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Property profile & analytics
OFF-MARKET
Showrooms
26 New London Rd Salem, CT 06420-4052
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0960171
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1992
Construction
FRAME
Total area
11,148 SF
Lot
4.04 ac (175,982 SF)
Zoning code
B
APN
SALE M:18 B:026 L:009
UPID
US15-0960171
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
-
2 Sisters Trading Post Home Decor Store (Bike/Boat/Book/etc) Store
-
The CT Medium Spiritual Center
-
Wild Earth Studio LLC Gym & Fitness Center Alternative Medicine Practice
-
CheonSu Spa Alternative Medicine Practice Spa & Massage Center
-
Massage Salem CT | CheonSu Spa-asian massage Alternative Medicine Practice Spa & Massage Center
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
Ege Prop LLC · 2 yrs held
Ege Prop LLC
since 2024
6 recorded transactions
Zoning & alternative use
B · Salem, 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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$16,842
Tax year 2023
Assessed value
$584,800
Assessed 2023
Previous assessed
$584,800
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$97,500
Assessed improvement
$487,300
Applied tax rate
368.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Rooms
6
Bathrooms
1
Total area
11,148 SF
Lot
4.04 ac (175,982 SF)
Zoning code
B
APN
SALE M:18 B:026 L:009
UPID
US15-0960171
Jurisdiction
SALEM
Zoning & alternative use
B · Salem, CT
Zoning B · permitted uses
B · Salem, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Rooms
6
Bathrooms
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
Ege Prop LLC
Entity
Mailing address
47 EMERALD GLN LN, SALEM, CT 06420-4123
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Ege Prop LLC
Mantis LLC
Warranty Deed
$850,000 · Meridian Bank
Jun 7, 2011
$700
Connecticut State Of
Mantis LLC
Warranty Deed
—
Mar 31, 2000
—
Total Tech Assoc LLC
—
Deed Of Trust
related
$303,000 · Eastern Savings & Loan Assn
Mar 2, 1999
—
Mantis LLC
—
Deed Of Trust
related
$250,000 · Eastern Savings & Loan Assn
Nov 10, 1998
—
Mantis LLC
—
Deed Of Trust
related
$75,000 · Eastern Savings & Loan Assn
Apr 1, 1997
$45,000
Mantis LLC
Bank Of New Haven
Grant 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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