Property profile

2 Chapman Bch Rd Westbrook, CT 06498

OFF-MARKET
Commercial land
Property ID
US15-0614525
0.54 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.54 ac (23,522 SF)
Zoning code NCD
APN WBRO M:180 L:011
UPID US15-0614525

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Chapman Bch Rd Westbrook, CT 06498-2141
Westbrook metro Census 680102 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2022
Last sale
$350,000
3 recorded transactions
2022
$350,000
2019
$120,000
2002
$55,000

Zoning & alternative use

NCD · Westbrook, CT
Zoning description

• NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercia…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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