Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    602 Un Ave Bridgeport, CT 06607-1428
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 Un Ave Bridgeport, CT 06607-1428

    View on Map
    • Showrooms
    • 2,740 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US15-0195975
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 602 Un Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    2,740 SF
    Zone code
    ORS
    Property type
    Showrooms
    APN
    BRID M:37 B:709 L:1
    APU
    BRIDM37B709L1

    Description

    This exceptional Bridgeport, Connecticut restaurant property, located at 602-612 Union Ave, presents a unique investment opportunity. The 4,038 square foot building is currently 100% occupied under a modified lease agreement with multiple tenants. Situated in a vibrant area and zoned ORS, this property boasts numerous recent interior and exterior renovations, minimizing the need for immediate capital expenditures. Key features include a 10' ceiling height, natural gas heat, city sewer and water connections, and ample parking. The building also includes a convenient 10' x 10' overhead door, ideal for loading and storage, and benefits from robust 400-amp 3-phase electrical service. The property includes garage/storage space at the end cap, adding to its versatility and potential. Located in Fairfield County, with a Bridgeport address and 06608 zip code, this property offers a strong return on investment in a desirable location. The asking price is $500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1647
    Latitude
    41.1804
    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
    2023
    $5,580
    $34,110
    $94,320
    $128,430
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      660 Un Ave

      SHOW ROOM, WAREHOUSE • 2,280 SF
      660 Un Ave, Bridgeport, CT 06607-1111
      View Details
    • Value Estimation by Request
      5,580 SF

      886 Seaview Ave

      SHOW ROOM, WAREHOUSE • 5,580 SF
      886 Seaview Ave, Bridgeport, CT 06607-1610
      View Details
    • Value Estimation by Request
      2,836 SF

      456 Connecticut Ave

      SHOW ROOM, WAREHOUSE • 2,836 SF
      456 Connecticut Ave, Bridgeport, CT 06607
      View Details
    • Value Estimation by Request
      4,880 SF

      1098 Connecticut Ave

      SHOW ROOM, WAREHOUSE • 4,880 SF
      1098 Connecticut Ave, Bridgeport, CT 06607
      View Details
    • Value Estimation by Request
      3,130 SF

      840 Connecticut Ave

      SHOW ROOM, WAREHOUSE • 3,130 SF
      840 Connecticut Ave, Bridgeport, CT 06607-1118
      View Details
    • Value Estimation by Request
      1,092 SF

      493 Connecticut Ave

      SHOW ROOM, WAREHOUSE • 1,092 SF
      493 Connecticut Ave, Bridgeport, CT 06607-1019
      View Details

    Similar Nearby for Sale

    • $650,000

      Updated Bridgeport Triplex Near Transportation

      Tastefully updated three-unit building in Bridgeport with commuter access.
      73 Orange St, Bridgeport, CT 06607
      View Details
    • New
      $499,900
      Pending

      Bridgeport Multifamily with Finished Third

      Two-family home with a finished third floor and separate entrance.
      239 Beardsley St, Bridgeport, CT 06607
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Move-in-ready 646 SF commercial unit in Bridgeport, CT.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,600 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Move-in ready 681 SF commercial unit in vibrant Bridgeport.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,550 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Move-in-ready 646 SF commercial unit in Bridgeport.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,900 /Mo
      2,418 SF

      Renovated Commercial Space on Stratford

      Renovated 1,002 SF commercial space in Bridgeport, CT.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $1,850 /Mo
      2,418 SF

      Renovated Commercial Unit on Stratford

      Renovated 954 SF commercial unit in vibrant Bridgeport.
      1294 Stratford Ave, Bridgeport, CT 06607
      View Details
    • $2,250 /Mo
      2,418 SF

      Stratford Avenue Commercial Space Available

      Versatile commercial spaces in a high-traffic Bridgeport location for rent.
      1294 Stratford Ave, Bridgeport, CT 06607
      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.
    602 Un Ave
    Bridgeport, CT 06607-1428
    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.
    Sign Up Successful!
    You now have access to more from Realmo!