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    Property profile & analytics

    247 Main St Niantic, CT 06357-3162

    • Investment properties
    • 5,274 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US15-0761661
    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

    • The Black Sheep / Pub / Restaurant

    Property Details for 247 Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    5,274 SF
    Zone code
    CB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ELYM M:012.1 B:00108 L:00000
    APU
    ELYMM0121B00108L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $340,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $270,000
      Mixed-Use
      $335,000
      Hospitality
      $255,000
      Educational
      $320,000
      Residential Income
      $320,000
      Energy
      $265,000
      Income-Based Land
      $270,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Niantic
    County
    New London
    State
    Connecticut
    Longitude
    -72.1932
    Latitude
    41.3236
    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
    $11,484
    $127,960
    $333,620
    $461,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $130,000
      768 SF

      251 Flanders Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 768 SF
      251 Flanders Rd, Niantic, CT 06357-1214
      View Details
    • Value Estimation
      $355,000
      3,295 SF

      184 Flanders Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,295 SF
      184 Flanders Rd, Niantic, CT 06357-1201
      View Details
    • Value Estimation
      $295,000
      1,448 SF

      90 Pennsylvania Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,448 SF
      90 Pennsylvania Ave, Niantic, CT 06357-3230
      View Details
    • Value Estimation
      $185,000
      2,196 SF

      44 Pennsylvania Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,196 SF
      44 Pennsylvania Ave, Niantic, CT 06357-3231
      View Details
    • Value Estimation
      $275,000
      3,110 SF

      334 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,110 SF
      334 Main St, Niantic, CT 06357-3102
      View Details
    • Value Estimation
      $355,000
      5,209 SF

      374 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,209 SF
      374 Main St, Niantic, CT 06357-3152
      View Details

    Similar Nearby for Sale

    • $639,000

      Land For Sale

      Land available for sale.
      48 Billow Rd, Niantic, CT 06357
      View Details
    • $459,900

      Niantic Specialty Property For Sale

      Specialty property available for purchase in Niantic, Connecticut.
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    • $475,000

      East Lyme Specialty Property

      Specialty property available for sale in East Lyme, CT.
      9 Sleepy Hollow Rd, Niantic, CT 06357
      View Details
    • $775,000
      0.25 Acres

      Residential Land Near Beach Community

      Approved building lot near Long Island Sound with association amenities.
      15 Griswold Rd, Niantic, CT 06357
      View Details
    • $99,900
      2,000 SF

      East Lyme Restaurant Business Opportunity

      Established breakfast and lunch restaurant in high-traffic shoreline location.
      28 Pennsylvania Ave, Niantic, CT 06357
      View Details
    • Contact for pricing
      3,000 SF

      Niantic Retail Opportunity For Sale

      Retail property with double drive-thru and abundant parking.
      43 Pennsylvania Ave, Niantic, CT 06357
      View Details

    Similar Nearby for Lease

    • $950 /Mo
      4,800 SF

      Flexible Spaces in Rocky Neck

      Modern flex spaces with overhead doors and A/C for rent.
      11 Freedom Way, Niantic, CT 06357
      View Details
    • $14 SF/Yr
      1,925 SF

      Niantic Office Space For Lease

      Second floor commercial space in well-maintained professional building on Flanders Road.
      179 Flanders Rd, East Lyme, CT 06357
      View Details
    • $13 SF/Yr
      9,600 SF

      Rocky Neck Flex Space Available

      Modern flex space, I-95 access, 800-4000 sqft.
      11 Freedom Way & Liberty Way, East Lyme, CT 06357
      View Details
    • $1,560 /Mo
      1,664 SF

      Industrial Warehouse Space For Lease

      1,664 SF warehouse space available for lease.
      218 Flanders Rd, Niantic, CT 06357
      View Details
    • $1,600 /Mo

      Apartment Near Giants Neck Beach

      Two-bedroom apartment with beach access and in-unit laundry.
      26 B Hillcrest Rd, East Lyme, CT 06357
      View Details
    • $2,200 /Mo

      Remodeled Duplex in Downtown Niantic

      Remodeled half duplex near beaches, shops, and restaurants.
      56 Smith St, Niantic, CT 06357
      View Details
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    247 Main St
    Niantic, CT 06357-3162
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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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