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Property profile & analytics
OFF-MARKET
Commercial real estate
711 Rte 163 Montville, CT 06353-9992
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0639041
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
5.33 ac (232,175 SF)
Zoning code
GOV
APN
MONT M:038 B:053 L:000
UPID
US15-0639041
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
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
MAY REALTY LLC
MAY REALTY LLC
Zoning & alternative use
GOV · Montville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GOV District Deleted - 15.A.2.5,15.A.3.5 Coastal Area Management Deleted - 16.8, 16.9, 16.11 Special Permits Amended - 17.11.5, 17.13.2 October 11, 1997 Special Permits Deleted - TC (17.11.6), Game Farms (17.12), 17.13.3, 17.16 Site Plans Amended - 18.3.10 Signs Amended - 20.1.4, 20.1.5, 20.1.10, 20.2.1, 20.2.6, 20.3.1, 20.3.3, 20.3.4, Signs Deleted - 20.2.4…
Zone name
Government
General category
CIVIC_INSTITUTIONAL
Zone area
409.17 ac
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 Montville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montville 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
$8,748
Tax year 2023
Assessed value
$315,000
Assessed 2023
Previous assessed
$315,000
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$68,460
Assessed improvement
$246,540
Applied tax rate
361.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
3
Units
3
Lot
5.33 ac (232,175 SF)
Zoning code
GOV
APN
MONT M:038 B:053 L:000
UPID
US15-0639041
Jurisdiction
MONTVILLE
Zoning & alternative use
GOV · Montville, CTZoning GOV · permitted uses
GOV · Montville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GOV District Deleted - 15.A.2.5,15.A.3.5 Coastal Area Management Deleted - 16.8, 16.9, 16.11 Special Permits Amended - 17.11.5, 17.13.2 October 11, 1997 Special Permits Deleted - TC (17.11.6), Game Farms (17.12), 17.13.3, 17.16 Site Plans Amended - 18.3.10 Signs Amended - 20.1.4, 20.1.5, 20.1.10, 20.2.1, 20.2.6, 20.3.1, 20.3.3, 20.3.4, Signs Deleted - 20.2.4, 20.2.5 Open Space Amended Amendments Amended - 23.2 February 16,1999 Definition Amended- Antenna, Co -Location, Tower, Wireless Communication Services, Other Permits Amended -4.6.4.2(4) Special Permits Amended - 17.17.12 April 10, 1999 R-120 District Amended- 6.3.14
Zone name
Government
General category
CIVIC_INSTITUTIONAL
Zone area
409.17 ac
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Units
3
Lot
5.33 ac
Current owner
From public records · entity-resolved
MAY REALTY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
188 GLENWOOD AVE, NEW LONDON, CT 06320-3029
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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