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    Property profile & analytics

    22 Colton Rd East Lyme, CT 06333-1435

    • Individual retail properties
    • 40,416 SF
    • 8.96 lot acres
    OFF-MARKET
    Value Estimation
    $1,035,000
    Last Sale
    Jun 28, 2022
    $1,124,600
    Location Intelligence
    Property ID
    US15-0567001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lyme Shores Racquet Club / Tennis Club / Pickleball Court
    • Shoreline Advanced Therapeutic Massage / Massage Therapist

    Property Details for 22 Colton Rd

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    8.96 lot acres
    Property size
    40,416 SF
    Zone code
    LI
    Property type
    Individual retail properties
    APN
    ELYM M:009.0 B:00012 L:00000
    APU
    ELYMM0090B00012L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,105,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,015,000
      Geo Method
      $1,175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $965,000
      Retail
      $940,000
      Mixed-Use
      $1,060,000
      Hospitality
      $1,065,000
      Educational
      $1,055,000
      Residential Income
      $1,065,000
      Energy
      $1,170,000
      Income-Based Land
      $905,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    East Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.25
    Latitude
    41.3232
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,910
    $464,240
    $536,970
    $1,001,210
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,540,000
      7,151 SF

      51 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 7,151 SF
      51 Boston Post Rd, East Lyme, CT 06333-1704
      View Details
    • Value Estimation
      $280,000
      1,292 SF

      32 Church Ln

      SHOW ROOM, WAREHOUSE • 1,292 SF
      32 Church Ln, East Lyme, CT 06333-1620
      View Details
    • Value Estimation by Request
      480 SF

      294 Flanders Rd

      SHOW ROOM, WAREHOUSE • 480 SF
      294 Flanders Rd, East Lyme, CT 06333
      View Details
    • Value Estimation
      $575,000
      2,880 SF

      20 Islanda Ct

      SHOW ROOM, WAREHOUSE • 2,880 SF
      20 Islanda Ct, East Lyme, CT 06333-1111
      View Details
    • Value Estimation by Request
      4,359 SF

      279 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 4,359 SF
      279 Boston Post Rd, East Lyme, CT 06333-1504
      View Details
    • Value Estimation by Request
      13,288 SF

      131 Boston Post Rd

      SHOW ROOM, WAREHOUSE • 13,288 SF
      131 Boston Post Rd, East Lyme, CT 06333-1605
      View Details

    Similar Nearby for Sale

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      Established Restaurant Business For Sale

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      East Lyme Specialty Property

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    • $975,000

      61.64 Acres of Raw Land

      Raw land with road frontage on Rt 161.
      Chesterfield Rd, East Lyme, CT 06333
      View Details
    • $450,000

      Commercial Land on Boston Post

      Commercial land available on Boston Post Road.
      420 Boston Post Rd, East Lyme, CT 06333
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    • $150,000
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      Prime East Lyme Commercial Land

      Route 1 Commercial Lot, High Visibility
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    Similar Nearby for Lease

    • Contact for pricing
      2,350 SF

      Grocery-Anchored Retail Space Available

      Retail space in shopping center with high traffic and visibility.
      248-250 Flanders Rd, East Lyme, CT 06333
      View Details
    • $22 SF/Yr
      18,800 SF

      East Lyme Plaza Retail/Office Space

      Highly visible East Lyme plaza with retail, restaurant, and office space.
      324 Flanders Rd, East Lyme, CT 06333
      View Details
    • Contact for pricing
      621 SF

      Retail Space with High Visibility

      Retail space with access from Route 1 and Chesterfield Road.
      15 Chesterfield Rd, East Lyme, CT 06333
      View Details
    • $2,750 /Mo

      Renovated East Lyme Rental

      Recently remodeled 3-bedroom rental in a desirable East Lyme neighborhood.
      36 Church Ln, East Lyme, CT 06333
      View Details
    • $1,500 /Mo
      2,880 SF

      New Office Space For Rent

      Brand new 839 SF office space near Flanders Four Corners.
      23 Chesterfield Rd, East Lyme, CT 06333
      View Details
    • $20 SF/Yr
      3,350 SF

      East Lyme Commercial Space Available

      Commercial space ideal for medical, spa, or corporate use.
      339 Flanders Rd, East Lyme, CT 06333
      View Details
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    22 Colton Rd
    East Lyme, CT 06333-1435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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