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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Residential income homes
223-227 Jane St Bridgeport, CT 06608
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0143259
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Total area
3,230 SF
Lot
0.11 ac (5,003 SF)
Zoning code
RC
APN
BRID M:48 B:1746 L:4
UPID
US15-0143259
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
$525k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$431k
Blend (final)
Blend
$525k
Owner & transaction history
Loyette S Smith · 2 yrs held
Loyette S Smith
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
RC · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+103.6%
Retail stores
$600,000
+62.0%
Commercial (general)
$400,000
+8.4%
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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$370,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +104% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$400,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$390,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Jul 8 2024)
Last sale anchor
$525k
Jul 8 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
$163 / 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
$8,073
Tax year 2023
Assessed value
$185,810
Assessed 2023
Previous assessed
$185,810
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$41,550
Assessed improvement
$144,260
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Buildings
1
Stories
3
Units
4
Rooms
16
Bathrooms
4
Total area
3,230 SF
Lot
0.11 ac (5,003 SF)
Zoning code
RC
APN
BRID M:48 B:1746 L:4
UPID
US15-0143259
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
$370,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$400,000
OFFICE BUILDING
Est. value
$390,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1920
Heating
FORCED AIR
Stories
3
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Loyette S Smith
Individual
Mailing address
15 E PUTNAM AVE #530, GREENWICH, CT 06830-5424
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
$525,000
Loyette S Smith
223 Jane LLC
Warranty Deed
$504,690 · Bank Of America NA
Jun 10, 2021
—
223 Jane LLC
Heremela Eshetu
Quit Claim Deed
related
—
Jun 22, 2018
$150,150
Heremeloa Eshetu
Bank Of Ny Mellon
Warranty Deed
—
Mar 5, 2018
—
Bank New York Mellon
Bank New York Mellon|rivera,juana
Foreclosure
related
—
Oct 14, 2005
—
Juana Rivera
—
Deed Of Trust
related
$232,000 · Union Savings Bank
Jul 14, 2003
$174,900
Mario Martinez
Lucien Investors LLC
Warranty Deed
$174,900 · Accredited Home Lenders
Mar 27, 2003
$72,775
Lucien Investors LLC
Bankers T Co Of Calif
Warranty Deed
—
Apr 24, 2002
—
Bankers Trust Co Tr
Anderson,leon
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 13, 1997
—
Leon Anderson
—
Deed Of Trust
related
$73,500 · Northeastern Mortgage Co
Apr 24, 1996
—
Leon Anderson
—
Deed Of Trust
related
$51,350 · Quality Mortgage USA INC
Oct 30, 1995
—
Leon Anderson
—
Deed Of Trust
related
$23,410 · United Companies Lending Corp
Dec 20, 1994
$10,000
Valda Anderson
Peoples Bk
Grant 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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