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    Property profile & analytics

    315 Main St Niantic, CT 06357-3128

    • Showrooms
    • 1,734 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Location Intelligence
    Property ID
    US15-0240733
    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

    • Pro Tek Auto / Auto Radiator Repair Service / Auto Spring Shop

    Property Details for 315 Main St

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    1,734 SF
    Zone code
    CB
    Property type
    Showrooms
    APN
    ELYM M:012.1 B:00004 L:00000
    APU
    ELYMM0121B00004L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $190,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $150,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $180,000
      Mixed-Use
      $170,000
      Hospitality
      $145,000
      Educational
      $175,000
      Residential Income
      $170,000
      Energy
      $190,000
      Income-Based Land
      $140,000
      Food Service
      $145,000

    Location Insight

    • Map
    • Local Demand
    City
    Niantic
    County
    New London
    State
    Connecticut
    Longitude
    -72.1953
    Latitude
    41.3232
    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
    2024
    $5,856
    $149,380
    $72,870
    $222,250
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,507 SF

      267 Flanders Rd

      SHOW ROOM, WAREHOUSE • 1,507 SF
      267 Flanders Rd, Niantic, CT 06357
      View Details
    • Value Estimation by Request
      4,091 SF

      175 Flanders Rd

      SHOW ROOM, WAREHOUSE • 4,091 SF
      175 Flanders Rd, Niantic, CT 06357
      View Details
    • Value Estimation by Request
      3,502 SF

      8 Shr Rd

      SHOW ROOM, WAREHOUSE • 3,502 SF
      8 Shr Rd, Niantic, CT 06357-3505
      View Details
    • Value Estimation
      $320,000
      2,898 SF

      22 Main St

      SHOW ROOM, WAREHOUSE • 2,898 SF
      22 Main St, Niantic, CT 06357-2340
      View Details
    • Value Estimation
      $325,000
      1,740 SF

      31 Pattagansett Rd

      SHOW ROOM, WAREHOUSE • 1,740 SF
      31 Pattagansett Rd, Niantic, CT 06357
      View Details
    • Value Estimation
      $100,000
      1,210 SF

      7 Hope St

      SHOW ROOM, WAREHOUSE • 1,210 SF
      7 Hope St, Niantic, CT 06357-2447
      View Details

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    Similar Nearby for Lease

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      Niantic Office Space For Lease

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      Rocky Neck Flex Space Available

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      Industrial Warehouse Space For Lease

      1,664 SF warehouse space available for lease.
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    • $1,600 /Mo

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    315 Main St
    Niantic, CT 06357-3128
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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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