Add Listing
    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

    745 Norwich Road Plainfield, CT 06374

    View on Map
    Claim this Listing
    For Sale
    $525,000

    Commercial Building - Plainfield, CT

    Lot size:
    1.16 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    64
    Last Refresh:
    Apr 18 at 2:06 pm

    Property Features for 745 Norwich Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    1699598
    Lot size
    1.16 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5022

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1941
    Year renovated
    1941
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Androula Kazantzis
    Androula Kazantzis

    Listing agent Androula Kazantzis

    Listing office KAZANTZIS ANDROULA 8C DAY ST, Brooklyn, CT

    Listing date Feb 13, 2026

    MLS# 11654685 Listing URL

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

    Overview

    Commercial Land Redevelopment Opportunity

    This property presents a commercial redevelopment opportunity in a growing town. The site benefits from substantial road frontage and is located directly adjacent to a busy traffic light, offering excellent visibility and exposure. The 1.16-acre lot is situated in Plainfield, Connecticut, which is experiencing significant growth, with multiple new distribution centers establishing operations nearby. The property is located at 745 Norwich Road, Plainfield, CT 06374. The property can be integrated into a larger parcel for expanded development potential. The site is ideally positioned for rezoning to commercial use, making it an excellent investment for businesses seeking high-visibility, easily accessible locations in an emerging commercial hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Windham
    State
    Connecticut
    Longitude
    -71.915297
    Latitude
    41.669992

    Nearby Similar for Sale

    • $520,000
      2,625 SF

      Commercial Opportunity in Plainfield

      Car dealership with potential for 100 cars.
      35 Norwich Road, Plainfield, CT 06374
      View Details
    • $825,000
      8,190 SF

      Commercial Property Near I-395

      8,000+ sq ft commercial property off I-395 in Moosup, CT.
      4-6 Green Hollow Road, Plainfield, CT 06354
      View Details
    • $400,000
      2,850 SF

      Plainfield Commercial Building For Sale

      Commercial building with storefront units, formerly a pizza place.
      57 Wauregan Road, Plainfield, CT 06387
      View Details
    • $279,900

      Commercial Building with Route 12 Frontage

      Commercial building with high visibility and outdoor storage capacity.
      960 Norwich Road, Plainfield, CT 06374
      View Details
    • $465,000
      4,272 SF

      Remastered Two-Family Investment Property

      Turnkey multi-family asset with multiple revenue streams and upside.
      365-367 Putnam Road, Plainfield, CT 06239
      View Details
    • $375,000
      2,673 SF

      Renovated Duplex in Plainfield, CT

      Well-maintained, renovated duplex with long-term tenant and move-in ready unit.
      21-23 Community Avenue, Plainfield, CT 06374
      View Details
    • $2,200,000

      Plainfield Commercial/Industrial Facility For Sale

      15,000 SF commercial/industrial building in Plainfield Industrial Park.
      13 West Parkway, Plainfield, CT 06374
      View Details
    • $9,200,000

      Plainfield Industrial Property with Expansion Potential

      9.6-acre industrial property with expansion potential near I-395.
      55 Lathrop Road Extension, Plainfield, CT 06374
      View Details
    • $319,000
      2,400 SF

      Plainfield Commercial Condo Garages

      Route 12 garages with overhead doors and ample amenities.
      169 Norwich Road, Plainfield, CT 06374
      View Details
    • $1,100,000

      Prime Development Land I-395 Frontage

      22+ acre site ideal for retail, hotel, or industrial.
      36 Plainfield Pike, Plainfield, CT 06374
      View Details
    • $475,000
      1,152 SF

      Plainfield Package Store with Real Estate

      Turnkey package store business with real estate for sale.
      30 Lake Street, Plainfield, CT 06354
      View Details
    • $429,000
      4,007 SF

      Mixed-Use Commercial Building with Apartment

      Versatile commercial space with residential apartment for sale.
      624 Norwich Road, Plainfield, CT 06374
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for redevelopment in growing Plainfield, Connecticut.
    Where is this commercial land located?
    The property is located at 745 Norwich Road Plainfield, CT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime commercial redevelopment opportunity.; Excellent visibility and exposure due to road frontage directly adjacent to a busy traffic light.; Located in a town experiencing significant growth with new distribution centers nearby.
    (860) 208-8331
    We can help!
    Listing Contact
    Androula Kazantzis
    Androula Kazantzis
    Real Estate License ID: REB.0791040
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!