New search
Property profile & analytics
FOR LEASE
Showrooms
400 Bayonet St New London, CT 06320
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0579706
For Lease
1 / 25
$4,100,000 SF/Yr
400 Bayonet St, New London, CT 06320
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
31,956 SF
Lot
1.94 ac (84,506 SF)
APN
NLON M:C06 B:0311 L:0008
UPID
US15-0579706
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
-
Talk and Play, LLC. Physician
-
Bruce A. Chamberlain Law Firm
-
Ruane Attorneys At Law, LLC Law Firm
-
Newbury Construction Construction Company General Contractor
-
Richard P. Cerniglia, EDD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$2.34M
Owner & transaction history
400 Bayonet St LLC · 27 yrs held
400 Bayonet St LLC
since 1999
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+43.2%
Apartment house (5+ units)
$2.9M
+16.8%
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 New London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New London 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)
$2,485,000
Current use
RETAIL STORES
$3,560,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,905,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$73 / 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
$74,946
Tax year 2023
Assessed value
$2,012,500
Assessed 2023
Previous assessed
$2,012,500
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$517,090
Assessed improvement
$1,495,410
Applied tax rate
384.0000
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
For Lease
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
17
Total area
31,956 SF
Lot
1.94 ac (84,506 SF)
APN
NLON M:C06 B:0311 L:0008
UPID
US15-0579706
Jurisdiction
NEW LONDON
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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
17
Lot
1.94 ac
Current owner
From public records · entity-resolved
400 Bayonet St LLC
Entity
Mailing address
21 HEYWOOD ST, WORCESTER, MA 01604-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Bayonet Holdings LLC
—
Deed
related
$3,300,000 · Dime Bank
Dec 6, 2002
—
400 Bayonet St LLC
—
Deed Of Trust
related
$1,450,000 · Citizens Bank Of Ct
May 31, 2001
—
400 Bayonett St.
—
Deed Of Trust
related
$123,000 · Dime Savings Bank Norwich
Mar 5, 1999
$550,000
400 Bayonet St LLC
L&s Rlty
Warranty Deed
$1,250,000 · Dime Savings Bank Norwich
Mar 5, 1999
$120,000
400 Bayonet St LLC
Unit 7 Assoc
Warranty Deed
—
Apr 22, 1998
—
Bayonet Street LP Co
—
Deed Of Trust
related
$1,400,000 · Zuckerman Family Nomi
Apr 16, 1998
$130,000
400 Bayonet St LLC
Glassman,sanford
Grant Deed
—
Apr 16, 1998
—
400 Bayonet St LLC
—
Deed Of Trust
related
$97,500 · Citizens Savings Bank Ct
Nov 25, 1997
—
400 Bayonet St LLC
—
Deed Of Trust
related
$361,600 · Federal Deposit INC Corp
Dec 14, 1994
—
Bayonet St. Lodgings Ll
—
Deed Of Trust
related
$100,000 · Norwich Savings Society
Jun 16, 1994
$490,000
Bayonett Stlodgings Lc
Norwich Holding INC
Grant Deed
$467,500 · Norwich Savings Society
Oct 29, 1991
—
Unit Seven Assoc
—
Deed Of Trust
related
$95,000 · Connecticut National Bank
Jan 3, 1990
—
John Lanza
—
Deed Of Trust
related
$80,000 · Zwi Kohorn
Dec 28, 1989
$2,200,000
John Lanza
Golub,audrey
Grant Deed
—
Sep 29, 1989
$2,200,000
John P Lanza
Golub,audrey
Grant Deed
$1,760,000 · Ne Federal Savings Bank
Sep 27, 1988
$168,000
Unit Seven Assoc
Golub,audrey
Grant Deed
$168,000 · Connecticut National Bank
Aug 1, 1988
$170,000
Sanford Glassman
Golub,audrey
Grant Deed
$175,000 · Ct Natl Bk
Jul 14, 1988
$40,000
Bayonet St. Assoc
Classic Modular Hms
Grant Deed
—
Mar 14, 1988
—
Audrey Golub
—
Deed Of Trust
related
$100,000 · Ne Federal Savings Bank
Jan 25, 1988
$680,000
John P Lanza
Golub,audrey
Grant Deed
$672,000 · Zenon Grzybowski
Feb 23, 1987
—
Audrey Golub
—
Deed Of Trust
related
$2,400,000 · Ne Federal 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
