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    Property profile & analytics

    481 Ocean Ave New London, CT 06320

    • Commercial land
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 30, 2023
    Location Intelligence
    Property ID
    US15-0603931
    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

    • Commercial land

    Property Details for 481 Ocean Ave

    Lot size
    0.12 lot acres
    Property type
    Commercial land
    APN
    NLON M:E20 B:0054 L:0014
    APU
    NLONME20B0054L0014

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    New London
    State
    Connecticut
    Longitude
    -72.1045
    Latitude
    41.3328
    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
    2024
    $451
    $10,800
    $5,600
    $16,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      12 Sander St

      VACANT COMMERCIAL LAND • 0.12 Acres
      12 Sander St, New London, CT 06320-3320
      View Details
    • Value Estimation by Request
      0.28 Acres

      86 Washington St

      VACANT COMMERCIAL LAND • 0.28 Acres
      86 Washington St, New London, CT 06320
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    • Value Estimation by Request
      1.16 Acres

      Water St

      VACANT COMMERCIAL LAND • 1.16 Acres
      Water St, New London, CT 06320
      View Details
    • Value Estimation by Request
      0.15 Acres

      73 Blinman St

      VACANT COMMERCIAL LAND • 0.15 Acres
      73 Blinman St, New London, CT 06320
      View Details
    • Value Estimation by Request
      3.51 Acres

      Bowditch St

      VACANT COMMERCIAL LAND • 3.51 Acres
      Bowditch St, New London, CT 06320
      View Details
    • Value Estimation by Request
      0.14 Acres

      266 Broad St

      VACANT COMMERCIAL LAND • 0.14 Acres
      266 Broad St, New London, CT 06320-5227
      View Details

    Similar Nearby for Sale

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      Residential Land in New London

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      Land Available in New London

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      Land available for sale.
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    • Contact for pricing
      2.00 Acres

      New London Commercial Land Assemblage

      Four-acre redevelopment opportunity in prime location.
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    Similar Nearby for Lease

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      29,562 SF

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      New London, CT Office Space Available
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      New London Office Space Available

      Two office spaces for lease in New London, CT.
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      View Details
    • $2,217 /Mo
      1,900 SF

      Office Spaces Overlooking Shaw's Cove

      Multiple office spaces available for lease near Shaw's Cove Park.
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    • $2,500 /Mo
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      Downtown Commercial Unit For Lease

      Recently renovated 1,500 SF commercial unit in downtown New London.
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      Professional Office Building For Lease

      Class B office building with suites available for lease.
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    481 Ocean Ave
    New London, CT 06320
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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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