Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    616 Norwich Westerly Rd North Stonington, CT 06359

    Sponsored
    For Sale
    $700,000

    LAND - North Stonington, CT

    Lot size:
    8.31 Acres
    Days on Market:
    71
    Last Refresh:
    Feb 3 at 1:06 am

    Property Features for 616 Norwich Westerly Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R80
    Lot size
    8.31 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Well Needed

    We can help!

    Listing Contact
    Jason Pollard

    Randall Realtors (860) 887-1122

    Listing agent Jason Pollard (860) 572-9099

    Listing date Nov 25, 2025

    MLS# 24117717

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    8.31 Acres in North Stonington

    This 8.31-acre parcel in North Stonington is zoned for residential use. The property features approximately 900 feet of frontage on Route 2, as well as frontage on Swantown Hill Road, offering visibility and access. A residential home is currently situated on the property, requiring significant repair or removal, presenting an opportunity for redevelopment. The site is located 6 miles from Foxwoods Resort Casino, benefiting from traffic flow and convenient access to area amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.920161
    Latitude
    41.46789

    Nearby Similar for Sale

    • $1,699,000
      2,900 SF

      Established Gas Station For Sale

      Mobil-branded gas station with convenience store on 0.99 acres.
      226 Norwich Westerly Rd, North Stonington, CT 06359
      View Details
    • $450,000
      4,207 SF

      Commercial Property Near I-95

      Conveniently located commercial property with flexible zoning and ample parking.
      82 Norwich Westerly Rd, North Stonington, CT 06359
      View Details
    • $2,950,000

      Anna Farm Road Agricultural Property

      Agricultural property located on Anna Farm Road in North Stonington.
      55A Anna Farm Rd W, North Stonington, CT 06359
      View Details
    • $400,000
      4,800 SF

      North Stonington Office Building For Sale

      4,800 SF office building available in North Stonington, CT.
      82 Norwich-Westerly Rd, North Stonington, CT
      View Details
    • $400,000
      4,800 SF

      Prime CT Office Building Investment

      4,800 SF Office, Sale/Leaseback
      82 Norwich-Westerly Rd, North Stonington, CT 06359
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with frontage on Route 2 and Swantown Hill.
    Where is this residential land & home lot located?
    The property is located at 616 Norwich Westerly Rd North Stonington, CT.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - 8.31-acre parcel with residential zoning.; - Exceptional visibility with approximately 900 feet of frontage on Route 2 and frontage on Swantown Hill Road.; - Redevelopment opportunity: existing home can be repaired or removed.
    (860) 887-1122
    Request Owner's contact information
    616 Norwich Westerly Rd North Stonington, CT 06359
    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.
    616 Norwich Westerly Rd
    North Stonington, CT 06359
    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
    616 Norwich Westerly Rd North Stonington, CT 06359
    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

    We can help!
    Listing Contact
    Jason Pollard
    (860) 887-1122
    Learn more
    Google sign-in failed. Please try again or use another login method.