Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    224 Greenwood Ave Bethel, CT 06801-2117

    • Investment properties
    • 3,395 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1308733
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 224 Greenwood Ave

    Year built
    1900
    Lot size
    0.38 lot acres
    Property size
    3,395 SF
    Zone code
    VC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BETH M:22 B:18 L:5
    APU
    BETHM22B18L5

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $232k - $826k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $790,000
      Current use
      AUTO REPAIR, GARAGE
      $795,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4179
    Latitude
    41.3715
    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
    $13,923
    $228,480
    $261,240
    $489,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,035,000
      35,567 SF

      98 Greenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 35,567 SF
      98 Greenwood Ave, Bethel, CT 06801-2506
      View Details
    • Value Estimation by Request
      6,420 SF

      178 Greenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,420 SF
      178 Greenwood Ave, Bethel, CT 06801-2530
      View Details
    • Value Estimation by Request
      3,906 SF

      103 Greenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,906 SF
      103 Greenwood Ave, Bethel, CT 06801-2571
      View Details
    • Value Estimation
      $650,000
      6,228 SF

      122 Greenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,228 SF
      122 Greenwood Ave, Bethel, CT 06801-2530
      View Details
    • Value Estimation
      $745,000
      6,239 SF

      232 Greenwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,239 SF
      232 Greenwood Ave, Bethel, CT 06801-2152
      View Details
    • Value Estimation
      $920,000
      3,997 SF

      73 Stony Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,997 SF
      73 Stony Hl Rd, Bethel, CT 06801-3061
      View Details

    Similar Nearby for Sale

    • $599,000
      11,232 SF

      Bethel Flex Space: Data Center Ready

      11,232 SF Flex Space, $599K
      6 Berkshire Blvd, Bethel, CT 06801
      View Details
    • $398,500

      Bethel Specialty Property For Sale

      Specialty property available for purchase in Bethel, Connecticut.
      6 Mansfield St, Bethel, CT 06801
      View Details
    • $710,000

      Bethel Specialty Property For Sale

      Specialty property available for purchase in Bethel, Connecticut.
      121 Great Hill Dr, Bethel, CT 06801
      View Details
    • $4,200,000
      2,210 SF

      Bethel, CT Multi-Use Property

      Versatile 38,497 SF facility, ideal for various uses.
      16 Stony Hill Rd, Bethel, CT 06801
      View Details
    • $599,000

      Unique Specialty Property Available

      Specialty property for sale, priced at $599,000.
      27 Spring Hill Ln, Bethel, CT 06801
      View Details
    • $739,900

      Putnam Park Road Property

      Property for sale at 66 Putnam Park Rd, Bethel, CT.
      66 Putnam Park Rd, Bethel, CT 06801
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      30,000 SF

      Bethel, CT Industrial Space

      Versatile 30,000 SF industrial property.
      7 Francis Clarke Cir, Bethel, CT 06801
      View Details
    • $15 SF/Yr
      900 SF

      Bethel Executive Office Suite

      900 SF Office, Prime Location
      98 Wooster 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
    • $1,850 /Mo

      Downtown Bethel Ranch Apartment

      Move-in ready apartment in downtown Bethel with modern finishes.
      155 Greenwood Ave, Bethel, CT 06801
      View Details
    • $1,000 /Mo
      805 SF

      Office Space in Business Park

      Second-floor office space with natural light and included utilities.
      23 Francis J Clarke Cir, Bethel, CT 06801
      View Details
    • $12 SF/Yr
      21,321 SF

      High Bay Industrial/Recreational Space

      21,321 SF high bay space suitable for industrial or recreational use.
      13 Francis J Clarke Cir, 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.
    224 Greenwood Ave
    Bethel, CT 06801-2117
    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

    Google sign-in failed. Please try again or use another login method.