Property profile

1384 Rte 85 Montville, CT 06353

OFF-MARKET
Warehouses
Property ID
US15-0718580
3,200 SF 0.82 ac lot Built 1979
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction STEEL FRAME
Total area 3,200 SF
Lot 0.82 ac (35,719 SF)
Zoning code LI
APN MONT M:006 B:021 L:000
UPID US15-0718580

Cap rate & NOI

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

Location

1384 Rte 85 Montville, CT 06353
Montville metro Census 695202 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2017
$240,000
2016
$268,000
2010
Price N/A
2008
$362,500
2004
$222,500
1999
Price N/A

Zoning & alternative use

LI · Montville, CT
Zoning description

LI District Amended -13.3.9 Special Permits Amended - 17.8.A.4 October 1,1994 Home Occupation Permits Amended -4.6.2.3(11) Special Permits Amended - 17.15.10 Signs Amended- 20.2.6 May 13, 1996 Definition Amended- Dwellin…

General category INDUSTRIAL

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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