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    Property profile & analytics

    406 New London Rd Salem, CT 06420-4125

    • Showrooms
    • 1,388 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US15-0820660
    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

    • Safe Lawns of Salem / Lawn Sprinkler System Contractor / Pest Control Service
    • Wealthy Influencers / Entertainer
    • Burnett's Landscaping / Landscaper / Landscape Designer

    Property Details for 406 New London Rd

    Year built
    1971
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    1,388 SF
    Zone code
    R-A
    Property type
    Showrooms
    APN
    SALE M:17 B:003 L:000
    APU
    SALEM17B003L000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $235,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $275,000
      Mixed-Use
      $255,000
      Hospitality
      $295,000
      Educational
      $260,000
      Residential Income
      $245,000
      Energy
      $240,000
      Income-Based Land
      $230,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    New London
    State
    Connecticut
    Longitude
    -72.2408
    Latitude
    41.4558
    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
    $5,008
    $65,900
    $108,000
    $173,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      16,078 SF

      24 Hartford Rd

      SHOW ROOM, WAREHOUSE • 16,078 SF
      24 Hartford Rd, Salem, CT 06420-3838
      View Details
    • Value Estimation
      $280,000
      384 SF

      29 Haddam Rd

      SHOW ROOM, WAREHOUSE • 384 SF
      29 Haddam Rd, Salem, CT 06420
      View Details
    • Value Estimation
      $355,000
      19,800 SF

      195 Haddam Rd

      SHOW ROOM, WAREHOUSE • 19,800 SF
      195 Haddam Rd, Salem, CT 06420-3904
      View Details
    • Value Estimation
      $260,000
      4,148 SF

      428 Hartford Rd

      SHOW ROOM, WAREHOUSE • 4,148 SF
      428 Hartford Rd, Salem, CT 06420-3603
      View Details
    • Value Estimation
      $445,000
      11,148 SF

      26 New London Rd

      SHOW ROOM, WAREHOUSE • 11,148 SF
      26 New London Rd, Salem, CT 06420-4052
      View Details
    • Value Estimation
      $385,000
      10,224 SF

      349 Old Colchester Rd

      SHOW ROOM, WAREHOUSE • 10,224 SF
      349 Old Colchester Rd, Salem, CT 06420-3747
      View Details

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      Land available for sale.
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    Similar Nearby for Lease

    • $1,600 /Mo
      19,159 SF

      Retail Space in Salem Center

      Retail space for lease in revitalized Salem Town Center.
      1 New London Rd, Salem, CT 06420
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    • $12 SF/Yr
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      Route 85 Retail/Office Space

      950 SF retail or office space available on Route 85.
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      View Details
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    406 New London Rd
    Salem, CT 06420-4125
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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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