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Property profile & analytics
FOR LEASE
Showrooms
23 School House Rd, Old Saybrook, CT 06475
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0321438
For Lease
1 / 7
$475/Mo
23 School House Rd, Old Saybrook, CT 06475
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1961
Construction
FRAME
Total area
2,749 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-4
APN
OSAY M:027 B:026 L:
UPID
US15-0321438
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
-
Nutmeg Precision Sales Industrial Manufacturer Production Facility
-
Dongweck Engraving Engraver
-
Saybrook West Office Building Real Estate Agency
-
Performance Technologies Inc Computer & Electronic Repair
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
23 Schoolhouse Rd LLC · 2 yrs held
23 Schoolhouse Rd LLC
since 2023
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
B-4 · Old Saybrook, 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 Old Saybrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Saybrook 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
$5,980
Tax year 2023
Assessed value
$292,400
Assessed 2023
Previous assessed
$292,400
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$75,500
Assessed improvement
$216,900
Applied tax rate
274.0000
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
1961
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
9
Total area
2,749 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-4
APN
OSAY M:027 B:026 L:
UPID
US15-0321438
Jurisdiction
OLD SAYBROOK
Zoning & alternative use
B-4 · Old Saybrook, CT
Zoning B-4 · permitted uses
B-4 · Old Saybrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Saybrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
9
Lot
0.53 ac
Current owner
From public records · entity-resolved
23 Schoolhouse Rd LLC
Entity
Mailing address
23 SCHOOL HOUSE RD OLD SAYBROOK
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
23 Schoolhouse Rd LLC
Vu Nguyen
Quit Claim Deed
related
—
Feb 1, 2023
$300,000
23 Schoolhouse Rd LLC
Magaldi Raymond A Est
Executors Deed
—
Feb 5, 2002
—
Raymond A Magaldi
—
Deed Of Trust
related
$140,000 · Citizens Bank Of Ct
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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