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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    504 Bridgeport Ave Shelton, CT 06484-4765

    • Commercial real estate
    • 11,660 SF
    • 1.55 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2023
    $950,000
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0599776
    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

    • Common Grounds Bridgeport Ave. (Shelton) / Coffee Shop / Coffee Roasters
    • Prudential Connecticut Realty / Commercial Real Estate Agency / Real Estate Agency
    • Leo Tobacco & Cigar / Tobacco Shop
    • Lisa Glazer, Berkshire Hathaway NE Prop. / Real Estate Agent
    • Dennis Palmer at Prosperity Home Mortgage - Shelton / Mortgage Lender

    Property Details for 504 Bridgeport Ave

    Year built
    2004
    Lot size
    1.55 lot acres
    Property size
    11,660 SF
    Zone code
    IA-2
    Property type
    Commercial real estate
    APN
    SHEL M:51 L:9
    APU
    SHELM51L9

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,350,000
      Market price range: $332k - $1.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1127
    Latitude
    41.2879
    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
    2024
    $51,704
    $434,000
    $2,261,700
    $2,695,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      50,000 SF

      Bridgeport Ave

      Land • 50,000 SF
      0 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Value Estimation
      $130,000
      11.73 Acres

      381 Bridgeport Ave

      COMMERCIAL (GENERAL) • 11.73 Acres
      381 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Value Estimation
      $430,000
      2.77 Acres

      749 Bridgeport Ave, Unit 769

      COMMERCIAL (GENERAL) • 2.77 Acres
      749 Bridgeport Ave, Shelton, CT 06484-4704
      View Details
    • Value Estimation
      $270,000
      0.24 Acres

      Jordan Ave

      COMMERCIAL (GENERAL) • 0.24 Acres
      Jordan Ave, Shelton, CT 06484
      View Details
    • Value Estimation
      $1,125,000
      39,497 SF

      100 Commerce Dr Ste, Unit 110

      COMMERCIAL (GENERAL) • 39,497 SF
      100 Commerce Dr Ste, Shelton, CT 06484-6262
      View Details
    • Value Estimation
      $300,000
      330 SF

      2 Armstrong Rd

      COMMERCIAL (GENERAL) • 330 SF
      2 Armstrong Rd, Shelton, CT 06484-4735
      View Details

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      Shelton Specialty Property For Sale

      Specialty property available for purchase in Shelton, Connecticut.
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    • $849,000

      Mixed-Use Building with Investment Potential

      Two-story building featuring a bar and two apartments.
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      Shelton Specialty Property for Sale

      Specialty property available for purchase in Shelton, Connecticut.
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    Similar Nearby for Lease

    • $198 SF/Yr
      94,800 SF

      Waterview Drive Office Space Available

      94,800 SF Office Building, Fairfield County
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      View Details
    • Contact for pricing
      63,000 SF

      Four-Story Office Building For Rent

      63,000 Sq.Ft. office building in a three-building office park.
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      View Details
    • Contact for pricing
      18,730 SF

      Office and Light Industrial Building

      65,000 sq. ft. office and light industrial building for rent.
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      8,886 SF

      Shelton Office Space with Amenities

      Commercial property in industrial park with cafeteria, health club, daycare.
      100 Beard Sawmill Rd, Shelton, CT 06484
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    • $32 SF/Yr
      5,968 SF

      Bridgeport Avenue Office Building

      5,968 SF office building, flexible space, convenient location.
      887 Bridgeport Ave, Shelton, CT 06484
      View Details
    • Contact for pricing
      1,044 SF

      Premier Office Space Available

      Office space for rent in premier corporate park building.
      1 Corporate Dr, Shelton, CT 06484
      View Details

    Property Visit Statistics

    • Visits by month
      4.3k
    • Visitors by month
      3.2k
    • Avg Time on site
      17 min
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    504 Bridgeport Ave
    Shelton, CT 06484-4765
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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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