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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    137 School St Bristol, CT 06010-2003

    • Investment properties
    • 1,332 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0839592
    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

    • Maverick Motors CT / Used Car Dealer

    Property Details for 137 School St

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    1,332 SF
    Zone code
    BG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BRIS M:29 L:76
    APU
    BRISM29L76

    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
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9479
    Latitude
    41.6713
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    $6,165
    $49,700
    $153,440
    $203,140
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $730,000
      5,525 SF

      339 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,525 SF
      339 Ww St, Bristol, CT 06010-4910
      View Details
    • Value Estimation by Request
      6,053 SF

      159 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,053 SF
      159 Park St, Bristol, CT 06010-6052
      View Details
    • Value Estimation by Request
      3,568 SF

      334 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,568 SF
      334 Ww St, Bristol, CT 06010-4909
      View Details
    • Value Estimation by Request
      876 SF

      162 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 876 SF
      162 Park St, Bristol, CT 06010-6055
      View Details
    • Value Estimation
      $955,000
      9,760 SF

      756 Farmington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,760 SF
      756 Farmington Ave, Bristol, CT 06010
      View Details
    • Value Estimation by Request
      8,614 SF

      562 Farmington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,614 SF
      562 Farmington Ave, Bristol, CT 06010-3976
      View Details

    Similar Nearby for Sale

    • New
      $225,000
      1,169 SF

      Bristol Commercial Property on Route 6

      Mixed-use property on Route 6, ideal for business or home/office.
      941 Farmington Ave, Bristol, CT 06010
      View Details
    • $429,000

      Mixed-Use Property with Parking

      Mixed-use property suitable for residential or home/business use.
      211 West St, Bristol, CT 06010
      View Details
    • $790,000
      Pending

      Mixed-Use Property with Redevelopment Potential

      Mixed-use property featuring residential units and an office building.
      160 Wolcott St, Bristol, CT 06010
      View Details
    • $595,000
      6,425 SF

      Bristol Retail Plaza Investment Opportunity

      High-Visibility Retail Center, Value-Add Potential
      150 Central St, Bristol, CT 06010
      View Details
    • $299,900
      Pending

      Mixed-Use Investment Opportunity

      Multifamily with storefront in Bristol's heart, great investment potential.
      143 Divinity St, Bristol, CT 06010
      View Details
    • $400,000
      Pending

      Development Opportunity in Bristol, CT

      Single-family home with potential for mixed-use development.
      93 South St, Bristol, CT 06010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      264,000 SF

      Bristol Plaza Retail Center

      High-traffic shopping center, prime location.
      641 Farmington Ave, Bristol, CT 06010
      View Details
    • $1,500 /Mo
      2,449 SF

      Downtown Retail Space For Rent

      Retail space in high-traffic downtown area with potential.
      1 Divinity St, Bristol, CT 06010
      View Details
    • $1,900 /Mo

      Renovated 3-Bedroom Apartment For Rent

      Newly renovated 3-bedroom apartment near Bristol Hospital and shopping.
      101 Stearns St, Bristol, CT 06010
      View Details
    • $1,500 /Mo

      Updated Third Floor Apartment

      Updated apartment with garage, close to shopping and downtown.
      18 Walnut St, Bristol, CT 06010
      View Details
    • $975 /Mo

      Bristol Efficiency Apartment For Rent

      Cozy 1-bedroom apartment near library, shops, and transportation.
      255 Main St, Bristol, CT 06010
      View Details
    • $1,700 /Mo

      Two-Bedroom Apartment for Rent

      Two-bedroom apartment with shared laundry and parking available.
      138 Federal St, Bristol, CT 06010
      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.
    137 School St
    Bristol, CT 06010-2003
    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.