About Ron Lyman - Founder & CEO

Ron Lyman is Founder, President, & CEO of Lyman Real Estate which is located in the center of Westbrook, CT. He oversees all aspects of the business including office, retail, industrial, land- leasing and sales, investment sales, and development. Ron has over 45 years of expertise in real estate transactions. Throughout his time in addition to his full time brokerage business, he has acquired, developed, managed, and sold numerous projects. He is also an active Broker throughout Connecticut, representing buyers or tenants for expansions and landlords’ leasing or sales.

Locally, Ron developed and owns Max’s Place, a 128,000 SF retail shopping center in Old Saybrook that opened in 2014. It is co-anchored by Big Y and Kohl’s. Other retailers in the project include Ulta Beauty, Choice Pets, Five Guys, Super Cuts and T-Mobile.
Ron has worked closely with local planning and zoning boards to make sure to use New England style architecture and that all requirements are met and expectations are exceeded in the shoreline community.
Lyman Real Estate is passionate about giving back to the community, as well as across the state through supporting several organizations.

Ron moved full time to Westbrook in 2006 with his wife Jackie where they have raised their three sons, Sam, Max, and Jack.
Ron’s oldest son Tyler, as well as Sam and Jack are also all in the commercial real estate business,
Jackie launched the residential business in 2015 in their Westbrook office where Jackie has been the number one sales person in the town of Westbrook for total sales volume for 2018, 2019, 2021, and, 2023
Sounds like one could call it a “family affair”.

The Lyman family truly enjoys living in Westbrook, often referring to it as, “the best kept secret on the shoreline”!

Samples of Ron’s Transactions

  • Lindo Construction LLC in the sale of a 20+ acre Montville Multi Fam building site to Buyer Joseph Sullo & Sal Indmenic for $700,000 in August of 2023
  • Wakeham Medical LLC in the sale of a Middletown Office  Building to Buyer Unique Beauty PLLC, for $365,000 in July of 2023
  • 577 West Main St LLC, in the sale of a .76 Acre Norwich Commercial/Retail Site to Buyer KKL LLC, for $315,000. In June of 2023
  • LCJ, LLC and Buyer, Lior Ham in the sale of a 7,776 SF Old Saybrook Retail/Office Building $625,000 in May of 2023
  • Pelle LLC in the sale of a 13, 578 SF Coventry Industrial/Office/Retail Building with Cell Tower to Buyer Elevation Wireless for $3,200,000 in April of 2023
  • 598 West Main Street LLC, in the sale of a .89 Acre Norwich Commercial/Retail Site to Buyer Noble Energy Real Estate Holdings LLC for $450,000 in January of 2023
  • Moove In Partners- Land for Climate Controlled Self Storage $2,000,000 August of 2022
  • High tide Real Estate LLC and Buyer, David A Noe in the sale of a 1,660 SF Old Saybrook Office/Retail Building for $350,000 in May of 2022
  • 5 Wisconsin Avenue LLC and Buyer, Snowball Developments LLC in the sale of a 96,132 SF Norwich Industrial/Warehouse Building for $6,800,000 in February of 2022
  •  Mark Imbesi and Buyer Carpenter Realty Corporation in the sale of a 7,200 SF Bozrah Industrial/Warehouse Building for $479,000 in September of 2021
  •  Jim Wray in the purchase of a 21.48 Acre Waterford Industrial Land Site for $610,000 in July of 2021
  • 362 Post Road LLC in the purchase of a 10,035 SF Westbrook Industrial/Warehouse Building $1,395,000 in June of 2022
  • Design Learned Incorporated in the sale of a 6,455 SF Norwich Mixed Use Building to Buyers Sarah Noiseux & Robert Noiseux $352,000 in April of 2021
  • CCC Haddam LLC, in the sale of a 2.40 Acre Haddam Mult-Fam Site to Buyers ARCONN Realty LLC for $680,000 in April 2021
  • Michael Taylor & F Est LLC and Buyer, 100 East Putnam LLC, in the sale of a 2,581 SF Greenwich Retail/Office Building $5,500,000 in April of 2020
  • Sunford Props & Dev LLC and Buyer, Ganesh Hospitality LLC in the sale of a 16,021 SF Norwich Mixed Use Historical Building $400,000 in May of 2020
  • Steven Lombardi in the sale of a 1.13 Acre Montville Commercial Site to Buyer Yost Holdings LLC for $465,000 in January of 2019
  • General Dynamics $8,000,000. Sale Midway Groton & 300 AC land on the Thames River, Montville. Buyer Mashantucket Pequot Tribe

Notable Clients

  1. Noble Energy
  2. Supreme Industries
  3. Snowball Developments LLC
  4. Jim Wray D.B.A. B&W Paving
  5. Michael Taylor/ T.M. Corp.
  6. Moove in Partners
  7. State Of Connecticut
  8. USDA
  9. Veterans Administration
  10. Social Security Administration
  11. EastConn
  12. General Dynamics
  13. Big Y Super Markets
  14. Mashantucket Pequots/Foxwoods
  15. Mohegan Tribe/Mohegan Sun
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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