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Property profile & analytics
OFF-MARKET
Investment properties
251 Flanders Rd Niantic, CT 06357-1214
Individually Owned
1-yr Hold
Property ID
US15-0945619
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1952
Total area
768 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00012 L:00000
UPID
US15-0945619
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
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
Steven J Carpenteri · 1 yrs held
Steven J Carpenteri
since 2024
Last sale
$145,000
4 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
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
$6,743
Tax year 2023
Assessed value
$271,040
Assessed 2023
Previous assessed
$271,040
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$168,420
Assessed improvement
$102,620
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1952
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
6
Bathrooms
2
Total area
768 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00012 L:00000
UPID
US15-0945619
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
1952
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
6
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Steven J Carpenteri
Individual
Mailing address
25 HARVEST GLN, EAST LYME, CT 06333-1556
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
—
Steven J Carpenteri
Steven J Carpenteri
Quitclaim Deed
related
—
Apr 1, 2014
—
Steven J Carpenteri
—
Deed Of Trust
related
$162,000 · Savings Institute
Jan 13, 2009
—
Stevan Carpenteri
—
Deed Of Trust
related
$107,000 · Savings Institute
May 31, 2000
$145,000
Steven J Carpenteri
Roy,claire M
Grant Deed
$108,000 · Savings Institute
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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