New search
Property profile & analytics
OFF-MARKET
Residential income homes
216 Shr Rd, Old Lyme, CT 06371-2000
Individually Owned
15-yr Hold
Free & Clear
Property ID
US15-0299150
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1940
Total area
576 SF
Lot
7.42 ac (323,102 SF)
APN
OLYM M:8 L:31
UPID
US15-0299150
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
-
Martha A. Kelly Pet Sitting & Animal Care Kennel & Boarding Facility
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
Judith A Shea · 15 yrs held
Judith A Shea
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
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
$12,272
Tax year 2023
Assessed value
$522,200
Assessed 2023
Previous assessed
$522,200
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$236,900
Assessed improvement
$285,300
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
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Buildings
9
Units
1
Rooms
4
Bathrooms
1
Total area
576 SF
Lot
7.42 ac (323,102 SF)
APN
OLYM M:8 L:31
UPID
US15-0299150
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
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Buildings
9
Units
1
Rooms
4
Bathrooms
1
Lot
7.42 ac
Current owner
From public records · entity-resolved
Judith A Shea
Individual
Free & Clear · 15 yrs held
Mailing address
30 GLN CV, BRISTOL, CT 06010-3038
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2011
$168,750
Judith A Shea
216 Shore Road LLC
Grant Deed
—
Jun 23, 2011
$1
Judith A Shea
Olsr-604 LLC
Grant Deed
related
—
Aug 2, 2004
—
Olsr-604 LLC
—
Deed Of Trust
related
$700,000 · Worth Funding INC
Feb 11, 1998
—
Joseph E Shea JR.
—
Deed Of Trust
related
$499,104 · Worth Funding INC
Mar 22, 1994
$225,000
Joseph E Shea JR.
Sold Ltd Partnership
Grant Deed
—
Apr 2, 1990
$206,700
Albert J Bonavita
Alan Dean INC
Grant Deed
—
Sep 6, 1988
—
Joseph E Shea JR
—
Deed Of Trust
related
$300,000 · Mechanics & Farmers Bank
Dec 21, 1987
$475,000
Sold Ltd Partnership
Hvg Assoc
Grant Deed
$550,000 · Zuckerman Family Nomi
Oct 5, 1987
$475,000
Joseph Shea
Hvg Assoc
Grant Deed
$25,000 · Zenon Grzybowski
Sep 28, 1987
—
Joseph E Shear JR.
—
Deed Of Trust
related
$450,000 · Mechanics & Farmers 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 216 Shr Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
