Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1313 Connecticut Ave Bridgeport, CT 06607

    • Industrial properties
    • 29,422 SF
    • 2.42 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Dec 22, 2022
    Value Estimations
    $800,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0088122
    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

    • Shrub Oak Mushroom Company / Farm
    • Pierdon Medical Group / Medical Group
    • NaturalAnnie Essentials Candle Making Bar & Event Space / Gift Shop / Candle Store
    • FaceXFoxxx / Health And Beauty Shop
    • Bruce Brook Lofts / Business Center

    Property Details for 1313 Connecticut Ave

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.42 lot acres
    Property size
    29,422 SF
    Zone code
    ILI
    Property type
    Industrial properties
    APN
    BRID M:44 B:719 L:1
    APU
    BRIDM44B719L1

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,135,000
      Market price range: $914k - $2.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1552
    Latitude
    41.1843
    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
    $33,407
    $317,630
    $451,220
    $768,850
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      3.62 Acres

      1 Seaview Ave

      INDUSTRIAL (GENERAL) • 3.62 Acres
      1 Seaview Ave, Bridgeport, CT 06607-2432
      View Details
    • Value Estimation
      $535,000
      5.33 Acres

      800 Un Ave

      INDUSTRIAL (GENERAL) • 5.33 Acres
      800 Un Ave, Bridgeport, CT 06607-1422
      View Details
    • Value Estimation
      $380,000
      5.16 Acres

      929 Connecticut Ave

      INDUSTRIAL (GENERAL) • 5.16 Acres
      929 Connecticut Ave, Bridgeport, CT 06607
      View Details
    • Value Estimation
      $390,000
      6.06 Acres

      1069 Connecticut Ave

      INDUSTRIAL (GENERAL) • 6.06 Acres
      1069 Connecticut Ave, Bridgeport, CT 06607-1227
      View Details
    • Value Estimation
      $330,000
      0.03 Acres

      6 Edwin St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.03 Acres
      6 Edwin St, Bridgeport, CT 06607
      View Details
    • Value Estimation
      $480,000
      4.33 Acres

      100 3rd St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4.33 Acres
      100 3rd St, Bridgeport, CT 06607-1068
      View Details

    Similar Nearby for Sale

    • $72,900

      Bright Co-op Corner Unit

      Charming co-op with open layout and hardwood floors.
      591 Wilmot St, Bridgeport, CT 06607
      View Details
    • $639,900

      Bridgeport Multifamily Property for Sale

      Multifamily property available in Bridgeport, Connecticut.
      408 Union Ave, Bridgeport, CT 06607
      View Details
    • $549,999

      Renovated Two-Family Home in Bridgeport

      Fully renovated two-family home near Steelpointe Harbor.
      228 Holly St, Bridgeport, CT 06607
      View Details
    • $428,000

      Bridgeport Multi-Unit For Sale

      Multi-unit property available in Bridgeport, Connecticut.
      68 Edwin St, Bridgeport, CT 06607
      View Details
    • $449,900

      Bridgeport Two-Family Home For Sale

      Well-maintained two-family home in Bridgeport's East End.
      247 6Th St, Bridgeport, CT 06607
      View Details
    • $300,000

      Bridgeport Specialty Property for Sale

      Specialty property available for purchase in Bridgeport, Connecticut.
      180 Holly St, Bridgeport, CT 06607
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      44,173 SF

      Bridgeport Creative Office Space

      Modern lofts, flexible spaces, ideal for creatives.
      1313 Connecticut Ave, Bridgeport, CT 06607
      View Details
    • Contact for pricing
      1,306 SF

      Retail Space Near Interstate-95

      Retail space suitable for retail, medical, or restaurant use.
      537 Seaview Ave, Bridgeport, CT 06607
      View Details
    • $1,950 /Mo

      South End Bridgeport Apartment

      Third floor, two-bedroom apartment with convenient location.
      463 Logan St, Bridgeport, CT 06607
      View Details
    • Contact for pricing
      2,300 SF

      Retail and Gas Station Space

      Retail, dining, and gas station space available for lease.
      770 Seaview Ave, Bridgeport, CT 06607
      View Details
    • $2,000 /Mo

      Bridgeport First Floor Apartment Rental

      Spacious 2-bedroom apartment with parking and in-unit laundry.
      141 Holly St, Bridgeport, CT 06607
      View Details
    • $2,000 /Mo

      Three Bedroom Apartment Available

      Three-bedroom, one-bath apartment for rent.
      324 Union Ave, Bridgeport, CT 06607
      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.
    1313 Connecticut Ave
    Bridgeport, CT 06607
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.