Add Listing
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

    850 Hancock Ave Bridgeport, CT 06605-1913

    • Apartment buildings
    • 8,361 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2023
    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0059238
    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

    • Apartment buildings

    Property Details for 850 Hancock Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    8,361 SF
    Zone code
    RC
    Property type
    Apartment buildings
    APN
    BRID M:26 B:1215 L:60
    APU
    BRIDM26B1215L60

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,640,000
      6.5%
      $1,515,000
      7%
      $1,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,208,000
      Market price range: $709k - $1.25M
      AI Estimate
      $906,000
      Market price range: $545k - $912k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $975,000
      Current use
      AUTO REPAIR, GARAGE
      $1,955,000
      Change: +101% Conversion: Difficult
      RETAIL STORES
      $1,555,000
      Change: +60% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,025,000
      Change: +5% Conversion: Moderate
      OFFICE BUILDING
      $1,010,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2129
    Latitude
    41.1717
    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
    $24,011
    $230,020
    $322,582
    $552,602
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      46,143 SF

      575 Ellsworth St

      Multifamily properties • 46,143 SF
      575 Ellsworth St, Bridgeport, CT 06605
      View Details
    • Value Estimation
      $510,000
      0.52 Acres

      201 Grv St

      APARTMENT HOUSE (5+ UNITS) • 0.52 Acres
      201 Grv St, Bridgeport, CT 06605
      View Details
    • Value Estimation by Request
      0.18 Acres

      80 Fox St

      Multifamily properties • 0.18 Acres
      80 Fox St, Bridgeport, CT 06605
      View Details
    • Value Estimation by Request
      0.70 Acres

      543 Ellsworth St

      Multifamily properties • 119,200 SF
      543 Ellsworth St, Bridgeport, CT 06605
      View Details
    • Value Estimation
      $1,180,000
      10,500 SF

      1054 Hancock Ave

      APARTMENT HOUSE (5+ UNITS) • 10,500 SF
      1054 Hancock Ave, Bridgeport, CT 06605-1914
      View Details
    • Value Estimation by Request
      2,760 SF

      89 Jetland Pl, Unit 91

      APARTMENT HOUSE (5+ UNITS) • 2,760 SF
      89 Jetland Pl, Bridgeport, CT 06605-3318
      View Details

    Similar Nearby for Sale

    • $649,900
      3,204 SF

      Bridgeport Multifamily Investment Opportunity

      Three-family home in Black Rock near water and amenities.
      373 Midland St, Bridgeport, CT 06605
      View Details
    • New
      $779,900
      Pending

      Updated Multifamily Property Near Beach

      Updated multifamily property near Seabright Beach and local amenities.
      318 Grovers Ave, Bridgeport, CT 06605
      View Details
    • $995,000
      4,750 SF

      Historic Apartment Building Investment Opportunity

      Historic 15-unit apartment building near Klein Auditorium.
      357 Norman Street Ext, Bridgeport, CT 06605
      View Details
    • $5,535,000
      0.70 Acres

      Black Rock Development Opportunity

      123-Unit Multifamily Development Site
      543 Ellsworth St, Bridgeport, CT 06605
      View Details
    • $194,900
      Pending

      Renovated One-Bedroom Co-op

      Upscale, renovated one-bedroom co-op in historic Black Rock Gardens.
      37 Rowsley St, Bridgeport, CT 06605
      View Details
    • $1,749,999

      Bridgeport Multifamily Investment Opportunity

      Eight-unit multifamily building in Bridgeport's desirable Black Rock neighborhood.
      31 Whittier St, Bridgeport, CT 06605
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      Pending

      Modern 2 Bedroom Apartment

      Bright, modern 2-bedroom apartment available for rent.
      1599 Hancock 3, Bridgeport, CT 06605
      View Details
    • $2,000 /Mo
      Pending

      Bright, Clean One Bedroom Apartment

      One bedroom apartment for rent.
      2888 Fairfield Ave, Bridgeport, CT 06605
      View Details
    • $1,750 /Mo
      Pending

      Renovated Apartments in Blackrock

      Newly renovated apartments in desirable Blackrock neighborhood, Bridgeport, CT.
      45 Monroe St, Bridgeport, CT 06605
      View Details
    • $2,025 /Mo
      Pending

      Modern Two Bedroom Apartment

      Clean, move-in ready 2-bedroom apartment available for rent.
      1018 Hancock Ave, Bridgeport, CT 06605
      View Details
    • $1,850 /Mo
      Pending

      Renovated Two Bedroom Apartment

      Clean, modern, renovated 2-bedroom apartment available for rent.
      1589 Fairfield Ave, Bridgeport, CT 06605
      View Details
    • $2,025 /Mo
      Pending

      Spacious Four Bedroom Apartment Available

      Move-in ready four bedroom apartment with bonus room available now.
      1018 Hancock Ave, Bridgeport, CT 06605
      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.
    850 Hancock Ave
    Bridgeport, CT 06605-1913
    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!