Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Commercial Property For Sale Title is generated by Realmo AI

    212 Saybrook Road, Haddam, CT 06441

    View on Map
    Claim this Listing
    Pending
    $525,000

    COMMERCIAL - Haddam, CT

    Property size:
    8,073 SF
    Lot size:
    1.36 Acres
    Added:
    Aug 28, 2020
    Days on Market:
    2089
    Last Refresh:
    May 17 at 4:06 am

    Property Features for 212 Saybrook Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMM
    Parking
    7
    Standard status
    Pending
    Size
    8,073 SF
    Lot size
    1.36 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    13733

    Utilities

    Heating system
    Baseboard
    Cooling system
    Wall Unit(s)
    Water source
    Private

    Building Details

    Year built
    1968
    Flooring type
    Tile - Ceramic, Tile, Vinyl, Concrete, Carpet - Full

    We can help!

    Listing Contact
    Karen Johnson

    Listing agent Karen Johnson

    Listing office Coldwell Banker Calabro 1017 Elm Street, Rocky Hill, CT

    Listing date Aug 28, 2020

    MLS# 170331444 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.

    HighLights

    • Mixed‑use property offering both commercial and residential opportunities.
    • Existing residential house at the rear, perfect for living or renting out.
    • Potential for diverse commercial uses such as office, retail, or service businesses.
    • Current net annual income of approximately $31,496.83.
    • Rental units feature desirable hardwood floors, decks, and appliances.
    • Explore the potential for conversion to over 65 housing units with a variance.

    Overview

    This mixed-use commercial property features four offices on the first level, suitable for build-out into office spaces or retail businesses such as salons, barber shops, attorney's offices, jewelry stores, doggy day care/grooming facilities, dental offices, chiropractic practices, repair shops, or banks. A stand-alone residential house is located at the back of the property. The rental units are well-maintained, featuring hardwood floors and decks, and include appliances. The property spans 8,073 square feet on a 1.36-acre lot. With a variance, the property could potentially be converted into housing units for those over 65. The current net annual income is approximately $31,496.83. Redesigning the commercial units could lead to a positive cash flow. The Shad Museum, previously located on the property, has been donated to the Historical Society and will be removed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Haddam
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.565689
    Latitude
    41.500057

    Nearby Similar for Sale

    • $49,900
      1,000 SF

      Turnkey Smoke and Vape Business

      Profitable smoke and vape business for sale with established clientele.
      106 Bridge Road, Haddam, CT 06438
      View Details
    • $699,000
      2,567 SF

      Higganum Former Citizen’s Bank Building

      Free-standing building with ample parking at a traffic light.
      6 Killingworth Rd, Haddam, CT 06441
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial property with office spaces and residential house.
    Where is this mixed-use property located?
    The property is located at 212 Saybrook Road Haddam, CT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Mixed‑use property offering both commercial and residential opportunities.; Existing residential house at the rear, perfect for living or renting out.; Potential for diverse commercial uses such as office, retail, or service businesses.
    (860) 834-1992
    We can help!
    Listing Contact
    Karen Johnson
    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

    Thank You for Inquiry
    212 Saybrook Road, Haddam, CT 06441
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!