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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Showrooms
162-166 Main St Old Saybrook, CT 06475
Entity Owned
~
Est. High Equity
Property ID
US15-0279750
Property summary
AI-generated overview
This 1,500 square foot commercial space at 166 Main Street, Unit 5, in Old Saybrook, Connecticut, offers a fantastic opportunity for a variety of businesses. Located in the heart of downtown, this single-tenant space boasts a bright and open layout, perfect for adapting to diverse needs. Previously used as a yoga studio, the property features laminate flooring throughout and ample natural light. The functional design includes a large open area, a dedicated reception area, a smaller private office, a storage room, and a full bathroom with a shower. Its flexible floor plan makes it suitable for traditional office use, executive suites, coworking spaces, medical offices, or creative office environments
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,509 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B-1
APN
OSAY M:037 B:128 L:
UPID
US15-0279750
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
$1.90M
Blend (final)
Blend
$1.97M
Owner & transaction history
Jerome Prop 162 LLC
Jerome Prop 162 LLC
since 2026
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
B-1 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,000 40,00 0 Well (s.f.) 40,000 40,000 40,000
Zone name
Central Business B1
General category
COMMERCIAL
Zone area
64.09 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 Old Saybrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Saybrook 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.00M (Feb 18 2026)
Last sale anchor
$2.00M
Feb 18 2026
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
$112 / 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
$29,104
Tax year 2023
Assessed value
$1,423,200
Assessed 2023
Previous assessed
$1,423,200
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$459,000
Assessed improvement
$964,200
Applied tax rate
274.0000
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Total area
17,509 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B-1
APN
OSAY M:037 B:128 L:
UPID
US15-0279750
Jurisdiction
OLD SAYBROOK
Zoning & alternative use
B-1 · Old Saybrook, CTZoning B-1 · permitted uses
B-1 · Old Saybrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,000 40,00 0 Well (s.f.) 40,000 40,000 40,000
Zone name
Central Business B1
General category
COMMERCIAL
Zone area
64.09 ac
Building & site characteristics
From public records
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Lot
1.31 ac
Current owner
From public records · entity-resolved
Jerome Prop 162 LLC
Entity
Mailing address
600 WASHINGTON AVE APT E8, NORTH HAVEN, CT 06473-1147
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
$2,000,000
Jerome Prop 162 LLC
Say Main LLC
Warranty Deed
$1,410,000 · Peoples Bank
Jan 29, 1998
$554,000
Say Main LLC
Scr 3 RT
Warranty Deed
—
Dec 22, 1987
$550,000
Michael J Cohen
Mccourt,david J
Grant Deed
$512,000 · Connecticut Bank & Trust
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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