Coventry 11,688 SF Ideal for Student Housing or Motel

City Water & Sewer 11,688 SF, Acres: 1.53 , Expandable to 3 stories or 35,000 SF. Just off of Main St. Heating: Oil Village
Gateway Zone Taxes: $10,800, On Wangumbaug Lake. Abuts popular Coventry Lakeview Restaurant Traffic Count: 3,900 5
miles from UCONN & ECONN Coventry has confirmed 3 story addition

Westbrook Commercial building on Route 1.

Commercial building on Route 1. 3,344 SF on 1.03 acres. There is an enclosed and open porch. There is also a basement.
Potential uses include: Retail Store, Mixed Use, Sit-down Restaurant, Business/Professional Office,
Boarding/Lodging/Rooming, Vehicle Renting/Leasing or a Three-family Dwelling.

Norwich 2 Dwellings w/4 outbuildings on 14+ AC in R-80 Zone Near Route 32, & 395

2 Dwellings plus several outbuildings on 14.26 acres in R-80 zone Near Route 32, & 395. Possibly Sub dividable 14.26 in R-80 Zone with 1,856 SF 2 BR, I full bath house (which is currently undergoing renovations), 458 SF 1 BR, 1 BA year-round cottage, 780 SF barn, 572 SF & 396 SF garages, and 228 SF shed. Private well & septic.

55 Reservoir Road, Vernon, CT 06066

Proposed: Flex Space, Self Storage, Last Mile Warehouse, Multi-family or Retail Development 40.55 acres in Vernon’s Planned Development Zone. Great visibility with a traffic count of 74,000. On I-84 and 21,500 on Reservoir Rd. Public water and Sewer. Has an existing road through entire parcel!

Join Mailing List

Lyman Guide

Ways to Financially Analyze a Commercial Real Estate Investment

Commercial real estate (CRE) is a numbers game

So, financial analysis is the foundation for making informed commercial real estate decisions

  • Helps you evaluate financial performance, investment return, property values
  • Helps you arrive at the value of a purchase, compare purchase options

Key measures

  • Net operating income (NOI)
    • NOI = gross income — operating expenses
    • Lenders use this to determine the maximum loan amount they’ll approve
  • Debt-service-coverage ratio (DSCR)
    • DSCR = NOI / annual debt service
    • Tells you the cash flow available to service the property’s debt
    • DSCR of 1.25 or higher normally adequate for a CRE investment
  • Capitalization rate (cap rate)
    • Cap rate = NOI / property’s market value
    • Used to determine the rate of return expected on an investment property
    • Can also calculate a property’s value based on a desired rate of return, using the following formula:
      • Property value = NOI / cap rate
    • Useful for comparing the relative values of alternative CRE investments
    • Higher cap rate generally indicates a higher return, but also, typically, a higher risk
  • Return on Investment (ROI)
    • REI = NOI / amount invested
    • The higher the ROI, the better the investment
  • Cash-on-cash return (CoC)
    • CoC = annual pretax cash flow / total cash invested
    • The higher the CoC return, the better the investment