Property profile

8 Colton Rd East Lyme, CT 06333

OFF-MARKET
Auto shops
Property ID
US15-0489826
3,900 SF 2.06 ac lot Built 1989
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,900 SF
Lot 2.06 ac (89,734 SF)
Zoning code LI
APN ELYM M:009.0 B:00007 L:00000
UPID US15-0489826

Cap rate & NOI

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

Location

8 Colton Rd East Lyme, CT 06333-1435
East Lyme metro Census 716101 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2023
Last sale
$475,000
2 recorded transactions
2023
$475,000
1998
Price N/A

Zoning & alternative use

LI · East Lyme, CT
Zoning description

11 LI LIGHT INDUSTRIAL DISTRICTS 45 11A GATEWAY PLANNED DEVELOPMENT DISTRICT 48 12 SU SPECIAL USE DISTRICTS 71 12A SU-E SPECIAL USE ELDERLY HOUSING DISTRICTS 75 13 REMOVED 82 14 COASTAL AREA MANAGEMENT 83 15 FLOOD HAZARD…

General category INDUSTRIAL

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
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