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    Property profile & analytics

    40 Columbus Ave Old Lyme, CT 06371

    • Industrial land
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 26, 2022
    Location Intelligence
    Property ID
    US15-0753428
    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

    • Industrial land

    Property Details for 40 Columbus Ave

    Lot size
    0.20 lot acres
    Property type
    Industrial land
    APN
    OLYM M:79 L:36
    APU
    OLYMM79L36

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Old Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.2824
    Latitude
    41.2864
    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
    2023
    $512
    $15,200
    $6,600
    $21,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.88 Acres

      38 Hatchetts Hl Rd

      INDUSTRIAL - VACANT LAND • 6.88 Acres
      38 Hatchetts Hl Rd, Old Lyme, CT 06371-1570
      View Details
    • Value Estimation by Request
      3.72 Acres

      2 Enterprise Dr

      INDUSTRIAL - VACANT LAND • 3.72 Acres
      2 Enterprise Dr, Old Lyme, CT 06371-1571
      View Details
    • Value Estimation by Request
      0.48 Acres

      15 Wildwood Dr

      INDUSTRIAL - VACANT LAND • 0.48 Acres
      15 Wildwood Dr, Old Lyme, CT 06371
      View Details
    • Value Estimation by Request
      48.89 Acres

      102-A 4th Mile Riv Rd

      INDUSTRIAL - VACANT LAND • 48.89 Acres
      102-A 4th Mile Riv Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation by Request
      3.22 Acres

      2 Connecticut Rd

      INDUSTRIAL - VACANT LAND • 3.22 Acres
      2 Connecticut Rd, Old Lyme, CT 06371
      View Details
    • Value Estimation by Request
      2.51 Acres

      6 Enterprise Dr

      INDUSTRIAL - VACANT LAND • 2.51 Acres
      6 Enterprise Dr, Old Lyme, CT 06371-1571
      View Details

    Similar Nearby for Sale

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      Land For Sale

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    Similar Nearby for Lease

    • $13 SF/Yr
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      Old Lyme Marketplace Retail Spaces

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    • $12 SF/Yr
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      Old Lyme Office Building For Lease

      Two-story office building in Old Lyme with highway access.
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    • $13 SF/Yr

      Specialty Property for Rent

      Specialty property available for rent.
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      View Details
    • Contact for pricing
      622 SF

      Old Lyme Office Space Available

      Office space available for lease in Old Lyme, Connecticut.
      10 Vista Dr, Old Lyme, CT 06371
      View Details
    • $15 SF/Yr

      Class A Office Space Available

      4,000 SF Class A office space for lease.
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      View Details
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    40 Columbus Ave
    Old Lyme, CT 06371
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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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