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    Property profile & analytics

    284 Shore Rd Old Lyme, CT 06371

    • Investment properties
    • 1,980 SF
    • 0.14 lot acres
    For Sale
    View listing
    $375,000
    Value Estimation
    Last Sale
    Mar 10, 2020
    $165,000
    Location Intelligence
    Property ID
    US15-0835666
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Anley's Restaurant (Formerly Pizza Plus) / Restaurant

    Property Details for 284 Shore Rd

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    1,980 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    OLYM M:84 L:149
    APU
    OLYMM84L149

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $165,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $155,000
      Mixed-Use
      $170,000
      Hospitality
      $145,000
      Educational
      $165,000
      Residential Income
      $135,000
      Energy
      $145,000
      Income-Based Land
      $150,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Old Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.2779
    Latitude
    41.2906
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,511
    $141,600
    $92,900
    $234,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $220,000
      0.21 Acres

      52 Hartford Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.21 Acres
      52 Hartford Ave, Old Lyme, CT 06371
      View Details
    • Value Estimation
      $245,000
      5,746 SF

      61 Hartford Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,746 SF
      61 Hartford Ave, Old Lyme, CT 06371-2227
      View Details
    • Value Estimation
      $270,000
      1,905 SF

      268 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,905 SF
      268 Shr Rd, Old Lyme, CT 06371-2446
      View Details
    • Value Estimation by Request
      10,466 SF

      167 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 10,466 SF
      167 Boston Post Rd, Old Lyme, CT 06371-1348
      View Details
    • Value Estimation
      $285,000
      960 SF

      8 Bank Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 960 SF
      8 Bank Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation
      $255,000
      0.48 Acres

      13 Beckwith Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 0.48 Acres
      13 Beckwith Ln, Old Lyme, CT 06371-2317
      View Details

    Similar Nearby for Sale

    • $375,000
      Pending

      Coastal Mixed-Use Building with Mooring

      Mixed-use property with restaurant, apartment, and private boat mooring.
      284 Shore Rd, Old Lyme, CT 06371
      View Details
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      Historic Buildings in Old Lyme

      Two historic buildings in a charming New England village.
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      Old Lyme Mixed-Use Property

      Mixed-use property suitable for residence and business.
      34 Lyme St, Old Lyme, CT 06371
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      Turnkey Fitness Center in Old Lyme

      Snap Fitness Center in Old Lyme's commercial center for sale.
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      View Details
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      Elys Ferry Road Property

      Property located at 109 Elys Ferry Rd, Lyme, CT 06371.
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      Joshua Ln Specialty Property

      Specialty property available for sale.
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    Similar Nearby for Lease

    • $13 SF/Yr
      6,862 SF

      Old Lyme Marketplace Retail Spaces

      Prime Retail/Office, Old Lyme, CT
      90 Halls Rd, Old Lyme, CT 06371
      View Details
    • $12 SF/Yr
      12,000 SF

      Old Lyme Office Building For Lease

      Two-story office building in Old Lyme with highway access.
      55-57 Hatchetts Hill Rd, Old Lyme, CT 06371
      View Details
    • $13 SF/Yr

      Specialty Property for Rent

      Specialty property available for rent.
      57 A, Old Lyme, CT 06371
      View Details
    • Contact for pricing
      622 SF

      Old Lyme Office Space Available

      Office space available for lease in Old Lyme, Connecticut.
      10 Vista Dr, Old Lyme, CT 06371
      View Details
    • $15 SF/Yr

      Class A Office Space Available

      4,000 SF Class A office space for lease.
      57 Hatchetts Hill Rd, Old Lyme, CT 06371
      View Details
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    284 Shore Rd
    Old Lyme, CT 06371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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