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Property profile & analytics
FOR LEASE
Showrooms
23 Clara Dr Mystic, CT 06355
Entity Owned
~
Est. High Equity
Property ID
US15-0869548
For Lease
1 / 2
$18 SF/Yr
23 Clara Dr, Mystic, CT 06355
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Property summary
AI-generated overview
This exceptional Class B office building at 23 Clara Dr, Mystic, CT, offers a fantastic opportunity for businesses seeking flexible and modern workspace. The property boasts a total of 49,873 square feet spread across two stories, with multiple tenancy options available. Currently, there are 23,706 square feet of vacant space, offering a range of suite sizes to accommodate various business needs. Spaces as small as 1,700 square feet and as large as 10,159 contiguous square feet are available, providing significant flexibility for expansion or downsizing. The building is conveniently located in Stonington, CT, with a zip code of 06355, offering easy access to local amenities and transportation. Ample parking is provided with 96 spaces available for tenants and their clients. The professional office space is ideal for a variety of businesses seeking a well-maintained and functional workspace in a desirable location. This is a rare opportunity to secure prime office space in a thriving Connecticut community. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
FRAME
Total area
44,400 SF
Lot
6.39 ac (278,348 SF)
Zoning code
TC-80
APN
STON M:163 B:1 L:19
UPID
US15-0869548
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
-
Empower Fitness Mystic CT Gym & Fitness Center
-
Hubbell Premise Wiring Industrial Manufacturer Production Facility
-
Williams Brian L MD Pediatrician Physician
-
Erik G. Enquist, MD Physician Medical Clinic
-
Lawrence + Memorial Medical Group Medical Group
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
Sea Research Fndtn INC
Sea Research Fndtn INC
since 2026
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
TC-80 · Mystic, CT
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 Mystic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mystic 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
$49,714
Tax year 2023
Assessed value
$2,504,500
Assessed 2023
Previous assessed
$2,962,900
-15.5% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,103,000
Assessed improvement
$1,401,500
Applied tax rate
372.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
11
Total area
44,400 SF
Lot
6.39 ac (278,348 SF)
Zoning code
TC-80
APN
STON M:163 B:1 L:19
UPID
US15-0869548
Jurisdiction
STONINGTON
Zoning & alternative use
TC-80 · Mystic, CT
Zoning TC-80 · permitted uses
TC-80 · Mystic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mystic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
11
Lot
6.39 ac
Current owner
From public records · entity-resolved
Sea Research Fndtn INC
Entity
Mailing address
PO BOX 28, WATERTOWN, CT 06795-0028
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$6,100,000
Sea Research Fndtn INC
Roxriv Realty Assoc LLC
Warranty Deed
$5,000,000 · The Washington Trust Co Of Westerly
May 9, 2023
—
Roxriv Realty Assoc LLC
—
Deed
related
$2,000,000 · Jewett City Savings Bank
Dec 16, 2022
—
Roxriv Realty Assoc LLC
—
Deed
related
$5,300,000 · Jewett City Savings Bank
Jul 13, 2012
—
Roxriv Realty Assoc LLC
—
Deed Of Trust
related
$6,000,000 · Farmington Savings Bank
Apr 1, 2005
$5,888,500
Rox Riv Realty LLC
Woodlot Assoc LLC
Warranty Deed
$6,700,000 · Hsbc Mortgage Corp
May 31, 2001
—
Woodlot Assoc LLC
—
Deed Of Trust
related
$7,300,000 · Financial Services Of America
Sep 22, 1989
—
Woodlot Assoc
—
Deed Of Trust
related
$7,250,000 · John Hancock Mutual Life Ins
May 10, 1988
—
Lot Assoc Wood
—
Deed Of Trust
related
$4,200,000 · 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.
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