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Property profile & analytics
FOR LEASE
Showrooms
425 Montauk Ave New London, CT 06320
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0600764
For Lease
1 / 5
$1,850/Mo
425 Montauk Ave, New London, CT 06320
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
FRAME
Total area
5,809 SF
Lot
0.28 ac (12,182 SF)
APN
NLON M:F19 B:0071 L:0016
UPID
US15-0600764
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
-
Davis Sandra Employment Agency
-
Thames Gynecologic Group Physician Medical Clinic
-
Redstar Plumbing & Heating Plumbing Service General Contractor
-
FNP Medical Services, LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$312k
Blend (final)
Blend
$510k
Owner & transaction history
Accord Realty LLC · 1 yrs held
Accord Realty LLC
since 2024
Last sale
$510,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+76.3%
Retail stores
$645,000
+43.2%
Apartment house (5+ units)
$530,000
+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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
OFFICE BUILDING
$795,000
Change: +76% · Conversion: Easy
RETAIL STORES
$645,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$530,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Oct 2 2024)
Last sale anchor
$510k
Oct 2 2024
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
$88 / 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
$7,156
Tax year 2024
Assessed value
$260,200
Assessed 2024
Previous assessed
$260,200
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$73,400
Assessed improvement
$186,800
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
1970
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
5
Total area
5,809 SF
Lot
0.28 ac (12,182 SF)
APN
NLON M:F19 B:0071 L:0016
UPID
US15-0600764
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
$450,000
OFFICE BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$530,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Accord Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
45 RED ROCK LN, SOUTH WINDSOR, CT 06074-3790
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$510,000
Accord Realty LLC
Sotannary
Warranty Deed
—
Mar 25, 2022
$355,000
Sotannary INC
Pc4l Properties LLC
Warranty Deed
—
Jul 9, 2013
—
PC 4 L Props LLC
425 Montauk Avenue LLC
Warranty Deed
$257,600 · Charter Oak FCU
Oct 20, 2003
$125,000
John Wiles
Marchand,gilles
Warranty Deed
—
Feb 4, 1987
—
John C Wiles
—
Deed Of Trust
related
$200,000 · Ct Natl Bk
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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