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

    38 Bingham St Bristol, CT 06010-7084

    • Residential income homes
    • 2,486 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0094980
    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 38 Bingham St

    Year built
    1910
    Lot size
    0.08 lot acres
    Property size
    2,486 SF
    Zone code
    R-15/R
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    BRIS M:40 L:4-0166960
    APU
    BRISM40L40166960

    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
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8995
    Latitude
    41.6728
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    $6,238
    $28,700
    $176,820
    $205,520
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,584 SF

      96 Chestnut St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,584 SF
      96 Chestnut St, Bristol, CT 06010-6281
      View Details
    • Value Estimation by Request
      1,720 SF

      3 Driscoll Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,720 SF
      3 Driscoll Dr, Bristol, CT 06010-6438
      View Details
    • Value Estimation by Request
      2,890 SF

      19 Lincoln Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,890 SF
      19 Lincoln Pl, Bristol, CT 06010-5009
      View Details
    • Value Estimation by Request
      2,495 SF

      211 Ee Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,495 SF
      211 Ee Rd, Bristol, CT 06010-6837
      View Details
    • Value Estimation by Request
      3,090 SF

      320 Ww St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,090 SF
      320 Ww St, Bristol, CT 06010-1908
      View Details
    • Value Estimation by Request
      2,918 SF

      283 Ww St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,918 SF
      283 Ww St, Bristol, CT 06010-5707
      View Details

    Similar Nearby for Sale

    • $825,000
      6,940 SF

      Bristol 7-Unit Apartment Building

      Value-add multifamily investment opportunity.
      444 West St, Bristol, CT 06010
      View Details
    • $229,900

      Remodeled Unit with New Kitchen

      Remodeled unit with new kitchen, baths, flooring, and appliances.
      79 Beths Ave, Bristol, CT 06010
      View Details
    • $339,000

      Spacious Two-Family Home with Garage

      Well-maintained two-family home with garage and level yard.
      39 Williams St, Bristol, CT 06010
      View Details
    • New
      $309,900
      2,048 SF

      Bristol Two-Family Home with Expansion Potential

      Two-family home in great condition with expansion potential.
      21 Ward St, Bristol, CT 06010
      View Details
    • $389,000

      Fully Leased Two-Family Home

      Turnkey investment property with steady cash flow in Bristol.
      111 Federal St, Bristol, CT 06010
      View Details
    • $425,000

      Bristol Triplex: Investment or Owner-Occupancy

      Three-unit property in good condition, ideal for investors or owner-occupants.
      23 Sunrise Ter, Bristol, CT 06010
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Renovated 3-Bedroom Apartment For Rent

      Newly renovated 3-bedroom apartment near Bristol Hospital and shopping.
      101 Stearns St, Bristol, CT 06010
      View Details
    • $1,500 /Mo

      Updated Third Floor Apartment

      Updated apartment with garage, close to shopping and downtown.
      18 Walnut St, Bristol, CT 06010
      View Details
    • $975 /Mo

      Bristol Efficiency Apartment For Rent

      Cozy 1-bedroom apartment near library, shops, and transportation.
      255 Main St, Bristol, CT 06010
      View Details
    • $2,600 /Mo

      New Downtown Bristol Apartment

      New 3-bedroom apartment in downtown Bristol available November 1, 2024.
      100 N Main St, Bristol, CT 06010
      View Details
    • $1,475 /Mo

      One Bedroom Apartment For Rent

      One bedroom apartment with utilities included, convenient location.
      49 Washington St, Bristol, CT 06010
      View Details
    • $1,600 /Mo

      Two-Bedroom Apartment for Rent

      Well-maintained two-bedroom apartment with parking and basement laundry hookups.
      52 Jacobs St, Bristol, CT 06010
      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.
    38 Bingham St
    Bristol, CT 06010-7084
    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.