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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office Spaces
4 Huntley Rd Old Lyme, CT 06371
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0711688
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
FRAME
Total area
6,966 SF
Lot
1.51 ac (65,776 SF)
APN
OLYM M:21 L:54-2
UPID
US15-0711688
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 Lyme Gourmet Co Specialty Food Shop
-
Circulatory Centers Medical Clinic
-
Bonne Sante Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$865k
Owner & transaction history
Jl Investments LLC · 3 yrs held
Jl Investments LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
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 Old Lyme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old 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
$825,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
RETAIL STORES
$775,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $900k (Oct 12 2022)
Last sale anchor
$900k
Oct 12 2022
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
$124 / 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
$13,141
Tax year 2023
Assessed value
$559,200
Assessed 2023
Previous assessed
$559,200
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed improvement
$559,200
Applied tax rate
364.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
3
Rooms
6
Bathrooms
2
Total area
6,966 SF
Lot
1.51 ac (65,776 SF)
APN
OLYM M:21 L:54-2
UPID
US15-0711688
Jurisdiction
OLD LYME
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$955,000
RETAIL STORES
Est. value
$775,000
OFFICE BUILDING Current
RETAIL STORES
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
2006
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
3
Rooms
6
Bathrooms
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Jl Investments LLC
Entity
Mailing address
4 HUNTLEY RD, OLD LYME, CT 06371
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
Jl Investments LLC
—
Deed
related
$375,000 · Community Investment Corp
Oct 12, 2022
$900,000
Jl Investments LLC
Bgp Developers LLC
Warranty Deed
$814,500 · Essex Savings Bank
Feb 12, 2018
—
Bgp Developers LLC
—
Deed
related
$455,000 · Essex Savings Bank
Nov 5, 2012
—
Bgp Developers LLC
—
Deed Of Trust
related
$650,000 · Eastern Federal Bank
Oct 28, 2005
$140,000
Questa Bldg&design LLC
4 Huntley Road LLC
Warranty Deed
$450,000 · Essex Savings Bank
Jan 31, 1990
—
Grc Assoc Rlty Ptnrshp
—
Deed Of Trust
related
$500,000 · Connecticut National Bank
—
—
Bgp Developers LLC
—
Deed Of Trust
related
$455,000 · Essex Savings 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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