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Property profile & analytics
OFF-MARKET
Showrooms
24 Old N Rd Stonington, CT 06378
Entity Owned
19-yr Hold
Free & Clear
Property ID
US15-0917502
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
FRAME
Total area
3,744 SF
Lot
2.3 ac (100,188 SF)
Zoning code
MC-80
APN
STON M:175 B:2 L:4
UPID
US15-0917502
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Masons Island Boatyar LLC · 19 yrs held
Masons Island Boatyar LLC
since 2006
7 recorded transactions
Zoning & alternative use
MC-80 · Stonington, 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 Stonington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stonington 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
$39,936
Tax year 2023
Assessed value
$2,158,700
Assessed 2023
Previous assessed
$2,158,700
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,714,200
Assessed improvement
$444,500
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
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
3,744 SF
Lot
2.3 ac (100,188 SF)
Zoning code
MC-80
APN
STON M:175 B:2 L:4
UPID
US15-0917502
Jurisdiction
STONINGTON
Zoning & alternative use
MC-80 · Stonington, CT
Zoning MC-80 · permitted uses
MC-80 · Stonington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stonington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Masons Island Boatyar LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 185, MYSTIC, CT 06355-0185
Ownership since
2006
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
Sep 8, 2010
—
Masons Island Boatyar LLC
—
Deed Of Trust
related
$300,000 · Mystic Yacht INC
Dec 28, 2006
$1
Masons Island Boatyar LLC
Morehouse,eileen
Grant Deed
related
—
Aug 12, 2004
—
Eileen Morehouse
—
Deed Of Trust
related
$200,000 · Chelseagroton Savings Bank
Jun 30, 2003
$100,000
Masons Isl Yacht Clb INC
Masons Island Co
Warranty Deed
related
—
Jul 1, 1988
—
Curtis Morehouse
—
Deed Of Trust
related
$650,000 · Ne Federal Savings Bank
—
—
Masons Is Boatyard LLC
—
Deed Of Trust
related
$100,000 · Charter Oak FCU
—
—
Masons Is Boatyard LLC
—
Deed Of Trust
related
$100,000 · Savings Institute
—
—
Masons Is Boatyard LLC
—
Deed Of Trust
related
$450,000 · Charter Oak FCU
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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