Add Listing
    For Lease
    • 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

    90 Halls Rd Old Lyme, CT 06371

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail/Office, Old Lyme, CT

    Lot size:
    6,862 SF

    Property Features for 90 Halls Rd

    General Information

    Property type
    Banks
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,862 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    2
    Stories
    2

    Spaces For Lease

    at 90 Halls Rd, Old Lyme, CT 06371 Contact us
    Unit 1,798 SF - Inline space

    $15 /Mo

    Size
    1,798 SF
    Contact us
    Unit 1,564 SF - Inline space

    $13 /Mo

    Size
    1,564 SF
    Contact us

    We can help!

    Listing Contact
    J. Richard Lee
    J. Richard Lee

    Listing Agency: O, R&L Commercial Branford Listing Agent: J. Richard Lee

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

    Learn more

    Property Insight Report

    Overview

    The Old Lyme Marketplace offers exceptional retail and office opportunities in a high-traffic location on Route 1 (Halls Road) in Old Lyme, Connecticut. This Class B property features two buildings totaling approximately 6,064 square feet of vacant space, situated on 12.35 acres of land. The property includes a 3,500-square-foot freestanding building, ideal for a bank branch due to its existing two drive-thrus, or adaptable for other retail or office uses. This building boasts high-quality finishes. Additionally, there are two inline spaces available: a 1,564-square-foot space and a 1,798-square-foot space, currently built out as a salon. These inline spaces benefit from a prime location between anchor tenants Big Y and Walgreens, ensuring high foot traffic. The property offers ample parking, a signalized entrance, and convenient access to I-95 at Exit 70. Built in 1990, the two-story buildings are zoned C-30 and have 240v, 400-amp power. The property taxes are $1.96 per square foot. Other tenants in the shopping center include Subway, Snap Fitness, Grand Wine & Spirits, Old Lyme Hardware, Select Physical Therapy, and Office Express. The minimum divisible space is 1,564 square feet, with a maximum contiguous space of 3,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Atm APC DRIVING Training Center Bank of America ATM ... Atm Walgreens Pharmacy Pharmacy BROOKE ULIANO Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.336735169569
    Latitude
    41.323001309276

    Nearby Similar for Lease

    • Contact for pricing
      622 SF

      Old Lyme Office Space Available

      Office space available for lease in Old Lyme, Connecticut.
      10 Vista Dr, Old Lyme, CT 06371
      View Details
    • $12 SF/Yr
      12,000 SF

      Old Lyme Office Building For Lease

      Two-story office building in Old Lyme with highway access.
      55-57 Hatchetts Hill Rd, Old Lyme, CT 06371
      View Details
    • $15 SF/Yr

      Class A Office Space Available

      4,000 SF Class A office space for lease.
      57 Hatchetts Hill Rd, Old Lyme, CT 06371
      View Details
    • $15 SF/Yr
      4,000 SF

      Class A Office Space Available

      4,000 SF Class A office space for lease.
      57 Hatchetts Hill Rd, Old Lyme, CT 06371
      View Details
    • $13 SF/Yr
      8,299 SF

      Adaptable Office Space For Lease

      Two-level office space with flexible layout and prime location.
      57 Hatchetts Hl Rd #1, Old Lyme, CT 06371
      View Details
    • $13 SF/Yr

      Specialty Property for Rent

      Specialty property available for rent.
      57 A, Old Lyme, CT 06371
      View Details

    FAQs

    What type of property is this?
    Bank - Prime Retail/Office, Old Lyme, CT
    Where is this bank located?
    The property is located at 90 Halls Rd Old Lyme, CT.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Old Lyme Marketplace, prime retail location in Old Lyme's premier retail corridor on Route 1.; 3,500 SF freestanding retail/office building with two drive-thrus.; High-quality finishes.
    (203) 483-2040 Call to check price and availability
    Request Owner's contact information
    90 Halls Rd Old Lyme, CT 06371
    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.
    90 Halls Rd
    Old Lyme, CT 06371
    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
    90 Halls Rd Old Lyme, CT 06371
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing J. Richard Lee
    J. Richard Lee
    Real Estate License ID: RES.0766102
    (203) 483-2040 (203) 488-1555
    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!