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Property profile & analytics
OFF-MARKET
Commercial land
470 Broad St New London, CT 06320
Entity Owned
15-yr Hold
Free & Clear
Property ID
US15-0117447
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.33 ac (14,520 SF)
APN
NLON M:C09 B:0218 L:0005
UPID
US15-0117447
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William M Sullivan Realty · 15 yrs held
William M Sullivan Realty
since 2010
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,059
Tax year 2023
Assessed value
$189,560
Assessed 2023
Previous assessed
$189,560
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$174,860
Assessed improvement
$14,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.33 ac (14,520 SF)
APN
NLON M:C09 B:0218 L:0005
UPID
US15-0117447
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
William M Sullivan Realty
Entity
Free & Clear · 15 yrs held
Mailing address
452 BROAD ST, NEW LONDON, CT 06320-2546
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
—
William M Sullivan Rlty
—
Deed
related
$3,650,000 · Dime Bank
Dec 6, 2010
$251,400
William M Sullivan Realty
Sullivan,martin J
Grant Deed
—
Nov 22, 1995
$275,000
Martin J Sullivan
Thomasson,steven A
Warranty Deed
—
Apr 30, 1992
$290,000
Steven A Thomasson
Mummert,earl J II
Warranty Deed
$210,000 · Bank Of Southeast Ct
Apr 30, 1992
—
Steven A Thomasson
—
Deed Of Trust
related
$80,000 · Zenon Grzybowski
Dec 29, 1988
—
Martin J Sullivan
—
Deed Of Trust
related
$5,200,000 · Connecticut National Bank
Dec 16, 1988
—
Martin J Sullivan
—
Deed Of Trust
related
$3,000,000 · Connecticut National Bank
Apr 10, 1987
—
Earl J Mummert II
—
Deed Of Trust
related
$112,000 · 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.
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