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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Commercial real estate
185 Main St Niantic, CT 06357-3251
Individually Owned
2-yr Hold
Free & Clear
Property ID
US15-0467799
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.74 ac (32,234 SF)
Zoning code
CB
APN
ELYM M:012.1 B:00079 L:00000
UPID
US15-0467799
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
Current use
Occupant on record · Public records
-
Azalea Home Decor Store Department Store
-
GG at Home-Niantic Food Market Farmer's Market
-
Pearls & Plaid Clothing & Fashion Store
-
Sift Bake Shop Niantic Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Jennifer Amara · 2 yrs held
Jennifer Amara
since 2024
Last sale
$715,000
6 recorded transactions
Zoning & alternative use
CB · Niantic, CT
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 Niantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niantic 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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $715k (Apr 8 2024)
Last sale anchor
$715k
Apr 8 2024
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
—
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
$8,382
Tax year 2023
Assessed value
$336,910
Assessed 2023
Previous assessed
$336,910
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$234,920
Assessed improvement
$101,990
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
Off-Market
Heating
NONE
Buildings
2
Units
1
Lot
0.74 ac (32,234 SF)
Zoning code
CB
APN
ELYM M:012.1 B:00079 L:00000
UPID
US15-0467799
Jurisdiction
EAST LYME
Zoning & alternative use
CB · Niantic, CT
Zoning CB · permitted uses
CB · Niantic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Jennifer Amara
Individual
Free & Clear · 2 yrs held
Mailing address
185 MAIN ST APT #207, NIANTIC, CT 06357-3253
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
$715,000
Jennifer Amara
Thomas Tinnerello
Warranty Deed
—
Dec 23, 2022
$425,000
John Schunemann
185 Main LLC
Warranty Deed
—
Dec 9, 2022
$490,000
Christine S Seitz
185 Main LLC
Warranty Deed
—
Dec 2, 2022
$750,000
Antonino Girard
185 Main LLC
Warranty Deed
—
Dec 1, 2022
$995,000
Matthew P O'connell
185 Main LLC
Warranty Deed
—
Jan 10, 2022
$850,000
185 Main LLC
183-1 Main Street LLC
Warranty Deed
$873,909 · Es Funding LLC
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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