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Property profile & analytics
OFF-MARKET
Commercial real estate
284 Flanders Rd East Lyme, CT 06333-1710
Entity Owned
17-yr Hold
Free & Clear
Property ID
US15-0333279
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Total area
1,918 SF
Lot
14.75 ac (642,510 SF)
Zoning code
CA
APN
ELYM M:031.3 B:00001 L:00000
UPID
US15-0333279
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
-
Costco Pharmacy Pharmacy
-
Costco Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
-
Costco Wholesale Big Box & Wholesale Store Discount Store
-
Costco Bakery Bakery Specialty Food Shop
-
Costco Gas Station Gas Station
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
Gateway Dev East Lyme LLC · 17 yrs held
Gateway Dev East Lyme LLC
since 2008
4 recorded transactions
Zoning & alternative use
CA · East Lyme, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
20.25 RESTAURANT OUTDOOR DINING IN CA AND CB ZONES- The purpose of this section is to promote and regulate Outdoor Dining. Outdoor dining shall be permitted outright subject to compliance with Section 20.25 and approval by the Zoning Official. Such dining shall be subject to a Special Permit for establishments that serve alcoholic beverages (see Section 25 “…
Zone name
Commercial
General category
COMMERCIAL
Zone area
687.78 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 East Lyme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Lyme 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
$343,766
Tax year 2023
Assessed value
$13,816,950
Assessed 2023
Previous assessed
$13,816,950
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$3,027,080
Assessed improvement
$10,789,870
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
1951
Heating
STEAM
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
7
Bathrooms
2
Total area
1,918 SF
Lot
14.75 ac (642,510 SF)
Zoning code
CA
APN
ELYM M:031.3 B:00001 L:00000
UPID
US15-0333279
Jurisdiction
EAST LYME
Zoning & alternative use
CA · East Lyme, CTZoning CA · permitted uses
CA · East Lyme, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
20.25 RESTAURANT OUTDOOR DINING IN CA AND CB ZONES- The purpose of this section is to promote and regulate Outdoor Dining. Outdoor dining shall be permitted outright subject to compliance with Section 20.25 and approval by the Zoning Official. Such dining shall be subject to a Special Permit for establishments that serve alcoholic beverages (see Section 25 “Special Permits”) A standard fast-food restaurant, may, as an accessory use, provide outdoor dining subject to the following standards: A. Applicant shall submit a site plan to the Zoning Official for administrative review and the Zoning Commission for Special Permit Applications. B. 1. The area subject to such dining may shall not exceed one thousand square
Zone name
Commercial
General category
COMMERCIAL
Zone area
687.78 ac
Building & site characteristics
From public records
Year built
1951
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
7
Bathrooms
2
Lot
14.75 ac
Current owner
From public records · entity-resolved
Gateway Dev East Lyme LLC
Entity
Free & Clear · 17 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Ownership since
2008
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 20, 2019
—
Gdel Coml LLC
—
Deed
related
$4,700,000 · Centreville Bk
Nov 24, 2008
$300,000
Gateway Dev East Lyme LLC
Brouwer Peter Est
Grant Deed
—
Mar 17, 1989
—
Charles Quarry
—
Deed Of Trust
related
$50,000 · Ne Federal Savings Bank
—
—
Gdel Coml LLC
—
Deed Of Trust
related
$4,700,000 · Centreville Bk
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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