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    100 Mechanic St Pawcatuck, CT 06379-2163
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    Property profile & analytics

    100 Mechanic St, Pawcatuck, CT 06379-2163

    View on Map
    • Industrial properties
    • 16.60 lot acres
    Off-Market
    Property ID
    US15-0971420
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Applied Physical Sciences Corporation - APS / Acoustical Consultant / Computer Consultant
    • General Dynamics Information Technology / Industrial Manufacturer / Factory
    • Fibrelite Corporation / Industrial Manufacturer / Production Facility
    • Pawcatuck Hurricane Pumping Station / Public Works Department

    Property Details for 100 Mechanic St

    Lot size
    16.60 lot acres
    Zone code
    HM
    Property type
    Industrial properties
    APN
    STON M:4 B:7 L:16
    APU
    STONM4B7L16

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2001 — Pawtucket Bus Park LLC — Deed Of Trust · related $13.4M · Worth Funding INC
    Nov 2, 1998 $2,750,000 Web Press Heildelberg Heidelberg Americas Warranty Deed $2.8M · Worth Funding INC
    — — Phoenix Pawcatuck LLC — Deed Of Trust · related $45.6M · Walker & Dunlop

    Description

    This exceptional Stonington, CT property at 100 Mechanic St offers a unique blend of office and industrial space, ideal for a variety of businesses. The building, constructed in 1920 and boasting a total of 262,542 square feet across three stories, sits on a generous 16.6-acre lot. The property is zoned M1: Manufacturing and HM: Heritage Mill District, providing flexibility for various uses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,757 square feet to a maximum contiguous space of 6,874 square feet. Currently, 12,221 square feet of industrial space is immediately available for lease. The property features 12 dock-high doors and 10 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 180+ surface spaces. The building is equipped with heavy power, catering to businesses with significant energy demands. The property's APN is STON-000004-000007-000016, located in New London County, CT, 06379. This prime location offers a unique opportunity to establish or expand your business in a historic yet functional setting. Inquire today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawcatuck
    County
    New London
    State
    Connecticut
    Longitude
    -71.8337
    Latitude
    41.3701
    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
    $58,151
    $814,900
    $2,237,300
    $3,052,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      32.01 Acres

      35 Extrusion Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      35 Extrusion Dr, Pawcatuck, CT 06379
      View Details
    • Value Estimation by Request
      950 SF

      10 Alice Ctb4

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb4, Pawcatuck, CT 06379-1383
      View Details
    • Value Estimation by Request
      8.90 Acres

      82 Mechanic St

      INDUSTRIAL (GENERAL)
      82 Mechanic St, Pawcatuck, CT 06379-2154
      View Details
    • Value Estimation
      $2,030,000
      90,520 SF

      21 Pawcatuck Ave

      INDUSTRIAL (GENERAL)
      21 Pawcatuck Ave, Pawcatuck, CT 06379-2421
      View Details
    • Value Estimation by Request
      2,040 SF

      10 Alice Ctb6

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb6, Pawcatuck, CT 06379-1383
      View Details
    • Value Estimation by Request
      11,058 SF

      12 Alice Ct

      INDUSTRIAL (GENERAL)
      12 Alice Ct, Pawcatuck, CT 06379-1384
      View Details

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    Similar Nearby for Lease

    • $1,500 /Mo
      1,300 SF

      Newly Renovated Shared Office Space

      High-exposure, shared office space available for immediate occupancy.
      158 South Broad St, Stonington, CT 06379
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Customizable commercial space with high visibility and flexible lease terms.
      A-158 S Broad St, Pawcatuck, CT 06379
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    • $800 /Mo

      Renovated Corner Office Space Available

      Private corner office in Pawcatuck with shared amenities for rent.
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    • Contact for pricing

      One Acre Development Parcel

      One acre development parcel available for ground lease.
      472-474 Liberty St, Pawcatuck, CT 06379
      View Details
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    100 Mechanic St
    Pawcatuck, CT 06379-2163
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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.

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