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    19 Halls Rd Old Lyme, CT 06371

    • Commercial real estate
    • 5.22 lot acres
    For Sale
    View listing
    $5,100,000
    Value Estimation
    Last Sale
    Apr 04, 2023
    $3,575,000
    Location Intelligence
    Property ID
    US15-0959479
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Law Office of Khorey L. Peterson / Real Estate Attorney
    • Sablone Francis / Attorney
    • Amy B Weldon / Nurse Practitioner
    • Rubino Law LLC / Law Firm
    • Hair Trendz Hair Salon, LLC / Hair Salon

    Property Details for 19 Halls Rd

    Lot size
    5.22 lot acres
    Property type
    Commercial real estate
    APN
    OLYM M:21 L:64
    APU
    OLYMM21L64

    Description

    This 50,223 sq ft shopping center in Old Lyme, CT, offers a compelling redevelopment opportunity. Boasting 100% occupancy, two buildings, and 154 parking spaces, this multi-tenant property features a diverse mix of established businesses, including medical offices and everyday-needs retailers. Located on US Route 1 with high daily traffic counts, it benefits from strong area demographics and a high barrier to entry market. The property includes 35 units across two stories, built in 1964 and renovated in 1991, situated on a 5.22-acre lot with C30-s zoning. The asking price is $5,100,000, representing a 7.02% cap rate with a pro-forma cap rate of 9.20%. The property offers significant upside potential and is ideally positioned within a thriving retail corridor. The center is directly across from a major retail center anchored by Big Y and Walgreens. The property has approximately 430 feet of frontage on Halls Road (US Route 1) with two means of entry and egress. There is potential for expansion by adding a retail pad on the Route 1 frontage. The property is conveniently located off Interstate 95, exit 70.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,930,000
      6.5%
      $3,860,000
      7%
      $3,760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,455,000
      Geo Method
      $3,385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,880,000
      Retail
      $2,710,000
      Mixed-Use
      $3,715,000
      Hospitality
      $3,450,000
      Educational
      $2,745,000
      Residential Income
      $2,930,000
      Energy
      $3,290,000
      Income-Based Land
      $2,960,000
      Food Service
      $3,160,000

    Location Insight

    • Map
    • Local Demand
    City
    Old Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.3342
    Latitude
    41.3249
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $65,154
    $1,152,500
    $1,620,000
    $2,772,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.07 Acres

      7 Halls Rd

      COMMERCIAL (GENERAL) • 1.07 Acres
      7 Halls Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation by Request
      11.62 Acres

      6 Vis Dr

      COMMERCIAL (GENERAL) • 11.62 Acres
      6 Vis Dr, Old Lyme, CT 06371-1588
      View Details
    • Value Estimation
      $545,000
      0.18 Acres

      1 Fry Rd

      COMMERCIAL (GENERAL) • 0.18 Acres
      1 Fry Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation
      $295,000
      2,970 SF

      81 Halls Rd

      SHOW ROOM, WAREHOUSE • 2,970 SF
      81 Halls Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation
      $310,000
      3.59 Acres

      35 Mccurdy Rd

      COMMERCIAL (GENERAL) • 3.59 Acres
      35 Mccurdy Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation
      $920,000
      1,519 SF

      105 Shr Rd

      SHOW ROOM, WAREHOUSE • 1,519 SF
      105 Shr Rd, Old Lyme, CT 06371-2614
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $15 SF/Yr

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    19 Halls Rd
    Old Lyme, CT 06371
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    Realmo Value Estimation

    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.

    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.

    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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