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Property profile & analytics
OFF-MARKET
Parking lots & garages
611 Ocean Ave GG24 New London, CT 06320-4422
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0565770
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
APN
NLON M:F22 B:0050 L:19.6-0
UPID
US15-0565770
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
-
Toby May Park Park
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
David Murray · 27 yrs held
David Murray
since 1999
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
$185
Tax year 2023
Assessed value
$4,970
Assessed 2023
Previous assessed
$4,970
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed improvement
$4,970
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Heating
NONE
Buildings
1
APN
NLON M:F22 B:0050 L:19.6-0
UPID
US15-0565770
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
Buildings
1
Current owner
From public records · entity-resolved
David Murray
Individual
Mailing address
611 OCEAN AVE UNIT E6, NEW LONDON, CT 06320-4449
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2001
—
Thomas P Rogers
—
Deed Of Trust
related
$96,600 · Liberty Bank
Oct 16, 2001
—
Marcia H Smith
—
Deed Of Trust
related
$75,000 · First Union National Bank
May 4, 1999
$127,500
David Murray
Vogt,susan
Warranty Deed
$95,000 · Peoples Mortgage Corp
May 3, 1999
$112,000
Elaine M Marven
Lyman,william H
Warranty Deed
$73,000 · Citizens Mortgage INC
Mar 29, 1999
—
Kathryn L Schargus
—
Deed Of Trust
related
$72,300 · Chelseagroton Savings Bank
Oct 13, 1998
$109,900
Leda T Hirsch
Dean,terence J
Warranty Deed
$104,300 · Mccue Mortgage Co
Aug 31, 1998
—
Lester J Reiss
—
Deed Of Trust
related
$77,000 · Gmac Mortgage Corp Pa
Jun 5, 1998
—
Catherine M Frean
—
Deed Of Trust
related
$10,700 · Countrywide Home Loans INC
Jan 26, 1998
—
Jeffrey Ah Lani
—
Deed Of Trust
related
$40,000 · Citizens Bank Of Ri
Oct 15, 1997
—
Alice A Sullivan
—
Deed Of Trust
related
$35,000 · Citizens Savings Bank Ct
Jul 16, 1997
—
Cecile M Costa
—
Deed Of Trust
related
$10,000 · Norwich Pequot Tch FCU
Jun 25, 1997
$106,900
Charles M Johnston 2nd
Plevyak,paul P JR
Warranty Deed
—
Jun 25, 1997
—
Charles M Johnston 2nd
—
Deed Of Trust
related
$95,800 · Chelseagroton Savings Bank
Mar 21, 1997
$90,000
Bradley W Lorinsky
Puckett,william Greer
Warranty Deed
$50,000 · Columbia National INC
Oct 17, 1996
$107,500
Francis H Quinn
Cote,louis E
Warranty Deed
$87,500 · American Home Funding
Jul 3, 1996
$89,000
Francis H Stuart
Norwich Svgs Society
Grant Deed
$39,000 · Norwich Savings Society
Apr 30, 1996
—
Joan M Mcintyre
—
Deed Of Trust
related
$83,900 · Chelseagroton Savings Bank
Jan 5, 1996
$101,000
Paul P Plevyak JR.
Ocean Side Dev
Warranty Deed
$80,800 · Chase Home Mortgage
Jun 30, 1995
$124,900
Harold J Doebler
Hurley,scott A
Warranty Deed
$99,900 · Webster Bank
Apr 28, 1995
$78,000
Gary A Pike
Ghrdc INC
Grant Deed
$70,200 · Chase Home Mortgage
May 18, 1994
—
William L Ernst
—
Deed Of Trust
related
$93,000 · Shawmut Mortgage
Feb 17, 1994
$92,500
Joanne M Olsen
Prudential Hm Mtg
Warranty Deed
$60,000 · Liberty Bank
Feb 4, 1994
—
Larry D Holder
—
Deed Of Trust
related
$87,000 · Chelseagroton Savings Bank
Nov 29, 1993
—
Norman A Spier
—
Deed Of Trust
related
$96,000 · Shawmut Mortgage
Sep 21, 1992
—
William H Jones
—
Deed Of Trust
related
$99,200 · Chelseagroton Savings Bank
Jun 21, 1991
—
Dennis Pezzolesi
—
Deed Of Trust
related
$113,249 · Bank Of Southeast Ct
May 24, 1991
—
Robert Sullivan
—
Deed Of Trust
related
$69,333 · Ne Federal Savings Bank
Oct 10, 1990
—
William G Puckett
—
Deed Of Trust
related
$111,200 · Commonwealth United Mtg Co
Mar 5, 1990
—
Alice Sullivan
—
Deed Of Trust
related
$10,000 · Ne Federal Savings Bank
Sep 22, 1989
—
Kenneth Moore
—
Deed Of Trust
related
$17,000 · Dutch Point Cu
Feb 28, 1989
—
Robert Sullivan III
—
Deed Of Trust
related
$60,000 · Ne Federal Savings Bank
Sep 27, 1988
—
Robert S Sullivan
—
Deed Of Trust
related
$145,000 · Ne Federal Savings Bank
Apr 12, 1988
—
Terence J Dean
—
Deed Of Trust
related
$20,000 · Bank Of Southeast Ct
Sep 15, 1987
—
Kevin E Cyr
—
Deed Of Trust
related
$145,000 · Ct Natl Mtg Co
Apr 29, 1987
—
Terence J Dean
—
Deed Of Trust
related
$120,000 · 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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