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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
190 Flanders Rd Niantic, CT 06357-1261
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0271428
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Construction
FRAME
Total area
5,520 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CA
APN
ELYM M:026.3 B:00014 L:00000
UPID
US15-0271428
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
-
Binet Cuts 2, LLC Barber Shop
-
Village Cafe Cafe & Coffee Shop
-
Wild Birds Unlimited (Bike/Boat/Book/etc) Store
-
Michaela Jordan - State Farm Insurance Agent Insurance Agency
-
Cassidy A Whipple, CPA Accounting Firm Tax Preparation
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
Atlantis Real Estate LLC · 5 yrs held
Atlantis Real Estate LLC
since 2021
Last sale
$100,000
7 recorded transactions
Zoning & alternative use
CA · 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
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
$12,491
Tax year 2023
Assessed value
$502,040
Assessed 2023
Previous assessed
$502,040
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$176,750
Assessed improvement
$325,290
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Bathrooms
2
Total area
5,520 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CA
APN
ELYM M:026.3 B:00014 L:00000
UPID
US15-0271428
Jurisdiction
EAST LYME
Zoning & alternative use
CA · Niantic, CTZoning CA · permitted uses
CA · Niantic, CT
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
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Atlantis Real Estate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
190 S FLANDERS RD #201, NIANTIC, CT 06357-1261
Ownership since
2021
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
Jul 21, 2021
—
Atlantis Real Estate LLC
Horse&buggy LLC
Warranty Deed
—
Jul 21, 2021
$100,000
Joanne C Dawley
Joanne C Dawley
Deed
related
—
Apr 24, 2013
—
Horse&buggy LLC
—
Deed Of Trust
related
$225,000 · Charter Oak FCU
Jul 15, 2005
$475,000
Horse & Buggy LLC
Jdl Prop LLC
Warranty Deed
$325,000 · Interbay Funding LLC
Jul 15, 2005
—
Horse & Buggy LLC
—
Deed Of Trust
related
$100,000 · Advanta Mortgage Corp
May 7, 2002
$316,506
Jdl Properties LLC
Libby,ernest E JR
Warranty Deed
$360,000 · Zenon Grzybowski
—
—
Horse&buggy LLC
—
Loan Modification
related
$77,000 · Charter Oak FCU
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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