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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    278 Whitney Ave, Unit 284 Bridgeport, CT 06606-5439

    • Residential income homes
    • 2,694 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    9.7%
    Residential income homes
    Location Intelligence
    Property ID
    US15-0079692
    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

    • Residential income homes

    Property Details for 278 Whitney Ave

    Year built
    1940
    Lot size
    0.19 lot acres
    Property size
    2,694 SF
    Zone code
    RC
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    BRID M:52 B:2109 L:4
    APU
    BRIDM52B2109L4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $373,000
      Market price range: $229k - $402k
      AI Estimate
      $316,000
      Market price range: $228k - $322k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $315,000
      Current use
      RETAIL STORES
      $500,000
      Change: +60% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $420,000
      Change: +34% Conversion: Moderate
      OFFICE BUILDING
      $325,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1988
    Latitude
    41.1971
    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
    $9,194
    $69,410
    $142,200
    $211,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $535,000
      3,532 SF

      112 Quince St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,532 SF
      112 Quince St, Bridgeport, CT 06606-4573
      View Details
    • Value Estimation
      $365,000
      3,840 SF

      788-790 Capitol Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,840 SF
      788-790 Capitol Ave, Bridgeport, CT 06606
      View Details
    • Value Estimation
      $395,000
      2,787 SF

      188-190 Wheeler Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,787 SF
      188-190 Wheeler Ave, Bridgeport, CT 06606
      View Details
    • Value Estimation
      $310,000
      3,584 SF

      34 Tom Thumb St, Unit 40

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,584 SF
      34 Tom Thumb St, Bridgeport, CT 06606-5619
      View Details
    • Value Estimation
      $400,000
      4,052 SF

      353-355 Charles St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,052 SF
      353-355 Charles St, Bridgeport, CT 06606
      View Details
    • Value Estimation
      $375,000
      4,032 SF

      127-131 Wayne St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,032 SF
      127-131 Wayne St, Bridgeport, CT 06606
      View Details

    Similar Nearby for Sale

    • $224,900
      1,297 SF

      Spacious Ranch-Style Condo Available

      Rare 2BR, 2BA condo with private balcony and amenities.
      50 Greenhouse Rd, Bridgeport, CT 06606
      View Details
    • $78,900

      Bridgeport Co-op with Included Amenities

      Comfortable 2-bedroom co-op in Bridgeport with comprehensive HOA.
      26 Karen Ct, Bridgeport, CT 06606
      View Details
    • $79,900

      Affordable Condo Near Transportation

      Low HOA covers many expenses, convenient location, needs TLC.
      7 Stone Ridge Rd, Bridgeport, CT 06606
      View Details
    • $215,000
      921 SF

      Comfortable Condo in Bridgeport

      One-bedroom condo with modern amenities and convenient location.
      153 Marconi Ave, Bridgeport, CT 06606
      View Details
    • $730,000

      Bridgeport Triplex with Income Potential

      Legal 3-family property in Bridgeport with upgrades and income potential.
      2395 Main St, Bridgeport, CT 06606
      View Details
    • $629,900

      Updated Multifamily Home in Bridgeport

      Updated two-family home, ideal for owner-occupancy or investment.
      90 Tom Thumb St, Bridgeport, CT 06606
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,351 SF

      Bridgeport Apartment with Renovated Bath

      Spacious 2-bedroom apartment in Bridgeport's North End, near amenities.
      25 Hunting St, Bridgeport, CT 06606
      View Details
    • $1,550 /Mo

      Modern One-Bedroom Apartment For Rent

      Bright, clean one-bedroom apartment available now in Bridgeport, CT.
      159 Charles St, Bridgeport, CT 06606
      View Details
    • $1,595 /Mo

      Spacious North End Apartment

      Move-in ready 1-bedroom apartment with updated features and parking.
      105 Manhattan Ave, Bridgeport, CT 06606
      View Details
    • $2,200 /Mo

      North End Bridgeport Apartment

      Well-maintained 3-bedroom apartment in Bridgeport's desirable north end.
      111 Parkview Ave, Bridgeport, CT 06606
      View Details
    • $1,300 /Mo

      Bright Studio Apartment Available

      Move-in ready studio apartment with open layout and natural light.
      52 Mckinley Ave, Bridgeport, CT 06606
      View Details
    • $1,900 /Mo

      Clean Two Bedroom Apartment

      Bright, clean 2-bedroom apartment available for rent now.
      2336 Charles St, 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.
    278 Whitney Ave, Unit 284
    Bridgeport, CT 06606-5439
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.