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Property profile & analytics
OFF-MARKET
Investment properties
31 Ml Rd East Lyme, CT 06333-1117
Individually Owned
1-yr Hold
Property ID
US15-1231946
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.24 ac (10,454 SF)
Zoning code
CA
APN
ELYM M:030.2 B:00048 L:00000
UPID
US15-1231946
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
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
Stephen A Atherton · 1 yrs held
Stephen A Atherton
since 2025
7 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,853
Tax year 2024
Assessed value
$184,170
Assessed 2024
Previous assessed
$184,170
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$67,620
Assessed improvement
$116,550
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Buildings
2
Units
1
Lot
0.24 ac (10,454 SF)
Zoning code
CA
APN
ELYM M:030.2 B:00048 L:00000
UPID
US15-1231946
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
Heating
NONE
Buildings
2
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Stephen A Atherton
Individual
Mailing address
31 ML RD, EAST LYME, CT 06333-1117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Stephen A Atherton
Stephen A Atherton
Quitclaim Deed
related
—
Nov 19, 2019
—
Stephen Atherton
—
Deed
related
$35,000 · Discover Bank
Apr 4, 2005
—
Countrywide Home Loan INC
Atherton,stephen
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 24, 2002
—
Stephen E Atherton
—
Deed Of Trust
related
$111,000 · Wilmington National Finance
Apr 27, 2001
$96,000
Stephen E Atherton
Kraft,david A
Warranty Deed
$86,300 · Matrix Investment Corp
Feb 26, 1993
$120,000
David A Kraft
Schatz,gail P
Warranty Deed
$50,000 · Chelseagroton Savings Bank
Apr 13, 1989
—
Stephen Atherton
—
Deed Of Trust
related
$22,500 · Family Financial Services INC
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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