Property profile

300 Flanders Rd East Lyme, CT 06333

OFF-MARKET
Retail properties & Spaces
Property ID
US15-0274580
24,926 SF 2.48 ac lot Built 1960
Entity Owned 39-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1960
Construction STEEL FRAME
Total area 24,926 SF
Lot 2.48 ac (108,029 SF)
Zoning code CA
APN ELYM M:031.3 B:00006 L:00000
UPID US15-0274580

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement

Location

300 Flanders Rd East Lyme, CT 06333-1710
East Lyme metro Census 716102 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.55M

Owner & transaction history

since 1987
4 recorded transactions
1999
Price N/A
1988
Price N/A
1987
Price N/A
1987
$87,000

Zoning & alternative use

CA · East Lyme, CT
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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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