Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    70 Elizabeth St Bridgeport, CT 06610-3219

    • Showrooms
    • 5,040 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0675227
    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

    • Showrooms

    Property Details for 70 Elizabeth St

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    5,040 SF
    Zone code
    LI
    Property type
    Showrooms
    APN
    BRID M:44 B:1828 L:12-C
    APU
    BRIDM44B1828L12C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $430,000
      Market price range: $326k - $809k
      AI Estimate
      $393,000
      Market price range: $352k - $781k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $590,000
      Current use
      OFFICE BUILDING
      $610,000
      Change: +3% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $585,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.16
    Latitude
    41.1873
    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
    $11,228
    $93,510
    $164,900
    $258,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,255,000
      187,426 SF

      94 Boston Ave, Unit 180

      SHOW ROOM, WAREHOUSE • 187,426 SF
      94 Boston Ave, Bridgeport, CT 06610-1604
      View Details
    • Value Estimation
      $370,000
      4,890 SF

      1803 Barnum Ave

      SHOW ROOM, WAREHOUSE • 4,890 SF
      1803 Barnum Ave, Bridgeport, CT 06610-3021
      View Details
    • Value Estimation
      $365,000
      2,940 SF

      2326 Main St

      SHOW ROOM, WAREHOUSE • 2,940 SF
      2326 Main St, Bridgeport, CT 06610-1860
      View Details
    • Value Estimation
      $350,000
      2,864 SF

      593 Grant St, Unit 615

      SHOW ROOM, WAREHOUSE • 2,864 SF
      593 Grant St, Bridgeport, CT 06610-3230
      View Details
    • Value Estimation
      $345,000
      4,540 SF

      1742-1746 Barnum Ave

      SHOW ROOM, WAREHOUSE • 4,540 SF
      1742-1746 Barnum Ave, Bridgeport, CT 06610
      View Details
    • Value Estimation
      $645,000
      7,628 SF

      1549-1551 Barnum Ave

      SHOW ROOM, WAREHOUSE • 7,628 SF
      1549-1551 Barnum Ave, Bridgeport, CT 06610
      View Details

    Similar Nearby for Sale

    • $299,900

      Mixed-Use Property Near Beardsley Park

      Mixed-use property near Beardsley Park, renovation needed.
      2310 East Main St, Bridgeport, CT 06610
      View Details
    • $1,486,384
      1,440 SF

      KFC NNN Investment Opportunity

      NNN leased KFC restaurant in high-traffic Bridgeport corridor.
      333 Boston Ave, Bridgeport, CT 06610
      View Details
    • $549,900
      0.24 Acres

      Bridgeport Commercial Trio-Lot Opportunity

      Three lots, endless potential, prime location.
      175 Success Ave, Bridgeport, CT 06610
      View Details
    • Contact for pricing
      9,568 SF

      Prime Bridgeport Retail Space

      9,568 SF Freestanding Retail Building
      2610 Main St, Bridgeport, CT 06610
      View Details
    • $849,000
      6,912 SF

      Versatile Commercial Building on Corner Lot

      Two-story, 6,912 SF commercial building on 0.25 acres.
      2400 Barnum Ave, Bridgeport, CT 06610
      View Details
    • $445,000
      2,000 SF

      Turnkey Diner in Treeland Area

      Established diner with loyal customer base and strong brand recognition.
      472 Huntington Rd, Bridgeport, CT 06610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,568 SF

      Prime Bridgeport Retail Space

      9,568 SF Freestanding Retail Building
      2610 Main St, Bridgeport, CT 06610
      View Details
    • $2,000 /Mo
      2,077 SF

      North End Retail or Office

      Retail or office space in North End Bridgeport available for rent.
      2313 East Main St, Bridgeport, CT 06610
      View Details
    • $14 SF/Yr
      4,400 SF

      Retail/Shop Building in Bridgeport, CT

      4400 sq ft retail/shop building for lease in Bridgeport.
      2126 Boston Ave, Bridgeport, CT 06610
      View Details
    • $200 SF/Yr
      250 SF

      Commercial Space For Lease

      Commercial space suitable for storage or vehicle parking in Bridgeport.
      1840 Barnum Ave, Bridgeport, CT 06610
      View Details
    • $200 SF/Yr
      350 SF

      Secure Garage Space For Lease

      Well-located garage ideal for vehicle storage and household items.
      1840 Barnum Ave, Bridgeport, CT 06610
      View Details
    • Contact for pricing
      16,750 SF

      Retail Space on High-Traffic Corner

      Retail property with high visibility and ample parking available for lease.
      2093 Main St, Bridgeport, CT 06610
      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.
    70 Elizabeth St
    Bridgeport, CT 06610-3219
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.