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Property profile & analytics
OFF-MARKET
Industrial properties
34 Industrial Park Rd Niantic, CT 06357-1268
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0611520
Property summary
AI-generated overview
This East Lyme, CT flex space at 34 Industrial Park Rd offers 1,845 square feet of immediately available warehouse space in a 5,283 square foot building on a 1.12-acre lot. The property features a 12-foot ceiling height, one 10'x10' drive-in door, and ample parking with 20 spaces. The building, constructed in 1977, is classified as Class B and boasts electric heat with central air conditioning. Public water and sewer are available. Zoned LI (Light Industrial), permitted uses include light industrial, manufacturing, printing, and warehousing. By special permit, additional uses such as schools, training centers, R&D facilities, and more are possible. Conveniently located just off I-95 at Exit 74, this property is ideal for contractors and businesses needing easy highway access. The monthly rent is $2,075 plus utilities. The property consists of two single-story buildings.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
1.12 ac (48,787 SF)
Zoning code
LI
APN
ELYM M:026.3 B:00020 L:00000
UPID
US15-0611520
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
-
Justin's Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
-
Luke Yacovou, ThamesHarbour Real Estate, LLC Real Estate Agency
-
Kristen Boyd, ThamesHarbour Real Estate, LLC Real Estate Agency
-
Katie Messina, ThamesHarbour Real Estate, LLC Real Estate Agency
-
U.S. Properties Real Estate Services, LLC Real Estate Agency
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
Nash Properties LLC · 9 yrs held
Nash Properties LLC
since 2016
3 recorded transactions
Zoning & alternative use
LI · Niantic, 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 Niantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niantic 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,812
Tax year 2023
Assessed value
$595,350
Assessed 2023
Previous assessed
$595,350
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$166,530
Assessed improvement
$428,820
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
2
Lot
1.12 ac (48,787 SF)
Zoning code
LI
APN
ELYM M:026.3 B:00020 L:00000
UPID
US15-0611520
Jurisdiction
EAST LYME
Zoning & alternative use
LI · Niantic, CT
Zoning LI · permitted uses
LI · Niantic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Nash Properties LLC
Entity
Mailing address
1 DARROWS RDG, EAST LYME, CT 06333-1253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2016
$710,000
Nash Properties LLC
Shafner Family LLC
Warranty Deed
$568,000 · Dime Bank
Mar 30, 1999
$175,900
Shafner Family LLC
Shafners INC
Grant Deed
related
—
Aug 1, 1995
—
Shafners INC
—
Deed Of Trust
related
$187,500 · Norwich Savings Society
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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