Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial real estate
265 Flanders Rd Niantic, CT 06357-1267
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0545538
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,026 SF
Lot
4.25 ac (185,130 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00010 L:00000
UPID
US15-0545538
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
-
Best Western Niantic - New London/Mystic Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$550k
Owner & transaction history
Shree Ganesh LLC · 7 yrs held
Shree Ganesh LLC
since 2019
6 recorded transactions
Zoning & alternative use
CA · Niantic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+66.1%
Retail stores
$560,000
+34.9%
Apartment house (5+ units)
$425,000
+2.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Current use
OFFICE BUILDING
$690,000
Change: +66% · Conversion: Easy
RETAIL STORES
$560,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$425,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$109 / SF
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
$57,248
Tax year 2023
Assessed value
$2,300,970
Assessed 2023
Previous assessed
$2,300,970
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,091,440
Assessed improvement
$1,209,530
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
93
Bathrooms
2
Total area
5,026 SF
Lot
4.25 ac (185,130 SF)
Zoning code
CA
APN
ELYM M:026.1 B:00010 L:00000
UPID
US15-0545538
Jurisdiction
EAST LYME
Zoning & alternative use
CA · Niantic, CTZoning CA · permitted uses
CA · Niantic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$425,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
93
Bathrooms
2
Lot
4.25 ac
Current owner
From public records · entity-resolved
Shree Ganesh LLC
Entity
Mailing address
265 FLANDERS RD, NIANTIC, CT 06357-1267
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jul 8, 2020
—
Shree Ganesh LLC
—
Deed
related
$3,200,000 · Guilford Savings Bank
Apr 26, 2019
—
Shree Ganesh LLC
Nrpp LLC
Warranty Deed
—
Jan 25, 2001
—
Niantic Hosp LLC
—
Deed Of Trust
related
$1,600,000 · Washington Trust Co
Apr 7, 1998
$70,000
Kimball,john J Tr
Wolanic,rith M
Warranty Deed
—
Dec 9, 1997
—
Niantic Hospitality
—
Deed Of Trust
related
$5,200,000 · Worth Funding INC
Oct 4, 1996
—
Niantic Hospitality
—
Deed Of Trust
related
$625,000 · Zeta East Lyme Hotel
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?”
You own 265 Flanders Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
