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    51 School House Ln East Hampton, CT 06424
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    51 School House Ln East Hampton, CT 06424

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    • Residential land & home lots
    Off-Market
    Property ID
    US15-0415243
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 51 School House Ln

    Property type
    Residential land & home lots

    Description

    Suburban Quiet Lane on cul de sac in between 2 newer homes( cape on east & ranch on west) with the rear even more private with a 20+A lot with just one large colonial home. SCHOOLHOUSE LANE is a quiet paved and gravel cul de sac with less than 10 homes. Perk tested and designed for a 2BR raised ranch years ago with an old town regime who have since been removed or left. Other lots nearby are availabe with one with a foundation and a 2030 sf cape already approved on 1.4A high lot overlooking Route 66 with seasonalCT River views plus an adjacent 2.09A lot that was approved for a 4BR colonial with potentail joint venture/financing/exchange. The town of East Hampton has Route 66 traversing it east west in Middlesex County in central CT with Schoolhouse Lane running west of Hog Hill Road. All lots on the south side of Schoolhouse Lane are all built except THIS LOT - (formerly known as lot 10 ) is about a mile south of Route 66. Schoolhouse Lane also runs off a state road closer to the CT River which also ends in a cul de sac near this lot. The owner will exchange, consider a joint venture, hold paper or take potential other properties of all kinds. Owner/Realtor is not a builder and would consider problem properties to exchange into or consider a creative solution for your property or situation. This additional lot with a foundation is ready to build a 2030 SF cape with some seasonal views of the CT River 1 mile to the north on Route 66- known as 2 Old Middletown Road which is 1.4 Acres with a gravel driveway started which previously had a cedar log home kit started but the excavator/contractor did not follow the instructions-hence the kit was removed. This lot may just need a new permit pulled to build immediately. This lot can be combined with 51 Schoohouse Lane or purchased separately.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.54063
    Latitude
    41.5524896

    Comparable in this City

    • New
      $115,000
      Pending

      Residential Land in East Hampton

      Build your dream home on this pre-approved 1.38-acre lot.
      424 Moodus Rd, East Hampton, CT 06424
      View Details
    • New
      $115,000
      Pending

      East Hampton Land Opportunity

      Build your dream home on this pre-approved 1.38-acre lot.
      420 Moodus Rd, East Hampton, CT 06424
      View Details
    • New
      $115,000
      Pending

      East Hampton Land Opportunity

      Build your dream home on this pre-approved 1.38-acre lot.
      418 Moodus Rd, East Hampton, CT 06424
      View Details
    • $499,900
      2,000 SF

      East Hampton Duplex Near Lake

      Two-unit duplex near Lake Pocotopaug, East Hampton, CT.
      141 E High St, East Hampton, CT 06424
      View Details

    Similar Nearby for Sale

    • New
      $115,000
      Pending

      Residential Land in East Hampton

      Build your dream home on this pre-approved 1.38-acre lot.
      424 Moodus Rd, East Hampton, CT 06424
      View Details
    • New
      $115,000
      Pending

      East Hampton Land Opportunity

      Build your dream home on this pre-approved 1.38-acre lot.
      420 Moodus Rd, East Hampton, CT 06424
      View Details
    • New
      $115,000
      Pending

      East Hampton Land Opportunity

      Build your dream home on this pre-approved 1.38-acre lot.
      418 Moodus Rd, East Hampton, CT 06424
      View Details
    • $499,900
      2,000 SF

      East Hampton Duplex Near Lake

      Two-unit duplex near Lake Pocotopaug, East Hampton, CT.
      141 E High St, East Hampton, CT 06424
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      East Hampton Retail/Medical Space

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      Retail Space for Lease

      Retail space available for lease in East Hampton, CT.
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    • $5,000 /Mo
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      Dominant Shopping Center For Rent

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    • $1,600 /Mo
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      Versatile Commercial Unit in Downtown

      Adaptable commercial space in East Hampton's heart, suitable for various uses.
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    • $27 SF/Yr

      Retail and Medical Spaces

      Retail and medical spaces in the heart of East Hampton.
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    East Hampton, CT 06424
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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