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Property profile & analytics
OFF-MARKET
Estimated value
$10,800,000
Showrooms
500 Sylvan Ave Bridgeport, CT 06606-3017
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-0585817
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,747 SF
Lot
5.56 ac (242,194 SF)
Zoning code
B
APN
BRID M:67 B:2136 L:1-G
UPID
US15-0585817
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
-
Hancock Pharmacy IV Pharmacy
-
Amazon Locker - Holt Postal Service Courier Service
-
Coin Cloud Bitcoin ATM Atm Crypto Atm
-
FOOD BAZAAR Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.21M
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$10.80M
Owner & transaction history
Bg Bridgeport Realty LLC · 12 yrs held
Bg Bridgeport Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
B · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.1M
+64.9%
Auto repair, garage
$12.8M
+50.0%
Retail stores
$10.2M
+19.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$13,220,000
6.5%
$12,205,000
7%
$11,335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,530,000
Current use
RESTAURANT
$14,065,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,790,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$10,175,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$10.80M
Range $9.72M – $11.88M · ±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
$197 / 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
$261,569
Tax year 2023
Assessed value
$6,020,000
Assessed 2023
Previous assessed
$6,020,000
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$1,167,600
Assessed improvement
$4,852,400
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
54,747 SF
Lot
5.56 ac (242,194 SF)
Zoning code
B
APN
BRID M:67 B:2136 L:1-G
UPID
US15-0585817
Jurisdiction
BRIDGEPORT
Zoning & alternative use
B · Bridgeport, CT
Zoning B · permitted uses
B · 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
COMMERCIAL (GENERAL) Current
Est. value
$8.5M
RESTAURANT
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$12.8M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5.56 ac
Current owner
From public records · entity-resolved
Bg Bridgeport Realty LLC
Entity
Mailing address
PO BOX 990, MINNEAPOLIS, MN 55440-0990
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2014
$12,000,000
Bg Bridgeport Realty LLC
Windsor USA INC
Warranty Deed
$8,400,000 · Wilshire Credit
Sep 27, 2005
$1,909,375
Windsor INC
Lenoci,alfred SR
Warranty Deed
—
Sep 27, 2005
$4,582,500
Windsor INC
David Massey
Warranty Deed
$9,999,999 · Greenwich Capital Fin
Sep 27, 2005
$3,055,000
Windsor INC
Tartaglia,remo
Warranty Deed
—
Jul 11, 1996
—
500 Sylvan Ave Uc
—
Deed Of Trust
related
$2,000,000 · Ge Capital Assurance
Jun 2, 1995
—
500 Sylvan Ave Uc
—
Deed Of Trust
related
$700,000 · Patriot Bank NA
Apr 29, 1994
$500,000
Vc 500 Sylvan Assoc
Aetna Life Ins Co
Warranty Deed
—
—
—
Bg Bridgeport Realty LLC
—
Deed Of Trust
related
$7,600,000 · Bank Of Hope
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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