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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Office Spaces
2 Huntley Rd Old Lyme, CT 06371-1449
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US15-0981956
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Total area
8,173 SF
Lot
0.84 ac (36,534 SF)
APN
OLYM M:21 L:54-1
UPID
US15-0981956
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
-
Hannah Childs Interior Design Interior Design Home Decor Store
-
Hamilton Point Investments Financial Advisor
-
InnoNET LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.62M
Owner & transaction history
Hpi Huntley LLC · 14 yrs held
Hpi Huntley LLC
since 2011
7 recorded transactions
Zoning & alternative use
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 Old Lyme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Lyme 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
OFFICE BUILDING
$1,120,000
Current use
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$198 / 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
$15,808
Tax year 2023
Assessed value
$672,700
Assessed 2023
Previous assessed
$672,700
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed improvement
$672,700
Applied tax rate
364.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
6
Bathrooms
5
Total area
8,173 SF
Lot
0.84 ac (36,534 SF)
APN
OLYM M:21 L:54-1
UPID
US15-0981956
Jurisdiction
OLD LYME
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
OFFICE BUILDING Current
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
6
Bathrooms
5
Lot
0.84 ac
Current owner
From public records · entity-resolved
Hpi Huntley LLC
Entity
Mailing address
2 HUNTLEY RD, OLD LYME, CT 06371-1449
Ownership since
2011
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
Dec 23, 2011
$972,500
Hpi Huntley LLC
Innonet Properties LLC
Warranty Deed
$800,000 · Eastern Federal Bank
Oct 31, 2008
$1,200,000
Innonet Property LLC
Bgp Dev LLC
Warranty Deed
$900,000 · Essex Savings Bank
Mar 5, 2008
—
Bgp Development LLC
—
Deed Of Trust
related
$1,265,000 · Essex Savings Bank
Oct 3, 2007
$1
Bgp Development LLC
Bgp Development LLC
Grant Deed
related
—
Dec 18, 2006
$250,000
Bgp Prop LLC
Graybill Prop LLC
Warranty Deed
$1,165,000 · Essex Savings Bank
Nov 30, 2001
$110,000
Graybill Prop LLC
Dean,beverly L
Warranty Deed
$135,000 · Zenon Grzybowski
Nov 30, 2001
$90,000
Gray Bill Prop LLC
Dean,betsy L
Warranty Deed
—
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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