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Property profile & analytics
OFF-MARKET
Showrooms
154 Williams St New London, CT 06320-5230
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0281867
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1886
Construction
FRAME
Total area
2,594 SF
Lot
0.18 ac (7,757 SF)
APN
NLON M:E11 B:0215 L:0016
UPID
US15-0281867
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rickie L Burns · 1 yrs held
Rickie L Burns
since 2025
Last sale
$360,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New London 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,778
Tax year 2023
Assessed value
$128,310
Assessed 2023
Previous assessed
$128,310
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$46,690
Assessed improvement
$81,620
Applied tax rate
384.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1886
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
2
Total area
2,594 SF
Lot
0.18 ac (7,757 SF)
APN
NLON M:E11 B:0215 L:0016
UPID
US15-0281867
Jurisdiction
NEW LONDON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1886
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Rickie L Burns
Individual
Mailing address
154 WILLIAMS ST, NEW LONDON, CT 06320-5230
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$360,000
Rickie L Burns
Avila LLC
Warranty Deed
$367,740 · Resicentral LLC
Jul 11, 2024
$200,000
Avila LLC
Deal House Cap Fund II Ll
Warranty Deed
$287,000 · Rflf 4 LLC
Nov 6, 2023
$115,000
Deal House Cap Fund II Ll
Charles Salters
Warranty Deed
—
May 29, 2020
$50,000
Charles Salters
Orlando Saverio
Executors Deed
—
Oct 12, 1995
$48,500
Saverio Orlando
American Natl Red Cros
Warranty 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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