Mixed-Use Appraisal in Stonington, CT

Mixed-Use property in Stonington

Stonington's mixed-use buildings are mostly in Mystic, Pawcatuck and Stonington Borough, where tourism and waterfront demand support ground-floor retail and restaurants.

14%of our Stonington work is mixed-use property
#4New London County town for our mixed-use work
Partnerinspects every property and signs every report

How we value mixed-use property

Two income streams

Residential and commercial space are analyzed separately, with their own rents, vacancy and risk.

Storefront demand

Ground-floor retail rents and vacancy vary block by block, so we use local evidence.

Building condition

Older mixed-use buildings often carry code, egress and system issues that affect value.

Sale comparables

Mixed-use buildings sell less often than single-use property, so comparable selection takes care.

What to send us

Rent roll for every commercial and residential unit
Commercial leases
Two to three years of operating statements
Real estate tax bill

Learn more about mixed-use appraisals or our work across Stonington.

Mixed-Use appraisals in Stonington: common questions

Do you appraise mixed-use property in Stonington?

Yes. Stonington is one of the towns where we do the most mixed-use work in New London County, and we inspect every property in person.

Can you do an estate or date-of-death appraisal of a mixed-use property in Stonington?

Yes. We prepare retrospective appraisals of mixed-use property in Stonington for executors, estate attorneys and families.

How do you value a building with a store and apartments?

We estimate market rent for each component, build a combined income and expense analysis, and test the result against sales of similar buildings.

What if the storefront is vacant?

We estimate market rent and the time and cost to lease it, and reflect that in the value.

Mixed-Use appraisal in Stonington, CT