Property profile

79 New London Rd Salem, CT 06420

OFF-MARKET
Showrooms
Property ID
US15-0101180
6,222 SF 2.23 ac lot Built 1995
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1995
Construction FRAME
Total area 6,222 SF
Lot 2.23 ac (97,139 SF)
APN SALE M:05 B:021 L:A00
UPID US15-0101180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

79 New London Rd Salem, CT 06420-4020
Salem metro Census 715100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2024
Last sale
$600,000
7 recorded transactions
2025
Price N/A
2024
$600,000
2023
$400,000
2010
$680,000
1995
Price N/A
1994
Price N/A
1994
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $855,000 +146.1%
Retail stores $695,000 +99.9%
Apartment house (5+ units) $525,000 +52.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 79 New London Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message