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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Apartment buildings
185 Palisade Ave Bridgeport, CT 06610-2242
Entity Owned
2-yr Hold
Property ID
US15-0066095
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,820 SF
Lot
0.35 ac (15,048 SF)
Zoning code
RC
APN
BRID M:55 B:1910 L:46
UPID
US15-0066095
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.28M
Owner & transaction history
Palissade Apartments LLC · 2 yrs held
Palissade Apartments LLC
since 2023
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
RC · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+100.9%
Retail stores
$2.8M
+59.8%
Office building
$1.8M
+3.6%
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
$2,630,000
ML approach
$2,585,000
CAP Approach
CAP Return
Estimation
6%
$2,905,000
6.5%
$2,680,000
7%
$2,490,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,725,000
Current use
AUTO REPAIR, GARAGE
$3,460,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$2,755,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$1,785,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,740,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.22M (Dec 21 2023)
Last sale anchor
$2.22M
Dec 21 2023
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
$154 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$43,300
Tax year 2024
Assessed value
$996,540
Assessed 2024
Previous assessed
$996,540
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$295,510
Assessed improvement
$701,030
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
Similar Nearby for Lease
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
20
Bathrooms
20
Total area
14,820 SF
Lot
0.35 ac (15,048 SF)
Zoning code
RC
APN
BRID M:55 B:1910 L:46
UPID
US15-0066095
Jurisdiction
BRIDGEPORT
Zoning & alternative use
RC · Bridgeport, CT
Zoning RC · permitted uses
RC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
20
Bathrooms
20
Lot
0.35 ac
Current owner
From public records · entity-resolved
Palissade Apartments LLC
Entity
Mailing address
185 PALISADE AVE, BRIDGEPORT, CT 06610-2242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Palisade Apartments LLC
—
Deed
related
$2,590,000 · Self Reliance FCU
Dec 21, 2023
$2,220,000
Palissade Apartments LLC
Vusanjin LLC
Warranty Deed
$1,554,000 · Self Reliance FCU
Jul 23, 2015
$1,200,000
Vusanjin LLC
185 Palisade Ave Realty
Warranty Deed
—
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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