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Property profile & analytics
FOR LEASE
Showrooms
251 Main St Old Saybrook, CT 06475
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0049329
For Lease
$2,000/Mo
251 Main St, Old Saybrook, CT 06475
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
FRAME
Total area
5,760 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B-1
APN
OSAY M:030 B:054 L:
UPID
US15-0049329
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
-
Golden Horizons Elder Care Services Home Health Care Service Home Help Service Agency
-
Avia Counseling Center - Maria Foss-Rand, LPC Counselor Psychotherapist
-
Robert L. Edmonstone, DDS Dental Office
-
Sullivan Financial Group Financial Advisor
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
Cove Inv LLC · 24 yrs held
Cove Inv LLC
since 2001
2 recorded transactions
Zoning & alternative use
B-1 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,000 40,00 0 Well (s.f.) 40,000 40,000 40,000
Zone name
Central Business B1
General category
COMMERCIAL
Zone area
64.09 ac
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 Old Saybrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Saybrook 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
$4,454
Tax year 2023
Assessed value
$217,800
Assessed 2023
Previous assessed
$217,800
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$133,800
Assessed improvement
$84,000
Applied tax rate
274.0000
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
For Lease
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
5,760 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B-1
APN
OSAY M:030 B:054 L:
UPID
US15-0049329
Jurisdiction
OLD SAYBROOK
Zoning & alternative use
B-1 · Old Saybrook, CTZoning B-1 · permitted uses
B-1 · Old Saybrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ZONING DISTRICT A AA-1 AA-2 AA-3 AAA B B-1 B-2 B-3 B-4 C SP-1 SP-2 SP-3 MC I-1 MINIMUM LOT AREA Public Water (s.f.) 20,000 40,000 20,000 87,120 40,000 12,500 12,500 20,000 12,500 20,000 40,000 20,000 20, 000 69,700 20,000 40,00 0 Well (s.f.) 40,000 40,000 40,000
Zone name
Central Business B1
General category
COMMERCIAL
Zone area
64.09 ac
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Cove Inv LLC
Entity
Mailing address
9 BAYBERRY RD, OLD SAYBROOK, CT 06475-2923
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2005
—
Cove Investments LLC
—
Deed Of Trust
related
$825,000 · Peoples Bank
Aug 30, 2001
$255,000
Cove Inv LLC
Vanepps,joan A
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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