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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Assisted living facilities
23 Liberty Way Niantic, CT 06357-1030
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0884456
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
STEEL FRAME
Total area
56,568 SF
Lot
3.65 ac (158,994 SF)
Zoning code
LI
APN
ELYM M:009.0 B:00029 L:00000
UPID
US15-0884456
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
-
Bride Brook Rehabilitation and Nursing Center Nursing Home
-
Lynn Dubreuil Physician
-
Elizabeth Messmer Physician
-
Margaret Mountain Physician
-
ABEL A DONKA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
23 Liberty Way Rlty LLC · 1 yrs held
23 Liberty Way Rlty LLC
since 2024
Last sale
$6.2M
6 recorded transactions
Zoning & alternative use
LI · Niantic, 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 Niantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niantic 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
RETAIL STORES
$5,395,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,370,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,265,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,505,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,355,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.22M (Sep 10 2024)
Last sale anchor
$6.22M
Sep 10 2024
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
$110 / 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
$94,929
Tax year 2023
Assessed value
$3,815,490
Assessed 2023
Previous assessed
$3,815,490
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$728,000
Assessed improvement
$3,087,490
Applied tax rate
352.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
130
Bathrooms
2
Total area
56,568 SF
Lot
3.65 ac (158,994 SF)
Zoning code
LI
APN
ELYM M:009.0 B:00029 L:00000
UPID
US15-0884456
Jurisdiction
EAST LYME
Zoning & alternative use
LI · Niantic, CTZoning LI · permitted uses
LI · Niantic, CT
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
RETAIL STORES
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RESTAURANT
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
130
Bathrooms
2
Lot
3.65 ac
Current owner
From public records · entity-resolved
23 Liberty Way Rlty LLC
Entity
Mailing address
45 BROADWAY FL #25, NEW YORK, NY 10006-3777
Ownership since
2024
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
Dec 10, 2024
$6,220,500
23 Liberty Way Rlty LLC
Smv Niantic LLC
Warranty Deed
$44,000,000 · Cibc Bank USA
Jan 18, 2019
—
Smv Niantic Vllc
—
Deed
related
$1 · Column Financial INC
May 24, 2002
—
Bride Brook Nursing
—
Deed Of Trust
related
$315,000 · Residential Funding
Dec 29, 1998
—
Bride Brook Nursing
—
Deed Of Trust
related
$210,000,000 · Sears Mortgage Corp
Aug 23, 1989
$505,000
Bride Brook Nursing
E & F Dev Co
Grant Deed
$487,000 · Webster Bank
—
—
Albert Jablonski
—
Deed Of Trust
related
$169,000 · LP Cardin
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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