Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2240 Madison Ave Bridgeport, CT 06606-3239

    • Showrooms
    • 1,192 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0806828
    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

    • Romano Dental: Frank J. Romano, DMD / Dental Office
    • Tiberio Jennifer / Dental Office

    Property Details for 2240 Madison Ave

    Year built
    1942
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    1,192 SF
    Zone code
    RA
    Property type
    Showrooms
    APN
    BRID M:64 B:2357 L:3
    APU
    BRIDM64B2357L3

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2221
    Latitude
    41.2061
    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
    $7,835
    $117,490
    $62,830
    $180,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $645,000
      4,617 SF

      1018-1020 Sylvan Ave

      SHOW ROOM, WAREHOUSE • 4,617 SF
      1018-1020 Sylvan Ave, Bridgeport, CT 06606
      View Details
    • Value Estimation by Request
      3,824 SF

      735 Old Town Rd

      SHOW ROOM, WAREHOUSE • 3,824 SF
      735 Old Town Rd, Bridgeport, CT 06606-1526
      View Details
    • Value Estimation
      $565,000
      6,331 SF

      252 Lindley St, Unit 258

      SHOW ROOM, WAREHOUSE • 6,331 SF
      252 Lindley St, Bridgeport, CT 06606-5735
      View Details
    • Value Estimation by Request
      2,146 SF

      764 Madison Ave

      SHOW ROOM, WAREHOUSE • 2,146 SF
      764 Madison Ave, Bridgeport, CT 06606-5513
      View Details
    • Value Estimation by Request
      2,686 SF

      2161-2163 Main St

      SHOW ROOM, WAREHOUSE • 2,686 SF
      2161-2163 Main St, Bridgeport, CT 06606
      View Details
    • Value Estimation by Request
      2,097 SF

      493 Nn Ave

      SHOW ROOM, WAREHOUSE • 2,097 SF
      493 Nn Ave, Bridgeport, CT 06606-5130
      View Details

    Similar Nearby for Sale

    • New
      $879,900
      4,240 SF

      Corner Lot Commercial Opportunity

      Prime location near iconic brands, suitable for drive-through or retail.
      4143 Main St, Bridgeport, CT 06606
      View Details
    • $1,090,000

      Industrial Property with Office and Storage

      Industrial, office, and storage space with residential and warehouse components.
      335 Charles St, Bridgeport, CT 06606
      View Details
    • $879,900

      Corner Lot Retail Opportunity

      Retail space on a corner lot with drive-through potential.
      4143 Main St, Bridgeport, CT 06606
      View Details
    • $879,900
      4,240 SF

      Corner Lot Commercial Property

      Commercial property on a corner lot with drive-through potential.
      4143 Main St, Bridgeport, CT 06606
      View Details
    • $1,090,000
      10,860 SF

      Industrial Property with Office and Storage

      Industrial, office, and storage space with residential and shop/warehouse.
      335 Charles St, Bridgeport, CT 06606
      View Details
    • Contact for pricing

      Bridgeport Condo with Move-In Readiness

      Spacious 2-bedroom condo in Bridgeport's North End, move-in ready.
      333 Vincellette St, Bridgeport, CT 06606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,840 SF

      Brookside Center Retail Spaces

      Prime Bridgeport retail, multiple spaces available.
      4531 Main St, Bridgeport, CT 06606
      View Details
    • Contact for pricing
      170,665 SF

      Brookside Center: Bridgeport Retail

      Prime Bridgeport retail space available. Multiple suites, flexible sizes.
      4531 Main St, Bridgeport, CT 06606
      View Details
    • Contact for pricing
      1,825 SF

      Bridgeport Retail Space For Lease

      Retail space available in Bridgeport, anchored by major retailers.
      4531-4575 Main St, Bridgeport, CT 06606
      View Details
    • $1,850 /Mo
      Pending

      Remodeled Two Bedroom Apartment

      Recently remodeled 2-bedroom apartment near shops, transit, and parks.
      147 Charles St, Bridgeport, CT 06606
      View Details
    • $2,500 /Mo

      Convenient Bridgeport Apartment for Rent

      Five-room apartment in a walkable Bridgeport neighborhood.
      824 Capitol Ave, Bridgeport, CT 06606
      View Details
    • $1,950 /Mo
      Pending

      North End Apartment For Rent

      Move-in ready, 2nd-floor apartment in a convenient North End location.
      642 Beechmont Ave, Bridgeport, CT 06606
      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.
    2240 Madison Ave
    Bridgeport, CT 06606-3239
    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.
    Sign Up Successful!
    You now have access to more from Realmo!