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    262 Greenwood Ave Bethel, CT 06801-2439
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    Property profile & analytics

    262 Greenwood Ave, Bethel, CT 06801-2439

    View on Map
    • Retail space
    • 7,980 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Oct 29, 2021
    $500,000
    Property ID
    US15-0299483
    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.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Screen Designs Printing & Embroidery / T-Shirt Company / Custom T-Shirt Store
    • 203websitedesign.com / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 262 Greenwood Ave

    Year built
    1957
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Zone code
    C
    Property type
    Retail space
    APN
    BETH M:14 B:10 L:3
    APU
    BETHM14B10L3

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 29, 2021 $500,000 Suquilanda LLC Cobos Hldg Co LLC Warranty Deed —
    Sep 30, 2019 — Cobos Hldg Co LLC — Deed · related $20k · Suquilanda Hernan
    Sep 2, 2015 $395,000 Cobos Hldg Co LLC 262 Greenwood Avenue L Warranty Deed $374k · Celtic Bank
    Apr 25, 2003 $242,000 Greenwood Ave 262 Rtm LLC Warranty Deed —
    Oct 16, 1989 — Bruce Minoff — Deed Of Trust · related $350k · Gateway Bank
    — — Cobos Hldg Co LLC — Deed Of Trust · related $20k · Suquilanda Hernan

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $570,000
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $321,000
      Market price range: $322k - $847k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4221
    Latitude
    41.3732
    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
    $9,137
    $213,570
    $107,800
    $321,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      264 SF

      27 Stony Hl Rd

      RETAIL STORES (PERSONAL SERVICES)
      27 Stony Hl Rd, Bethel, CT 06801-1157
      View Details
    • Value Estimation by Request
      4,238 SF

      10 Stony Hl Rd

      RETAIL STORES (PERSONAL SERVICES)
      10 Stony Hl Rd, Bethel, CT 06801-1048
      View Details
    • Value Estimation by Request
      6,472 SF

      30 Grassy Pln St

      RETAIL STORES (PERSONAL SERVICES)
      30 Grassy Pln St, Bethel, CT 06801-1729
      View Details
    • Value Estimation
      $1,235,000
      1,102 SF

      45 Grassy Pln St

      RETAIL STORES (PERSONAL SERVICES)
      45 Grassy Pln St, Bethel, CT 06801-2001
      View Details
    • Value Estimation by Request
      4,654 SF

      272 Greenwood Ave

      RETAIL STORES (PERSONAL SERVICES)
      272 Greenwood Ave, Bethel, CT 06801-2424
      View Details
    • Value Estimation
      $520,000
      14,420 SF

      74 Ss St

      RETAIL STORES (PERSONAL SERVICES)
      74 Ss St, Bethel, CT 06801-2409
      View Details

    Similar Nearby for Sale

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      Retail property on Greenwood Avenue with long-term tenant.
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      Versatile commercial space ideal for retail, service, or warehouse operations.
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      Bethel Commercial Opportunity For Sale

      Established motorcycle dealership with warehouse and retail space for sale.
      44 Grassy Plain St, Bethel, CT 06801
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    Similar Nearby for Lease

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      4,034 SF

      Retail Space in Bethel, CT

      Retail space available in high-traffic Bethel shopping center.
      79 Stoney Hl Rd, Bethel, CT 06801
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      Retail Space in Bethel Center

      Retail space available in a busy Bethel shopping center.
      81-87 Stony Hill Rd, Bethel, CT 06801
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      7,596 SF

      Retail Space on Greenwood Avenue

      Retail space available for rent at Greenwood Avenue intersection.
      289 Greenwood Ave, Bethel, CT 06801
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    • $1,700 /Mo
      1,110 SF

      Downtown Bethel Retail Opportunity

      Prime downtown location suitable for retail or restaurant use.
      125 Greenwood Ave, Bethel, CT 06801
      View Details
    • Contact for pricing

      Versatile Commercial Space in Bethel

      Move-in ready retail/office space with excellent visibility and accessibility.
      155 Greenwood Ave, Bethel, CT 06801
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    262 Greenwood Ave
    Bethel, CT 06801-2439
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    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
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    262 Greenwood Ave, Bethel, CT, 06801
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