Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Remodeled Apartment Near Town Beach Title is generated by Realmo AI

    30 Nichols Ln, Waterford, CT 06385

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,400 /Mo

    Remodeled apartment near town beach with included utilities.

    Type:Multi Family
    Lot size:
    0.30 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 19 at 8:54 am

    Property Features for 30 Nichols Ln

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Michele Kripps
    Michele Kripps

    Listing agent Michele Kripps

    Listing office

    Listing date Mar 23, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Michele Kripps

    HighLights

    • Remodeled in 2026 with new siding, front doors, carpeting, Pergo, soft close cabinets, counter tops, range/oven, and hood.
    • Heat and hot water included in rent.
    • Close to town beach.
    • Owner takes care of lawn and yard maintenance.
    • One off‑street parking space.
    • First‑floor unit.

    Overview

    This remodeled apartment, updated in 2026, features new siding, front doors, carpeting, Pergo flooring, and soft-close cabinets. The kitchen includes new countertops, a range/oven, and a hood. Located close to the town beach, this first-floor unit includes one off-street parking space. The owner handles lawn and yard maintenance, heat, and hot water. Tenants are responsible for cable/internet and electricity. Please note that pets and smoking are not permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Building Supply Gym & Fitness Center Daycare Center Hotel & Motel Bar & Pub Grocery & Convenience Store Food Market Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    New London
    State
    Connecticut
    Longitude
    -72.14468
    Latitude
    41.308666

    Nearby Similar for Lease

    • $2,500/Mo
      1,500 SF

      Shared Professional Residency Opportunity

      Professional space for wellness practitioners, consultants, or specialty services.
      70 Boston Post Road, Waterford, CT 06385
      View Details
    • $750/Mo
      1,500 SF

      Professional Residency on Boston Post

      Shared professional residency with flexible leasing options available.
      70 Boston Post Road, Waterford, CT 06385
      View Details
    • $3,600/Mo
      2,000 SF

      Waterford Medical/Professional Space For Rent

      Versatile medical/professional space in high-visibility Waterford location.
      256 Boston Post Rd, Waterford, CT 06385
      View Details
    • $3,600/Mo
      2,126 SF

      Waterford Medical/Professional Space For Rent

      Versatile medical/professional space in a high-visibility Waterford location.
      256 Boston Post Road, Waterford, CT 06385
      View Details
    • $1,250/Mo
      1,008 SF

      Furnished Office Space in Waterford

      Furnished office condo with easy access and excellent parking.
      567 Vauxhall Street Ext., Waterford, CT 06385
      View Details
    • $750/Mo
      600 SF

      Office Space Near I-395

      First-floor office space with utilities included, near I-395.
      1068 Hartford Turnpike, Waterford, CT 06385
      View Details
    • $750/Mo

      Commercial

      1068 Hartford Tpke, Waterford, CT 06385
      View Details
    • $10 SF/Yr
      1,150 SF

      Retail Space on Boston Post

      1150 SF retail space with high visibility available for lease.
      316 Boston Post Rd, Waterford, CT
      View Details
    • $1,700/Mo
      4,000 SF

      Flex Building with Highway Access

      Flex space available for lease with immediate highway access.
      82 Boston Post Rd, Waterford, CT
      View Details
    • $3,600/Mo

      Waterford Medical/Professional Space For Rent

      Versatile medical/professional space in high-visibility Waterford location.
      256 Boston Post Road, Waterford, CT 06385
      View Details
    • Contact for pricing
      1,703 SF

      Class A Medical Office Space

      Prime medical office space for lease in Waterford, Connecticut.
      196 Waterford Pkwy S, Waterford, CT
      View Details
    • $5,900/Mo
      9,348 SF

      Industrial Building in Jordan Village

      Industrial building for lease with office space and ample parking.
      6 Mill Lane, Waterford, CT 06385
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Remodeled apartment near town beach with included utilities.
    Where is this multifamily property located?
    The property is located at 30 Nichols Ln Waterford, CT.
    What is the lease rate?
    The lease rate is $1,400 /Mo.
    What are key features of this property?
    This property features: Remodeled in 2026 with new siding, front doors, carpeting, Pergo, soft close cabinets, counter tops, range/oven, and hood.; Heat and hot water included in rent.; Close to town beach.
    (860) 739-6277
    We can help!
    Listing Contact
    Michele Kripps
    Michele Kripps
    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
    30 Nichols Ln, Waterford, CT 06385
    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!