Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    60 Ingham Hill Road Old Saybrook, CT 06475

    View on Map
    Claim this Listing
    Pending
    $699,500

    LAND - Old Saybrook, CT

    Lot size:
    8.11 Acres
    Added:
    Feb 1, 2025
    Days on Market:
    452
    Last Refresh:
    Apr 29 at 8:06 am

    Property Features for 60 Ingham Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Pending
    Lot size
    8.11 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    28

    Utilities

    Utilities
    Phone Available, Cable Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Matt Diamond

    Listing agent Matt Diamond

    Listing office Houlihan Lawrence WD 101 Main Street, Milford, CT

    Listing date Feb 1, 2025

    MLS# 24072144 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Old Saybrook

    This 8.1-acre lot is located on the Oyster River in Old Saybrook, Connecticut, and is currently set as farmland. The property features 1,400 feet of river frontage leading to Long Island Sound. It has over 50 feet of road frontage and a large footprint within the 50-foot tidal wetlands setback. The land is accessible from I-95 and is located minutes away from beaches and Main Street. The property is zoned A. This site could be suitable for development, particularly for those sensitive to the needs of the land, or to continue meeting the demand for organic foods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.391248
    Latitude
    41.290273

    Nearby Similar for Sale

    • $225,000
      2,400 SF

      Two-Unit Commercial Office Space

      Two-unit commercial office space for sale in Old Saybrook, CT.
      123 Elm Street, Old Saybrook, CT 06475
      View Details
    • $549,000
      960 SF

      Charming Building in Old Saybrook

      Office or retail building with tenant in place until 2030.
      1029 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • $499,900

      Turn-Key Restaurant Opportunity

      Established restaurant and bar in Old Saybrook for sale.
      254 Main Street, Old Saybrook, CT 06475
      View Details
    • $495,000

      Old Saybrook Commercial Land Available

      32.66 acres of commercial land in Old Saybrook, CT.
      Middlesex Turnpike, Old Saybrook, CT 06475
      View Details
    • $849,900
      2,616 SF

      Historic Mixed-Use Property For Sale

      Antique property in Old Saybrook with retail and residential spaces.
      323 Main Street, Old Saybrook, CT 06475
      View Details
    • $950,000
      4,256 SF

      Gas Station and Repair Facility

      B-2 Zoned gas station and repair facility for sale.
      621 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • $549,000

      Charming Building in Old Saybrook

      Office or retail building with deeded river access.
      1029 Boston Post Rd, Old Saybrook Center, CT 06475
      View Details
    • $699,500
      4,157 SF

      High-Visibility Retail/Office Opportunity

      Retail or office space on busy Route 1 near I-95.
      523 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • $850,000
      2,236 SF

      Mixed-Use Investment Property on Route 1

      Mixed-use property with office/retail space and residential apartments.
      1780 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • $1,200,000
      2,614 SF

      Retail Land with Conveyor System

      Retail space and land with unique conveyor belt system.
      277 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • Contact for pricing
      960 SF

      Office/Retail Building with Lease

      Charming building suitable for office or retail with tenant.
      1029 Boston Post Road, Old Saybrook, CT 06475
      View Details
    • $695,000

      Commercial Land in B4 Zone

      1.25 acres of commercial land for sale.
      1333 Boston Post Road #1, Old Saybrook, CT 06475
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 8.1-acre waterfront lot with 1,400 feet of river frontage.
    Where is this agricultural land / farmland located?
    The property is located at 60 Ingham Hill Road Old Saybrook, CT.
    What is the asking price?
    The asking price for this property is $699,500.
    What are key features of this property?
    This property features: 8.1‑acre waterfront lot with **1,400 feet of Oyster River frontage** leading to Long Island Sound.; Large footprint within the 50‑foot tidal wetlands setback.; Suitable for builders sensitive to the needs of the land.
    (860) 391-9461
    We can help!
    Listing Contact
    Matt Diamond
    Learn More
    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.
    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!