Add Listing
    For Sale
    • 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

    76 Park Road Lebanon, CT 06249

    View on Map
    Claim this Listing
    For Sale
    $74,900

    LAND - Lebanon, CT

    Lot size:
    0.45 Acres
    Added:
    Jul 15, 2023
    Days on Market:
    1006
    Last Refresh:
    Apr 15 at 12:06 am

    Property Features for 76 Park Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1037

    Utilities

    Utilities
    Phone Available, Cable Available
    Sewer type
    Public Sewer
    Water source
    None, Well Needed

    We can help!

    Listing Contact
    Tricia Schuiten

    Listing agent Tricia Schuiten

    Listing office Realty Connection 19 Pinney Street, Ellington, CT

    Listing date Jul 15, 2023

    MLS# 170583378 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

    Land Near Amston Lake

    This 0.45-acre land parcel is located a short walk from the town beach at Amston Lake in Lebanon, CT. The property includes a large storage outbuilding. A sewer line is located in the street. The property is zoned RA. A drilled well will be needed. Town approval of building plans is required. This property presents an investment opportunity for year-round lake access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Pharmacy Cosmetic Store Nursing Home Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    New London
    State
    Connecticut
    Longitude
    -72.31805
    Latitude
    41.617886

    Nearby Similar for Sale

    • $824,900
      7,392 SF

      Established Lebanon Plaza For Sale

      Mixed-use commercial property with high visibility and strong tenant presence.
      385 Beaumont Highway, Lebanon, CT 06249
      View Details
    • $824,900

      Established Lebanon Plaza For Sale

      Mixed-use commercial property on 14.93 acres with multiple businesses.
      385 Beaumont Hwy, Lebanon, CT 06249
      View Details
    • $41,500

      Land in Amston Lake Community

      Residential land in Lebanon, CT, near Amston Lake.
      Ryan Terrace, Lebanon, CT 06249
      View Details
    • $1,995,000

      Lebanon Farm with River Access

      168+ acre farm featuring river, pond, and cultivated land.
      65 Trumbull Highway, Lebanon, CT 06249
      View Details
    • $921,000

      Lebanon Farmland with Event Barn

      34-acre commercial-agricultural property with renovated barn and antique colonial.
      139 W Town St, Lebanon, CT
      View Details
    • $98,500

      Land in Lebanon, Connecticut

      Residential land with drilled well in Lebanon, Connecticut.
      59 Trumbull Highway, Lebanon, CT 06249
      View Details
    • $921,000
      2,588 SF

      Commercial-Agricultural Opportunity in Historic Lebanon

      34-acre property with farmland and renovated event barn.
      139 West Town Street, Lebanon, CT 06249
      View Details
    • $921,000
      1,244 SF

      Historic Lebanon Farm with Vineyard

      34-acre farm with vineyard, barn, and antique colonial.
      139 West Town Street, Lebanon, CT 06249
      View Details
    • $1,995,000

      Connecticut Farm with River Frontage

      Beautiful farm with river, pond, and cultivated land.
      65 Trumbull Highway, Lebanon, CT 06249
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land near town beach at Amston Lake.
    Where is this residential land & home lot located?
    The property is located at 76 Park Road Lebanon, CT.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Short walk to Amston Lake town beach; Opportunity for year‑round lake property; Sewer line available in the street (Public Sewer)
    (860) 680-9374
    We can help!
    Listing Contact
    Tricia Schuiten
    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!