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Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Showrooms
349 Liberty St Pawcatuck, CT 06379-1334
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US15-0997650
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
FRAME
Total area
42,220 SF
Lot
4.05 ac (176,418 SF)
Zoning code
HI-60
APN
STON M:17 B:3 L:1
UPID
US15-0997650
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
-
Old mystic Shopping Center & Mall
-
La Quinta Inn & Suites by Wyndham Stonington-Mystic Area Hotel & Motel
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.49M
Owner & transaction history
Mukesh A Patel · 17 yrs held
Mukesh A Patel
since 2008
7 recorded transactions
Zoning & alternative use
HI-60 · Pawcatuck, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+49.4%
Retail stores
$4.7M
+21.3%
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 Pawcatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pawcatuck 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,880,000
Current use
OFFICE BUILDING
$5,795,000
Change: +49% · Conversion: Easy
RETAIL STORES
$4,705,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,580,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±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
$83 / 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
$62,946
Tax year 2023
Assessed value
$3,303,900
Assessed 2023
Previous assessed
$2,202,200
+50.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$393,800
Assessed improvement
$2,910,100
Applied tax rate
372.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
75
Rooms
75
Bathrooms
73
Total area
42,220 SF
Lot
4.05 ac (176,418 SF)
Zoning code
HI-60
APN
STON M:17 B:3 L:1
UPID
US15-0997650
Jurisdiction
STONINGTON
Zoning & alternative use
HI-60 · Pawcatuck, CTZoning HI-60 · permitted uses
HI-60 · Pawcatuck, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
75
Rooms
75
Bathrooms
73
Lot
4.05 ac
Current owner
From public records · entity-resolved
Mukesh A Patel
Individual
Mailing address
349 LIBERTY ST, PAWCATUCK, CT 06379-1334
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
—
White Rock Hospitality
—
Deed
related
$4,300,000 · Putnam Bk
Sep 1, 2009
—
White Rock Hospitalit LLC
—
Deed Of Trust
related
$1,080,000 · Home Loan & Investment Bank
Aug 15, 2008
—
White Rock Hospitalit LLC
—
Deed Of Trust
related
$4,900,000 · Home Loan & Investment Bank
Aug 15, 2008
$1
Mukesh A Patel
White Rock Hosp LLC
Grant Deed
related
—
Sep 7, 2006
$1
Mukesh A Patel
Conn State Of
Grant Deed
related
—
Apr 25, 1996
—
Keith L Main SR.
—
Deed Of Trust
related
$700,000 · Washington Trust Co
Jul 19, 1988
—
Keith L Main SR
—
Deed Of Trust
related
$515,000 · Washington Trust Co
—
—
White Rock Hospitality
—
Deed Of Trust
related
$4,300,000 · Putnam Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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