Property profile

123 Elm St 15 Old Saybrook, CT 06475

FOR SALE
Other office properties
Property ID
US15-0998910
1,200 SF Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

An updated office suite totaling approximately 1,200 square feet across two levels, with an additional lower-level basement area that can function as storage. The suite includes two restrooms and has flooring upgrades throughout. The unit is situated away from main thoroughfares, with a layout intended for a quieter work setting. Located near the center of town, the property provides off-street parking for employees and visitors. The building includes Unit 13 and Unit 14, which are designed to be combined for a larger footprint of up to approximately 3,600 square feet, depending on tenant or owner requirements. The configuration and finishes support a range of business uses such as professional office and wellness-related services, with dedicated restroom facilities and supplemental storage for day-to-day operations.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 1985
Construction FRAME
Total area 1,200 SF
Zoning code B-2
APN OSAY M:036 B:059 L:U015
UPID US15-0998910

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Real Estate Agency
  • Construction Company General Contractor
  • Medical Clinic
  • Coworking & Hybrid Office

Location

123 Elm St, Unit 15 Old Saybrook, CT 06475
Old Saybrook metro Census 670200 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2022
4 recorded transactions
2022
$30,900
2020
Price N/A
2019
Price N/A
2017
Price N/A

Zoning & alternative use

B-2 · Old Saybrook, CT
Zoning description

one. 1. None. C. Townhouse TH Subzone. 1. None. D. Multi-family MF Subzone. 1. Saybrook Junction Multi-family MF Subzone. The Saybrook Junction Multi- family Subzone overlays that portion of the Shopping Center Business…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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