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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Showrooms
1429 Main St Bridgeport, CT 06608-1420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0712681
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,700 SF
Lot
0.27 ac (11,699 SF)
Zoning code
ORN
APN
BRID M:48 B:1718 L:14
UPID
US15-0712681
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
Current use
Occupant on record · Public records
-
Ceviche Palace Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$775k
Owner & transaction history
Putnam & East LLC · 1 yrs held
Putnam & East LLC
since 2024
Last sale
$775,000
5 recorded transactions
Zoning & alternative use
ORN · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+49.5%
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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
RETAIL STORES
$1,060,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$685,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$655,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Dec 5 2024)
Last sale anchor
$775k
Dec 5 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
$136 / 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
$12,819
Tax year 2023
Assessed value
$295,030
Assessed 2023
Previous assessed
$295,030
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$82,480
Assessed improvement
$212,550
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Total area
5,700 SF
Lot
0.27 ac (11,699 SF)
Zoning code
ORN
APN
BRID M:48 B:1718 L:14
UPID
US15-0712681
Jurisdiction
BRIDGEPORT
Zoning & alternative use
ORN · Bridgeport, CT
Zoning ORN · permitted uses
ORN · 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
COMMERCIAL (GENERAL) Current
Est. value
$710,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$655,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
Putnam & East LLC
Entity
Mailing address
PO BOX 5781, BRIDGEPORT, CT 06610-0781
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$775,000
Putnam & East LLC
Omonte Enterprises INC
Warranty Deed
$700,000 · Omonte Enterprises In
Sep 18, 1997
—
Omonte Enterprises INC
—
Deed Of Trust
related
$40,000 · Maria Batista
Dec 4, 1995
—
Omonte Ent INC
—
Deed Of Trust
related
$100,000 · Abilio Goncalves
Dec 9, 1988
$300,000
Abraham Omonte
Daddario F F Est
Grant Deed
$380,000 · Us Trust Co Connecticut
Jun 2, 1987
—
Francis Est Daddario
—
Deed Of Trust
related
$6,500,000 · Mech & Farm Svgs Bk
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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