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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Showrooms
2 Chapman Ln Gales Ferry, CT 06335-1200
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US15-0039177
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1991
Construction
FRAME
Total area
12,200 SF
Lot
2.38 ac (103,673 SF)
Zoning code
GFDD
APN
LEDY M:76 B:440 L:2
UPID
US15-0039177
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
-
Cranial Connections Alternative Medicine Practice Spa & Massage Center
-
Griffins Karate Training Center Sports School
-
UAW Local 2121 Advocacy Group
-
Lisa Gookin Realtor Real Estate Agency
-
Samantha Wilson Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$715k
Owner & transaction history
Rjt Bldrs LLC · 22 yrs held
Rjt Bldrs LLC
since 2003
6 recorded transactions
Zoning & alternative use
GFDD · Gales Ferry, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+2.6%
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 Gales Ferry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gales Ferry 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,035,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$59 / 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
$24,390
Tax year 2023
Assessed value
$705,740
Assessed 2023
Previous assessed
$705,740
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$226,870
Assessed improvement
$478,870
Applied tax rate
357.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
9
Bathrooms
2
Total area
12,200 SF
Lot
2.38 ac (103,673 SF)
Zoning code
GFDD
APN
LEDY M:76 B:440 L:2
UPID
US15-0039177
Jurisdiction
LEDYARD
Zoning & alternative use
GFDD · Gales Ferry, CT
Zoning GFDD · permitted uses
GFDD · Gales Ferry, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gales Ferry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
9
Bathrooms
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Rjt Bldrs LLC
Entity
Mailing address
PO BOX 723, LEDYARD, CT 06339-0723
Ownership since
2003
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
Oct 15, 2003
$49,000
Rjt Bldrs LLC
2 Chapman LLC
Grant Deed
$175,750 · Zenon Grzybowski
Oct 15, 2003
—
Rjt Bldrs LLC
—
Deed Of Trust
related
$48,900 · Zenon Grzybowski
Jan 13, 1989
—
Brook Plaza Village
—
Deed Of Trust
related
$1,000,000 · Ne Federal Savings Bank
Dec 9, 1988
—
Brook Plaza Village
—
Deed Of Trust
related
$130,000 · Ne Federal Savings Bank
Oct 17, 1988
—
Brook Plaza Village
—
Deed Of Trust
related
$120,000 · Ne Federal Savings Bank
Jun 24, 1988
—
Brook Plaza Village
—
Deed Of Trust
related
$274,000 · Ne Federal Savings Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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