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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Motels
239 Flanders Rd Niantic, CT 06357-1214
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US15-0545428
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,182 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00013 L:00000
UPID
US15-0545428
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
-
Days Inn by Wyndham Niantic Near Casinos Hotel & Motel
-
Jai Shri Krishna LLC Hotel & Motel
-
ATM Atm
-
Aderi Hotel Near Casino Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$670k
Owner & transaction history
East Lyme Hotel Assoc · 25 yrs held
East Lyme Hotel Assoc
since 2001
6 recorded transactions
Zoning & alternative use
CA · 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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$18 / 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
$24,724
Tax year 2023
Assessed value
$993,720
Assessed 2023
Previous assessed
$993,720
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$486,010
Assessed improvement
$507,710
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
89
Bathrooms
3
Total area
38,182 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00013 L:00000
UPID
US15-0545428
Jurisdiction
EAST LYME
Zoning & alternative use
CA · Niantic, CT
Zoning CA · permitted uses
CA · Niantic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
89
Bathrooms
3
Lot
5.46 ac
Current owner
From public records · entity-resolved
East Lyme Hotel Assoc
Individual
Mailing address
239 FLANDERS RD, NIANTIC, CT 06357-1214
Ownership since
2001
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
Nov 28, 2007
—
Shri Krishna Hosp T LLC
—
Deed Of Trust
related
$1,600,000 · Eastern Federal Bank
Apr 2, 2001
$3,300,000
East Lyme Hotel Assoc
East Lyme INC
Warranty Deed
related
$2,500,000 · Zions First National Bank
Jun 18, 1998
$305,000
West Hill LLC
Hotel Acquistitions
Warranty Deed
—
Oct 9, 1997
—
Kevshell Holdings LLC
—
Deed Of Trust
related
$800,000 · Maritime Bank & Trust
May 30, 1997
$280,000
Kevshell Holdings LLC
Hotel Acquistions INC
Warranty Deed
related
—
Apr 21, 1997
$3,442,000
East Lyme INC
Hotel Acquistioins INC
Warranty Deed
$2,500,000 · Zenon Grzybowski
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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