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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Retail space
494 Bridgeport Ave Shelton, CT 06484-4748
Individually Owned
2-yr Hold
Free & Clear
Property ID
US15-0594336
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
7,728 SF
Lot
0.64 ac (27,878 SF)
Zoning code
IA-2
APN
SHEL M:51 L:8
UPID
US15-0594336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reid & Todd (Bike/Boat/Book/etc) Store
-
CT House Buy LLC Corporate Office
-
Contemporary Alarms Security Service
-
Ampro Office Products LLC Marketing & Advertising Printing Service
-
DRP LLCwill help protect you from... Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$935k
Owner & transaction history
Crown Pt Asso Of Shelton · 2 yrs held
Crown Pt Asso Of Shelton
since 2023
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
IA-2 · Shelton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$895,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,435,000
Current use
OFFICE BUILDING
$1,350,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $950k (Dec 13 2023)
Last sale anchor
$950k
Dec 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,052
Tax year 2024
Assessed value
$1,358,280
Assessed 2024
Previous assessed
$1,358,280
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$227,570
Assessed improvement
$1,130,710
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
1
Stories
1
Total area
7,728 SF
Lot
0.64 ac (27,878 SF)
Zoning code
IA-2
APN
SHEL M:51 L:8
UPID
US15-0594336
Jurisdiction
SHELTON
Zoning & alternative use
IA-2 · Shelton, CT
Zoning IA-2 · permitted uses
IA-2 · Shelton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Crown Pt Asso Of Shelton
Individual
Free & Clear · 2 yrs held
Mailing address
494 BRIDGEPORT AVE, SHELTON, CT 06484-4748
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$950,000
Crown Pt Asso Of Shelton
Crown Point Center LLC
Warranty Deed
—
Jul 31, 2003
—
Crown Point Assoc LLC
—
Deed Of Trust
related
$1,300,000 · Naugatuck Valley Sla
Oct 9, 2002
—
494 Bridgeport Ave LLC
—
Deed Of Trust
related
$1,850,000 · Naugatuck Valley Sla
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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