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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Industrial properties
12 Colton Rd, East Lyme, CT 06333-1435
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0241591
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
STEEL FRAME
Total area
20,135 SF
Lot
3.07 ac (133,729 SF)
Zoning code
LI
APN
ELYM M:009.0 B:00009 L:00000
UPID
US15-0241591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ALT | American Laboratory Trading Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.27M
Owner & transaction history
Hg Alt LLC · 4 yrs held
Hg Alt LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LI · East Lyme, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+38.7%
Commercial (general)
$1.7M
+35.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Lyme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Lyme submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,230,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,230,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,665,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.30M (Aug 25 2021)
Last sale anchor
$1.30M
Aug 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,865
Tax year 2023
Assessed value
$798,420
Assessed 2023
Previous assessed
$798,420
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$250,950
Assessed improvement
$547,470
Applied tax rate
352.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
20,135 SF
Lot
3.07 ac (133,729 SF)
Zoning code
LI
APN
ELYM M:009.0 B:00009 L:00000
UPID
US15-0241591
Jurisdiction
EAST LYME
Zoning & alternative use
LI · East Lyme, CT
Zoning LI · permitted uses
LI · East Lyme, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Lyme. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
3.07 ac
Current owner
From public records · entity-resolved
Hg Alt LLC
Entity
Free & Clear · 4 yrs held
Mailing address
12 COLTON RD, EAST LYME, CT 06333-1435
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Hg Alt LLC
—
Deed
related
$7,000,000 · C3bank NA
Aug 25, 2021
$1,300,000
Hg Alt LLC
12 Colton Road LLC
Warranty Deed
—
Dec 23, 2020
—
12 Colton Rd LLC
—
Deed
related
$355,325 · Westfield Bank Fsb
May 11, 2012
—
12 Colton Road LLC
—
Deed Of Trust
related
$200,000 · Connecticut Bank & Trust
Dec 31, 2008
$850,000
12 Culton Road LLC
T&j Realty Co INC
Warranty Deed
$768,000 · Zuckerman Family Nomi
Dec 31, 2008
$1
T&j Realty Co INC
Sudberry House INC
Grant Deed
related
—
Dec 8, 1988
$84,500
Ellenio Ptnrs
Hughes,donald
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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