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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Industrial properties
800 Flanders Rd Mystic, CT 06355-1331
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US15-0847000
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
7,280 SF
Lot
7.06 ac (307,534 SF)
Zoning code
IM
APN
GROT M:260906476662
UPID
US15-0847000
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
-
Window Wiper Technologies Industrial Manufacturer Production Facility
-
Pitching Easy Sports Field & Court Sports School
-
BIOHAZARD CLEANUP OF CONNECTICUT LLC Commercial Cleaning Service
-
Glenn Baller & Company Hardware & Home Improvement Furniture & Home Goods
-
Components for Manufacturing, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$585k
Owner & transaction history
Mystic Business Park LLC · 17 yrs held
Mystic Business Park LLC
since 2008
4 recorded transactions
Zoning & alternative use
IM · Mystic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$810,000
+82.3%
Apartment house (5+ units)
$615,000
+38.7%
Commercial (general)
$600,000
+35.1%
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 Mystic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mystic 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
RETAIL STORES
$810,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$615,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$80 / 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
$62,518
Tax year 2023
Assessed value
$2,548,630
Assessed 2023
Previous assessed
$2,548,630
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$703,430
Assessed improvement
$1,845,200
Applied tax rate
355.0000
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
2001
Heating
NONE
Buildings
9
Units
1
Total area
7,280 SF
Lot
7.06 ac (307,534 SF)
Zoning code
IM
APN
GROT M:260906476662
UPID
US15-0847000
Jurisdiction
GROTON
Zoning & alternative use
IM · Mystic, CT
Zoning IM · permitted uses
IM · Mystic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mystic. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
RETAIL STORES
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$600,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2001
Heating
NONE
Buildings
9
Units
1
Lot
7.06 ac
Current owner
From public records · entity-resolved
Mystic Business Park LLC
Entity
Mailing address
800 FLANDERS RD, MYSTIC, CT 06355-1331
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2008
$1
Mystic Business Park LLC
Janney,eric M
Grant Deed
related
—
Sep 12, 2008
—
Mystic Business Park LLC
—
Deed Of Trust
related
$817,000 · Chelseagroton Savings Bank
Jul 12, 2001
—
Mystic Bus Park LLC
—
Deed Of Trust
related
$520,000 · Chelseagroton Savings Bank
Feb 10, 1987
$60,000
Mystic River Hold Co
Sauchuk,michael
Grant Deed
$60,000 · Zenon Grzybowski
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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