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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Showrooms
48 Whitehall Ave Mystic, CT 06355-1967
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0338412
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
FRAME
Total area
55,508 SF
Lot
5.86 ac (255,262 SF)
Zoning code
GC-60
APN
STON M:164 B:2 L:1
UPID
US15-0338412
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
-
Quality Inn Mystic-Groton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
Stonington Hospitality · 4 yrs held
Stonington Hospitality
since 2022
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
GC-60 · Mystic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+66.1%
Retail stores
$6.2M
+34.9%
Apartment house (5+ units)
$4.7M
+2.6%
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 Mystic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mystic 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
$4,665,000
ML approach
$5,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,585,000
Current use
OFFICE BUILDING
$7,615,000
Change: +66% · Conversion: Easy
RETAIL STORES
$6,185,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,705,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $5.91M (Mar 31 2022)
Last sale anchor
$5.91M
Mar 31 2022
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
$99 / 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
$70,305
Tax year 2023
Assessed value
$3,541,800
Assessed 2023
Previous assessed
$3,541,800
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,300,300
Assessed improvement
$2,241,500
Applied tax rate
372.0000
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
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
120
Total area
55,508 SF
Lot
5.86 ac (255,262 SF)
Zoning code
GC-60
APN
STON M:164 B:2 L:1
UPID
US15-0338412
Jurisdiction
STONINGTON
Zoning & alternative use
GC-60 · Mystic, CT
Zoning GC-60 · permitted uses
GC-60 · Mystic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mystic. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
120
Lot
5.86 ac
Current owner
From public records · entity-resolved
Stonington Hospitality
Individual
Mailing address
48 WHITEHALL AVE, STONINGTON, CT 06378
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$5,905,000
Stonington Hospitality
Mystic Hotels LLC
Warranty Deed
$2,952,500 · Charter Oak FCU
Mar 31, 2022
—
Stonington Hospitality
—
Deed
related
$1,822,000 · Community Investment Corp
Mar 21, 2017
$5,760,000
Mystic Hotels LLC
Roosevelt Fb LLC
Warranty Deed
$5,000,000 · Mint Nat'l Bk
Mar 6, 2017
—
Roosevelt Fb LLC
Wbcmt 2006-c27 Whitehall
Warranty Deed
related
—
May 31, 1996
—
Wellington Assoc
—
Deed Of Trust
related
$17,000,000 · Nomura Asset Capital
Aug 5, 1987
—
Wellington Associates
—
Deed Of Trust
related
$500,000 · Norwich Savings Society
Apr 10, 1987
—
Wellington Assoc
—
Deed Of Trust
related
$4,100,000 · Norwich Savings Society
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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