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    350 Bridgeport Ave Shelton, CT 06484
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    Property profile & analytics

    350 Bridgeport Ave Shelton, CT 06484

    View on Map
    • Retail space
    • 19,900 SF
    • 2.99 lot acres
    For Lease
    $1,795,000
    View Listing →
    Retail Space with Drive-Up Window For Lease
    $1,795,000
    4,032 SF

    Retail Space with Drive-Up Window

    4,032 SF retail space with drive-up window available forrent.

    350 Bridgeport Ave, Shelton, CT
    View Listing
    Property ID
    US15-0826091
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hertz - Uber Shelton / Car Rental Facility
    • Smoke World / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Linda's Liquors & Wines / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • 55 Gallon Drums Shelton / Big Box & Wholesale Store / Factory
    • ATM (First Niagara Bank) / Atm

    Property Details for 350 Bridgeport Ave

    Year built
    2006
    Lot size
    2.99 lot acres
    Property size
    19,900 SF
    Zone code
    PDD
    Property type
    Retail space
    APN
    SHEL M:77 L:33
    APU
    SHELM77L33

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,561,000
      Market price range: $944k - $2.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1063
    Latitude
    41.2971
    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
    $52,974
    $397,670
    $2,634,590
    $3,032,260
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      14,554 SF

      90 Huntington St

      RETAIL STORES (PERSONAL SERVICES) • 14,554 SF
      90 Huntington St, Shelton, CT 06484-5241
      View Details
    • Value Estimation by Request
      3,246 SF

      425 Riv Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,246 SF
      425 Riv Rd, Shelton, CT 06484-4508
      View Details
    • Value Estimation
      $930,000
      12,870 SF

      514 Bridgeport Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,870 SF
      514 Bridgeport Ave, Shelton, CT 06484-4766
      View Details
    • Value Estimation by Request
      2,576 SF

      5 Huntington St

      RETAIL STORES (PERSONAL SERVICES) • 2,576 SF
      5 Huntington St, Shelton, CT 06484
      View Details
    • Value Estimation
      $710,000
      15,747 SF

      515 Bridgeport Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,747 SF
      515 Bridgeport Ave, Shelton, CT 06484-5366
      View Details
    • Value Estimation
      $2,695,000
      33,652 SF

      850 Bridgeport Ave

      RETAIL STORES (PERSONAL SERVICES) • 33,652 SF
      850 Bridgeport Ave, Shelton, CT 06484-4891
      View Details

    Similar Nearby for Sale

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      1,100 SF

      Prime Retail Space on Howe

      Excellent visibility in historic downtown Shelton. Perfect for retail.
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      2,644 SF

      New Construction Cava in Shelton

      New construction Cava pad site in Fountain Square.
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      New Retail Strip Center

      New construction retail strip center 100% leased to fourteen tenants.
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      14,193 SF

      New Retail Strip Center

      New construction retail strip center in Shelton, Connecticut.
      795 Bridgeport Ave, Shelton, CT 06484
      View Details
    • $799,000
      3,188 SF

      Downtown Shelton Bar/Cafe For Sale

      Fully equipped bar/cafe in downtown Shelton with indoor/outdoor seating.
      127 Center St, Shelton, CT 06484
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,032 SF

      Retail Space with Drive-Up Window

      4,032 SF retail space with drive-up window available forrent.
      350 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      1,500 SF

      Shelton Retail Space For Rent

      Retail space available in a prime commuter corridor location.
      858-902 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing

      Shelton Flex Warehouse Retail Space

      Flex, warehouse, medical, or retail space available for rent.
      750 Bridgeport Ave, Shelton, CT 06484
      View Details
    • $1,900 /Mo

      Downtown Shelton Retail Space Available

      Commercial space in historic downtown Shelton with high visibility.
      494 Howe Ave, Shelton, CT 06484
      View Details
    • $25 SF/Yr

      Shelton Retail/Office Space Available

      Modern, flexible retail or office spaces in a prime location.
      350 Bridgeport Ave, Shelton, CT 06484
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.0k
    • Avg Time on site
      27 min
    View Listing
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    Shelton, CT 06484
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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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    350 Bridgeport Ave, Shelton, CT, 06484
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