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    Property profile & analytics

    233 Flanders Rd Niantic, CT 06357

    • Retail properties
    • 1,331 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Oct 26, 2021
    Location Intelligence
    Property ID
    US15-0448830
    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

    • Cartier Optical Inc / Optician / Sunglasses Store

    Property Details for 233 Flanders Rd

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    1,331 SF
    Zone code
    CA
    Property type
    Retail properties
    APN
    ELYM M:026.1 B:00014 L:00000
    APU
    ELYMM0261B00014L00000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Niantic
    County
    New London
    State
    Connecticut
    Longitude
    -72.2098
    Latitude
    41.3558
    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
    $5,493
    $141,680
    $79,100
    $220,780
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,016 SF

      162 Main St

      DEPARTMENT STORE • 9,016 SF
      162 Main St, Niantic, CT 06357-1019
      View Details
    • Value Estimation by Request
      46,850 SF

      170 Flanders Rd

      Individual retail properties • 46,850 SF
      170 Flanders Rd, East Lyme, CT 06357
      View Details
    • Value Estimation
      $335,000
      4,668 SF

      286 Main St

      DEPARTMENT STORE • 4,668 SF
      286 Main St, Niantic, CT 06357-3102
      View Details
    • Value Estimation
      $335,000
      1,902 SF

      386 Main St

      DEPARTMENT STORE • 1,902 SF
      386 Main St, Niantic, CT 06357-3126
      View Details
    • Value Estimation
      $245,000
      1,378 SF

      159 Main St

      DEPARTMENT STORE • 1,378 SF
      159 Main St, Niantic, CT 06357-3208
      View Details
    • Value Estimation
      $355,000
      4,681 SF

      49-51 Main St

      DEPARTMENT STORE • 4,681 SF
      49-51 Main St, Niantic, CT 06357
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
      1,925 SF

      Niantic Office Space For Lease

      Second floor commercial space in well-maintained professional building on Flanders Road.
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    • $1,560 /Mo
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      Industrial Warehouse Space For Lease

      1,664 SF warehouse space available for lease.
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    • $1,600 /Mo

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      Remodeled half duplex near beaches, shops, and restaurants.
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      View Details
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    233 Flanders Rd
    Niantic, CT 06357
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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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