Technical
Financial
Distress signals
Property profile

1 Rte 2nd 2 Preston, CT 06365

OFF-MARKET
Investment properties
Property ID
US15-0783153
0.5 ac lot
Individually Owned 39-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.5 ac (21,780 SF)
Zoning code C-1
APN PRES M:17-0 B:2 L:1
UPID US15-0783153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Rte 2nd 2 Preston, CT 06365-8419
Preston metro Census 700100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 1987
2 recorded transactions
1988
Price N/A
1987
$73,000

Zoning & alternative use

C-1 · Preston, CT
Zoning description

4.1.6 Commercial (C-1) - This district provides opportunities for a variety of retail and personal service activities to serve the residents of both Preston and the surrounding area. Selection of these areas and the stan…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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