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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Office buildings
315 Flanders Rd East Lyme, CT 06333-1711
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US15-0341479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
FRAME
Total area
13,936 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CA
APN
ELYM M:031.3 B:00013 L:00000
UPID
US15-0341479
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
-
Carelot Children's Center Daycare Center
-
Tides of Mind Counseling- Therapist, Individual and Family Counseling and Psychotherapy Medical Clinic
-
Mrs. Laura Moya Marriage Or Relationship Counselor Health Care Facility
-
Kurjan Michael Foster Care Service Social Service Agency
-
Comprehensive Psychiatric Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$3.31M
Owner & transaction history
Carelot Enterpses LLC · 23 yrs held
Carelot Enterpses LLC
since 2002
6 recorded transactions
Zoning & alternative use
CA · East Lyme, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±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
$237 / 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
$37,448
Tax year 2023
Assessed value
$1,505,140
Assessed 2023
Previous assessed
$1,505,140
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$372,750
Assessed improvement
$1,132,390
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
2
Total area
13,936 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CA
APN
ELYM M:031.3 B:00013 L:00000
UPID
US15-0341479
Jurisdiction
EAST LYME
Zoning & alternative use
CA · East Lyme, CT
Zoning 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
East Lyme. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Carelot Enterpses LLC
Entity
Mailing address
315 FLANDERS RD, EAST LYME, CT 06333-1711
Ownership since
2002
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
May 29, 2008
—
Carelot Ent LLC
—
Deed Of Trust
related
$670,000 · Webster Bank
Aug 2, 2002
$1,425,000
Carelot Enterpses LLC
Foster Dev
Warranty Deed
$1,282,500 · Dime Savings Bank Norwich
Aug 2, 2002
—
Carelot Ent LLC
—
Deed Of Trust
related
$589,000 · Worth Funding INC
Mar 28, 2000
—
Dev Foster
—
Deed Of Trust
related
$950,000 · Washington Trust Co
Sep 30, 1993
—
Foster Dev Assoc
—
Deed Of Trust
related
$725,000 · Bank Of Southeast Ct
Sep 18, 1989
—
Foster Dev Assoc
—
Deed Of Trust
related
$725,000 · Bank Of Southeast Ct
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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