Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    82 Mechanic St Pawcatuck, CT 06379-2154
    Back to Search
    Property profile & analytics

    82 Mechanic St, Pawcatuck, CT 06379-2154

    View on Map
    • Industrial properties
    • 8.90 lot acres
    Off-Market
    Last Sale Mar 22, 2021
    Property ID
    US15-0434803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conn RI Paper Supply Co / Department Store
    • Alupower Inc / Industrial Manufacturer / Production Facility

    Property Details for 82 Mechanic St

    Lot size
    8.90 lot acres
    Zone code
    HM
    Property type
    Industrial properties
    APN
    STON M:4 B:7 L:15
    APU
    STONM4B7L15

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2021 — Kayla Group LLC — Deed · related $153.4M · Paul Cheek
    Mar 22, 2021 — Kayla Group LLC Whittaker Tech Products Warranty Deed —
    Feb 13, 1998 $225,000 Cimini & Assoc INC Schachner,richard T Warranty Deed —
    Nov 4, 1991 — Richard Schachner — Deed Of Trust · related $95k · Chelseagroton Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawcatuck
    County
    New London
    State
    Connecticut
    Longitude
    -71.833
    Latitude
    41.3729
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,740
    $196,600
    $367,100
    $563,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      950 SF

      10 Alice Ctb5

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb5, Pawcatuck, CT 06379-1383
      View Details
    • Value Estimation by Request
      8,526 SF

      9 Coggswell St

      INDUSTRIAL (GENERAL)
      9 Coggswell St, Pawcatuck, CT 06379-1626
      View Details
    • Value Estimation by Request
      16.60 Acres

      100 Mechanic St

      INDUSTRIAL (GENERAL)
      100 Mechanic St, Pawcatuck, CT 06379-2163
      View Details
    • Value Estimation by Request
      11,058 SF

      12 Alice Ct

      INDUSTRIAL (GENERAL)
      12 Alice Ct, Pawcatuck, CT 06379-1384
      View Details
    • Value Estimation
      $525,000
      32.01 Acres

      35 Extrusion Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      35 Extrusion Dr, Pawcatuck, CT 06379
      View Details
    • Value Estimation by Request
      950 SF

      10 Alice Ctb4

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb4, Pawcatuck, CT 06379-1383
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,300 SF

      Newly Renovated Shared Office Space

      High-exposure, shared office space in Pawcatuck, Route 1 location.
      158 South Broad St, Stonington, CT 06379
      View Details
    • $365,000
      Pending

      Stonington Two-Family Home For Sale

      Two-family home with recent upgrades and convenient location.
      51 Pequot Trl, Stonington, CT 06379
      View Details
    • Contact for pricing

      Stonington Commercial Land I-95 Frontage

      68-acre commercial land with I-95 and Route 2 frontage.
      546 Liberty St, Stonington, CT 06379
      View Details

    Similar Nearby for Lease

    • $38,000

      Commercial Land Lease Opportunity

      Land lease and build to suit opportunity available.
      37 South Broad St, Stonington, CT 06379
      View Details
    • Contact for pricing

      One Acre Development Parcel

      One-acre commercial land parcel available for ground lease.
      472 Liberty St, Stonington, CT 06379
      View Details
    • $2,500 /Mo
      1,500 SF

      Customizable Retail Space on Route 1

      High-visibility commercial space with buildout allowance and flexible lease terms.
      158 South Broad St, Stonington, CT 06379
      View Details
    • $800 /Mo
      215 SF

      Corner Office Space Available

      Private corner office in renovated shared space for lease.
      158 South Broad St, Stonington, CT 06379
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Customizable commercial space with high visibility and flexible lease terms.
      A-158 S Broad St, Pawcatuck, CT 06379
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    82 Mechanic St
    Pawcatuck, CT 06379-2154
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    82 Mechanic St, Pawcatuck, CT, 06379
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!