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

    62-14 Middlesex Tpke Old Saybrook, CT 06475

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $850,000

    Large, versatile land parcel in Old Saybrook with subdivision potential.

    Lot size:
    26.41 Acres

    Property Features for 62-14 Middlesex Tpke

    General Information

    Standard status
    Contract
    Lot size
    26.41 Acres

    We can help!

    Listing Contact
    Kevin Kennedy
    Source: Corcoran

    Listing Agency: Kennedy Real Estate Solutions Listing Agent: Kevin Kennedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    26+ Acre Wooded Subdivision Potential

    This 26+ acre wooded parcel presents opportunities for various uses, including a private farm, a multi-generational compound, or a subdivision development. Stone walls and mature trees contribute to the setting. The sale includes parcels identified as Tax Map 62, Lots 14, 15, and 16. Access is provided via a 50-foot easement over Tax Map 62, Lot 35, leading to Middlesex Turnpike. A rough logging road provides interior access to the land. The property benefits from low taxes due to its current enrollment in forestry. The western boundary runs along Route 9, while the northern border meets the Essex town line. Located in Old Saybrook, near beaches, the town center, shopping, and The Kate theater, the parcel offers access to Rt 9 and Rt 95.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.380684
    Latitude
    41.307851

    Nearby Similar for Sale

    • $139,000
      Pending

      Updated Office Space in Saybrook

      Updated office space with parking near the center of town.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $225,000
      2,400 SF

      Two-Unit Commercial Office Space

      Two-unit commercial office space for sale in Old Saybrook, CT.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $499,900

      Turn-Key Restaurant Opportunity

      Established restaurant and bar in Old Saybrook for sale.
      254 Main St, Old Saybrook, CT 06475
      View Details
    • New
      $85,000
      900 SF

      Updated Office Space For Sale

      Turnkey office space with updated systems and ample parking.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $85,000
      900 SF

      Updated Office Space For Sale

      900 SF office space with updated HVAC system.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $225,000
      2,400 SF

      Two-Unit Commercial Office Building

      Two commercial office units totaling 2,400 SF for sale.
      123 Elm St #13, Old Saybrook, CT 06475
      View Details
    • $1,900,000
      31,414 SF

      Versatile Industrial-Warehouse-Office Property For Sale

      31,414 SF light industrial property with flexible configurations available for sale.
      35 Research Pkwy, Old Saybrook, CT 06475
      View Details
    • $139,000
      1,200 SF

      Updated Office Space For Sale

      Updated office space with storage in a convenient location.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $114,000
      1,200 SF

      Updated Office Space For Sale

      Updated 1,200 SF office space with private restrooms.
      123 Elm St, Old Saybrook, CT 06475
      View Details
    • $950,000

      Old Saybrook Center Property

      Property available for sale in Old Saybrook Center.
      621 Boston Post Rd, 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 Pl, Old Saybrook, CT 06475
      View Details
    • $595,000

      Old Saybrook Specialty Property

      Specialty property available for sale in Old Saybrook Center.
      18 Quarry St, Old Saybrook, CT 06475
      View Details

    FAQs

    What type of property is this?
    Land - Large, versatile land parcel in Old Saybrook with subdivision potential.
    Where is this land located?
    The property is located at 62-14 Middlesex Tpke Old Saybrook, CT.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Large 26+ acre wooded lot offering privacy and potential uses such as a private estate, family compound, or subdivision development.; - Convenient location in Old Saybrook, near beaches, shopping, the town center, and the Katharine Hepburn Cultural Arts Center ('The Kate').; - Easy access to Route 9 and Route 95.
    (860) 304-4433
    Request Owner's contact information
    62-14 Middlesex Tpke Old Saybrook, CT 06475
    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.
    62-14 Middlesex Tpke
    Old Saybrook, CT 06475
    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
    62-14 Middlesex Tpke Old Saybrook, CT 06475
    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

    We can help!
    Listing Contact
    Kevin Kennedy
    Real Estate License ID: REB.0757006
    (860) 304-4433 (860) 388-9669
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!