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Property profile & analytics
FOR SALE
Commercial real estate
159 Boston Post Rd East Lyme, CT 06333
Entity Owned
6-yr Hold
Property ID
US15-1185638
For Sale
1 / 31
$2,600,000
159 Boston Post Rd, East Lyme, CT 06333
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
2,234 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CA
APN
ELYM M:031.1 B:00032 L:00000
UPID
US15-1185638
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
159 Boston Post Road LLC · 6 yrs held
159 Boston Post Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
CA · East Lyme, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
20.25 RESTAURANT OUTDOOR DINING IN CA AND CB ZONES- The purpose of this section is to promote and regulate Outdoor Dining. Outdoor dining shall be permitted outright subject to compliance with Section 20.25 and approval by the Zoning Official. Such dining shall be subject to a Special Permit for establishments that serve alcoholic beverages (see Section 25 “…
Zone name
Commercial
General category
COMMERCIAL
Zone area
687.78 ac
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
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
$2,511
Tax year 2023
Assessed value
$100,940
Assessed 2023
Previous assessed
$100,940
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$98,420
Assessed improvement
$2,520
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1920
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
8
Bathrooms
3
Total area
2,234 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CA
APN
ELYM M:031.1 B:00032 L:00000
UPID
US15-1185638
Jurisdiction
EAST LYME
Zoning & alternative use
CA · East Lyme, CTZoning CA · permitted uses
CA · East Lyme, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
20.25 RESTAURANT OUTDOOR DINING IN CA AND CB ZONES- The purpose of this section is to promote and regulate Outdoor Dining. Outdoor dining shall be permitted outright subject to compliance with Section 20.25 and approval by the Zoning Official. Such dining shall be subject to a Special Permit for establishments that serve alcoholic beverages (see Section 25 “Special Permits”) A standard fast-food restaurant, may, as an accessory use, provide outdoor dining subject to the following standards: A. Applicant shall submit a site plan to the Zoning Official for administrative review and the Zoning Commission for Special Permit Applications. B. 1. The area subject to such dining may shall not exceed one thousand square
Zone name
Commercial
General category
COMMERCIAL
Zone area
687.78 ac
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
8
Bathrooms
3
Lot
0.35 ac
Current owner
From public records · entity-resolved
159 Boston Post Road LLC
Entity
Mailing address
57 E MAIN ST, MYSTIC, CT 06355-2829
Ownership since
2019
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
Sep 10, 2019
$185,000
159 Boston Post Road LLC
Wells Fargo Bank NA
Warranty Deed
$190,000 · Joseph Fatone
Feb 12, 2019
—
Wells Fargo Bk NA
Jin Lee|wells Fargo Bk NA
Foreclosure
related
—
Dec 10, 2007
$460,000
Jin A Nguyen
Verma,baljit K
Warranty Deed
$345,000 · Wells Fargo Mortgage
Apr 29, 2004
$242,500
Baljit Verma
Shelton,timothy
Warranty Deed
$194,000 · Countrywide Home Loans INC
Nov 14, 2000
—
Timothy C Shelton
—
Deed Of Trust
related
$18,000 · Dime Savings Bank Norwich
Feb 19, 1999
$133,400
Timothy Shelton
Saint Matthias Chrch
Warranty Deed
$113,390 · National Mortgage Co
Feb 19, 1999
—
Timothy Shelton
—
Deed Of Trust
related
$6,600 · Eastern Mortgage Service INC
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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