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    Property profile & analytics

    269 Flanders Rd East Lyme, CT 06357

    • Land
    • 26.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 269 Flanders Rd

    Lot size
    26.64 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.2067
    Latitude
    41.3596

    Comparable in this City

    • Value Estimation
      $340,000
      4.30 Acres

      10 King Arthur Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4.30 Acres
      10 King Arthur Dr, Niantic, CT 06357-1205
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    • Value Estimation
      $220,000
      4,005 SF

      393 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,005 SF
      393 Main St, Niantic, CT 06357-3128
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    • Value Estimation
      $240,000
      1,758 SF

      11 Grand St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,758 SF
      11 Grand St, Niantic, CT 06357-3249
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    • Value Estimation
      $230,000
      2,049 SF

      3 Pattagansett Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,049 SF
      3 Pattagansett Rd, Niantic, CT 06357-2339
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    • Value Estimation
      $225,000
      2,056 SF

      480 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,056 SF
      480 Main St, Niantic, CT 06357-3155
      View Details
    • Value Estimation
      $250,000
      3,765 SF

      175 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,765 SF
      175 Main St, Niantic, CT 06357-3219
      View Details

    Similar Nearby for Sale

    • $639,000

      Land For Sale

      Land available for sale.
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      Land For Sale

      Land available for sale.
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    • $1,250,000
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      Niantic Village Mixed-Use Opportunity

      Rare Main Street property with water views and on-site parking.
      171 Main St, Niantic, CT 06357
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    • $3,895,000

      Multi-Family Property Near Beach Community

      Multi-family property in a sought-after beach community with 11 units.
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    • $775,000
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      Residential Land Near Beach Community

      Approved building lot near Long Island Sound with association amenities.
      15 Griswold Rd, Niantic, CT 06357
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    • $1,875,000

      Land For Sale

      Commercial land available for sale.
      94 Old Black Point Rd, Niantic, CT 06357
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    Similar Nearby for Lease

    • $2,200 /Mo

      Remodeled Duplex in Downtown Niantic

      Remodeled half duplex near beaches, shops, and restaurants.
      56 Smith St, Niantic, CT 06357
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    • $1,600 /Mo

      Apartment Near Giants Neck Beach

      Two-bedroom apartment with beach access and in-unit laundry.
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      Flexible Spaces in Rocky Neck

      Modern flex spaces with overhead doors and A/C for rent.
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    • $14 SF/Yr
      1,925 SF

      Niantic Office Space For Lease

      Second floor commercial space in well-maintained professional building on Flanders Road.
      179 Flanders Rd, East Lyme, CT 06357
      View Details
    • $13 SF/Yr
      9,600 SF

      Rocky Neck Flex Space Available

      Modern flex space, I-95 access, 800-4000 sqft.
      11 Freedom Way & Liberty Way, East Lyme, CT 06357
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    • $1,560 /Mo
      1,664 SF

      Industrial Warehouse Space For Lease

      1,664 SF warehouse space available for lease.
      218 Flanders Rd, Niantic, CT 06357
      View Details
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    269 Flanders Rd
    East Lyme, CT 06357
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    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
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