Property profile

1901 Commerce Dr Bridgeport, CT 06605

OFF-MARKET
Industrial properties
Property ID
US15-0280469
19,355 SF 0.73 ac lot Built 1954
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,355 SF
Lot 0.73 ac (31,829 SF)
Zoning code ILI
APN BRID M:19 B:1237 L:6-A
UPID US15-0280469

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1901 Commerce Dr Bridgeport, CT 06605-2226
Bridgeport metro Census 71000 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.08M
CAP Approach CAP
$2.80M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.60M

Owner & transaction history

since 2022
Last sale
$2.5M
5 recorded transactions
2022
$2.5M
2016
Price N/A
2006
$1.2M
2004
$2.2M
1989
$1.1M

Zoning & alternative use

ILI · Bridgeport, CT
Top alternative use upside
Retail stores $3.6M +105.2%
Commercial (general) $2.4M +35.2%
Office building $2.3M +33.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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