SF)
Zoning code
ILI
APN
BRID M:44 B:719 L:1
UPID
US15-0088122
Jurisdiction
BRIDGEPORT
Zoning & alternative use
ILI · Bridgeport, CTZoning ILI · permitted uses
ILI · Bridgeport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
2.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ILI
Jurisdiction
Bridgeport, CT
Recorded code
ILI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ILI in Bridgeport, CT.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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