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Property profile & analytics
OFF-MARKET
Estimated value
$2,295,000
Industrial properties
35 Research Pkwy Old Saybrook, CT 06475-4211
Entity Owned
~
Est. High Equity
Property ID
US15-0976538
Property summary
AI-generated overview
This Old Saybrook, CT property at 35 Research Parkway offers 24,638 square feet of industrial space and 6,776 square feet of office space, totaling 30,414 square feet. The single-tenant building, constructed in 1975, sits on 2.96 acres and is classified as Class C. Features include a flexible layout allowing for subdivision, high ceilings (24'8"), four loading docks with six dock-high doors, and 240v three-phase power. The property boasts ample parking for 69 vehicles with additional space for semi-truck maneuvering. Zoned INDUSTRIAL-96, this space is ideal for manufacturing, warehousing, distribution, or R&D operations. The building is two stories with a maximum clear span of 57 feet. This exceptional property provides a robust infrastructure and prime location for a variety of industrial uses. The property is available for lease.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
STEEL FRAME
Total area
29,946 SF
Lot
2.96 ac (128,938 SF)
Zoning code
I1
APN
OSAY M:039 B:008 L:5
UPID
US15-0976538
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
-
BluSky Carbon Sustainability Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.30M
Owner & transaction history
Eak Holdings Co
Eak Holdings Co
since 2026
7 recorded transactions
Zoning & alternative use
I1 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.2M
+27.6%
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 Old Saybrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Saybrook 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
INDUSTRIAL (GENERAL)
$2,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,180,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±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
$77 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$20,655
Tax year 2024
Assessed value
$1,358,900
Assessed 2024
Previous assessed
$1,358,900
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$364,900
Assessed improvement
$994,000
Applied tax rate
274.0000
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
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
29,946 SF
Lot
2.96 ac (128,938 SF)
Zoning code
I1
APN
OSAY M:039 B:008 L:5
UPID
US15-0976538
Jurisdiction
OLD SAYBROOK
Zoning & alternative use
I1 · Old Saybrook, CT
Zoning I1 · permitted uses
I1 · Old Saybrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Saybrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Eak Holdings Co
Entity
Mailing address
PO BOX 591, OLD SAYBROOK, CT 06475-0591
Ownership since
2026
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
Mar 31, 2026
$1,750,000
Eak Holdings Co
Stark Properties LLC
Warranty Deed
—
Aug 23, 2024
—
Stark Properties LLC
—
Deed
related
—
Dec 19, 2013
—
Stark Properties LLC
—
Deed Of Trust
related
$4,000,000 · Peoples Bank
Dec 22, 2005
—
Stark Prop INC
—
Deed Of Trust
related
$500,000 · Hudson United Bank
Dec 31, 2001
—
Stark Properties LLC
—
Deed Of Trust
related
$400,000 · Hudson United Bank
Jun 29, 2000
—
Stark Prop LLC
—
Deed Of Trust
related
$700,000 · Liberty Bank
Jul 18, 1997
—
Stark Properties LLC
—
Deed Of Trust
related
$155,000 · Conn Business Dev
Jul 3, 1997
$375,000
Stark Properties LLC
Autumn Ridge Ltd
Warranty Deed
$187,500 · Liberty Bank
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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