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    Property profile & analytics

    1 Rte 2nd 2 Preston, CT 06365-8419

    • Investment properties
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US15-0783153
    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

    • Investment properties

    Property Details for 1 Rte 2nd 2

    Lot size
    0.50 lot acres
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PRES M:17-0 B:2 L:1
    APU
    PRESM170B2L1

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Preston
    County
    New London
    State
    Connecticut
    Longitude
    -72.0516
    Latitude
    41.5175
    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
    2024
    $3,516
    $45,850
    $104,580
    $150,430
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $235,000
      43.88 Acres

      38 Doolittle Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 43.88 Acres
      38 Doolittle Rd, Preston, CT 06365-8608
      View Details
    • Value Estimation
      $360,000
      2,339 SF

      5 Hollowell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,339 SF
      5 Hollowell Rd, Preston, CT 06365-8707
      View Details
    • Value Estimation
      $185,000
      0.44 Acres

      127 Rte 12

      OFFICE/RESIDENTIAL (MIXED USE) • 0.44 Acres
      127 Rte 12, Preston, CT 06365-8331
      View Details
    • Value Estimation
      $330,000
      24.75 Acres

      31 Rte 2nd 2

      OFFICE/RESIDENTIAL (MIXED USE) • 24.75 Acres
      31 Rte 2nd 2, Preston, CT 06365-8445
      View Details
    • Value Estimation
      $235,000
      4.72 Acres

      22 Old Shetucket Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 4.72 Acres
      22 Old Shetucket Tpke, Preston, CT 06365-8718
      View Details
    • Value Estimation
      $305,000
      17.85 Acres

      99 Rte 2a

      OFFICE/RESIDENTIAL (MIXED USE) • 17.85 Acres
      99 Rte 2a, Preston, CT 06365-8539
      View Details

    Similar Nearby for Sale

    • $240,000

      Mixed-Use Property with Brook Border

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    • $150,000
      Pending

      Residential Land in Doolittle Subdivision

      6.84-acre residential land available in Preston, Connecticut.
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    • Contact for pricing

      Development Opportunity Near Mohegan Sun

      Car wash, convenience store, and gas station near Mohegan Sun.
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      Preston Specialty Property For Sale

      Specialty property available for purchase in Preston, Connecticut.
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      Route 164 Specialty Property

      Specialty property available for sale on Route 164.
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      75.09 Acres

      75-Acre Equestrian Farm, Preston, CT

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    1 Rte 2nd 2
    Preston, CT 06365-8419
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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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