Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    159th Grassy Pln St Bethel, CT 06801-4809
    Back to Search
    Property profile & analytics

    159th Grassy Pln St, Bethel, CT 06801-4809

    View on Map
    • Manufacturing properties
    • 35,160 SF
    • 3.00 lot acres
    Off-Market
    Last Sale Jun 28, 2021
    $600,000
    Property ID
    US15-0213193
    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.
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 159th Grassy Pln St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    BETH M:9 B:23 L:14 X:2
    APU
    BETHM9B23L14X2

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2021 $600,000 Pmg Hldg LLC 159 Grassy Plains LLC Quit Claim Arm's Length For Ne States —
    Sep 28, 2018 $1,200,000 159 Grassy Plains LLC Mayo 4 LLC Warranty Deed $900k · Nfc Invs LLC
    May 30, 2008 $2,450,000 Mayo 4 LLC Ltr Co Warranty Deed $550k · Manuf & Trdr Trust Co
    May 4, 2006 $375,000 Mancone Properties L&r Co Warranty Deed $504k · Union Savings Bank
    Nov 2, 2004 — L&r Co — Deed Of Trust · related $1.2M · Aaa Southern New Eng
    Apr 1, 1999 — L&r Co — Deed Of Trust · related $700k · Zions First National Bank
    Jul 31, 1998 — L&r Co — Deed Of Trust · related $600k · First National Bank New Englnd
    Mar 9, 1995 — L&r Co — Deed Of Trust · related $1M · First Natl Bk New Eng
    Dec 18, 1987 — L & R Company — Deed Of Trust · related $750k · Ct Natl Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4224
    Latitude
    41.3618
    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
    $32,457
    $327,600
    $814,030
    $1,141,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,775,000
      67,288 SF

      2 Durant Ave

      MANUFACTURING (LIGHT)
      2 Durant Ave, Bethel, CT 06801
      View Details
    • Value Estimation
      $1,865,000
      22,392 SF

      5 Francis J Clarke Cir

      MANUFACTURING (LIGHT)
      5 Francis J Clarke Cir, Bethel, CT 06801
      View Details
    • Value Estimation
      $1,345,000
      22,420 SF

      165 Grassy Pln St

      MANUFACTURING (LIGHT)
      165 Grassy Pln St, Bethel, CT 06801-2808
      View Details
    • Value Estimation
      $860,000
      8,000 SF

      14 Trowbridge Dr

      MANUFACTURING (LIGHT)
      14 Trowbridge Dr, Bethel, CT 06801-2858
      View Details
    • Value Estimation
      $1,605,000
      18,900 SF

      12 Trowbridge Dr

      MANUFACTURING (LIGHT)
      12 Trowbridge Dr, Bethel, CT 06801-2858
      View Details
    • Value Estimation
      $1,560,000
      17,864 SF

      11 Trowbridge Dr

      MANUFACTURING (LIGHT)
      11 Trowbridge Dr, Bethel, CT 06801-2858
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,232 SF

      Office/Flex Condominium For Sale

      11,232 SF office/flex condominium in Berkshire Corporate Park.
      6 Berkshire Blvd, Bethel, CT 06801
      View Details
    • $499,900
      5,700 SF

      Versatile Commercial Building For Sale

      Established motorcycle dealership with warehouse and retail space.
      44 Grassy Plain St, Bethel, CT 06801
      View Details
    • Contact for pricing

      Vacant Office and Flex Asset

      Three-story office and flex/R&D asset in Fairfield County, Connecticut.
      Bethel, CT 06801
      View Details
    • $499,900
      Pending

      Motorcycle Dealership with Service Bays

      Versatile commercial space ideal for retail, service, or warehouse operations.
      44 Grassy Plain St, Bethel, CT 06801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bethel Manufacturing Facility For Lease

      Industrial manufacturing facility with office space available June 1, 2025.
      159 Grassy Plain St, Bethel, CT 06801
      View Details
    • $12 SF/Yr
      17,500 SF

      Bethel Manufacturing Space Available

      17,500 SF manufacturing space with office, available October 2025.
      159 Grassy Plain St, Bethel, CT 06801
      View Details
    • $9 SF/Yr
      40,707 SF

      Stony Hill Rd Industrial Complex

      Versatile Fairfield County property, multiple uses.
      16 Stony Hill Rd, Bethel, CT 06801
      View Details
    • Contact for pricing

      Office/Flex Condo in Corporate Park

      Office/flex condominium suitable for light industrial uses, near NYC.
      6 Berkshire Blvd, Bethel, CT 06801
      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.
    159th Grassy Pln St
    Bethel, CT 06801-4809
    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

    Thank You for Inquiry
    159th Grassy Pln St, Bethel, CT, 06801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!