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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Industrial properties
531 Broad St New London, CT 06320-2517
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0879262
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,502 SF
Lot
0.68 ac (29,800 SF)
APN
NLON M:C08 B:0262 L:0004-1
UPID
US15-0879262
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
-
General Woodcraft Inc (Bike/Boat/Book/etc) Store
-
Mataverde Premium Decking and Siding Solutions Building Supply Industrial Manufacturer
-
Asset Real Estate Logo Real Estate Agency
-
Debbie Delorimiere - Randall, Realtors Real Estate Agency
-
The Asset Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$525k
Owner & transaction history
Steven F Crook · 8 yrs held
Steven F Crook
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$705,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$46 / 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
$19,679
Tax year 2023
Assessed value
$528,430
Assessed 2023
Previous assessed
$528,430
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$215,880
Assessed improvement
$312,550
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
11,502 SF
Lot
0.68 ac (29,800 SF)
APN
NLON M:C08 B:0262 L:0004-1
UPID
US15-0879262
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
INDUSTRIAL (GENERAL) Current
Est. value
$705,000
INDUSTRIAL (GENERAL) Current
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Steven F Crook
Individual
Mailing address
30 OTHMAR ST, NARRAGANSETT, RI 02882-3346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2017
—
Steven F Crook
—
Deed
related
$4,500,000 · Bank Of America
Nov 4, 2011
—
Steven F Crook Ret
—
Deed Of Trust
related
$750,000 · Td Bank NA
Jan 22, 2008
—
Steven F Crook
—
Deed Of Trust
related
$2,500,000 · Banknorth NA
Aug 16, 2001
—
Steven F Crook
—
Deed Of Trust
related
$212,000 · Liberty Bank
Feb 24, 2000
—
Steven F Crook
—
Deed Of Trust
related
$600,000 · Liberty Bank
May 23, 1996
—
Steven F Crook
—
Deed Of Trust
related
$560,000 · Norwich Savings Society
Jul 14, 1992
—
Steven F Crook
—
Deed Of Trust
related
$196,500 · Zwi Kohorn
Jul 9, 1992
—
Steven F Crook
—
Deed Of Trust
related
$368,596 · Zuckerman Family Nomi
Jul 8, 1992
—
Steven F Crook
—
Deed Of Trust
related
$20,000 · Zuckerman Family Nomi
Jan 9, 1992
—
Steven F Crook
—
Deed Of Trust
related
$480,000 · Norwich Savings Society
May 20, 1988
—
Steven F Crook
—
Deed Of Trust
related
$56,500 · Zwi Kohorn
—
—
Steven F Crook
—
Deed Of Trust
related
$160,000 · Bank Of America
—
—
Steven F Crook
—
Deed Of Trust
related
$4,500,000 · Bank Of America
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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