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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Showrooms
498-500 Hallett St Bridgeport, CT 06608
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0241726
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,672 SF
Lot
0.14 ac (6,204 SF)
Zoning code
RC
APN
BRID M:43 B:1753 L:5
UPID
US15-0241726
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.04M
Owner & transaction history
Tri State Bus Vent 4 LLC · 3 yrs held
Tri State Bus Vent 4 LLC
since 2022
7 recorded transactions
Zoning & alternative use
RC · Bridgeport, 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 Bridgeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgeport 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
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,685,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
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
$71 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,187
Tax year 2023
Assessed value
$579,670
Assessed 2023
Previous assessed
$579,670
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$42,210
Assessed improvement
$537,460
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
10
Bathrooms
9
Total area
14,672 SF
Lot
0.14 ac (6,204 SF)
Zoning code
RC
APN
BRID M:43 B:1753 L:5
UPID
US15-0241726
Jurisdiction
BRIDGEPORT
Zoning & alternative use
RC · Bridgeport, CT
Zoning RC · permitted uses
RC · Bridgeport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
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
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
10
Bathrooms
9
Lot
0.14 ac
Current owner
From public records · entity-resolved
Tri State Bus Vent 4 LLC
Entity
Mailing address
1335 WOOD AVE FL, BRIDGEPORT, CT 06604-1442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Tri-state Bus Vent II LLC
—
Deed
related
$1,680,000 · Silver Heights Dev LLC
Nov 10, 2022
—
Tri State Bus Vent 4 LLC
Tri State Property LLC
Warranty Deed
—
Apr 27, 2021
—
Tri State Fix&flip LLC
Tri State Property LLC
Warranty Deed
$10,000,000 · Corevest American Finance
Jan 7, 2020
—
Tri St Prop LLC
—
Deed
related
$1,000,000 · Silver Hts Dev LLC
Aug 22, 2019
—
Tri St Prop LLC
—
Deed
related
$900,000 · Silver Hts Dev LLC
Jun 17, 2019
—
Tri St Prop LLC
—
Deed
related
$900,000 · Silver Hts Dev LLC
Feb 5, 2018
—
Tri State Property LLC
—
Deed
related
$500,000 · Silver Heights Capita
Dec 22, 2014
$104,000
Hugo|fores Marilyn Flores
Habitat For Hmnty Coastal
Quit Claim Deed
—
Aug 24, 2000
—
Shepherd Christia Good
—
Deed Of Trust
related
$120,000 · Peoples Bank
—
—
Tri St Prop LLC
—
Deed Of Trust
related
$900,000 · Silver Hts Dev LLC
—
—
Tri St Prop LLC
—
Deed Of Trust
related
$900,000 · Silver Hts Dev LLC
—
—
Tri St Prop LLC
—
Deed Of Trust
related
$1,000,000 · Silver Hts Dev LLC
—
—
Tri State Property LLC
—
Deed Of Trust
related
$500,000 · Silver Heights Capita
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.
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