Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Stonington Commercial Opportunity Title is generated by Realmo AI

    82 Norwich Westerly Road, North Stonington, CT 06359

    View on Map
    Claim this Listing
    For Sale
    $400,000

    COMMERCIAL - North Stonington, CT

    Property size:
    4,800 SF
    Lot size:
    1.83 Acres
    Price / SF:
    $83/SF
    Added:
    Apr 6, 2026
    Days on Market:
    51
    Last Refresh:
    May 26 at 1:06 pm

    Property Features for 82 Norwich Westerly Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    EDD
    Bathrooms
    8
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 7, Bathroom 8
    Parking
    40
    Exterior features
    Doors - 10-15 ft,Gutters,Lighting,Pole Sign,Door Sign,Underground Sprinkler
    Standard status
    Active
    Size
    4,800 SF
    Lot size
    1.83 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7573

    Utilities

    Utilities
    Cable Available
    Sewer type
    Shared Septic
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1991
    Floors in Building
    2
    Flooring type
    Vinyl, Carpet - Full

    We can help!

    Listing Contact
    Jeff Brewer

    Listing agent Jeff Brewer

    Listing office Compass Connecticut, LLC 5 Essex Square, Guilford, CT

    Listing date Apr 6, 2026

    MLS# 24164466

    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.

    HighLights

    • Excellent location with quick I‑95 access, near Westerly RI, Stonington CT, RI beaches, and Mystic CT.
    • Flexible North Stonington EDD zoning permits a wide range of uses by right.
    • Main floor 2400sf medical office with 5 exam rooms available for lease.
    • Good on‑site parking.
    • Cannabis (Retail) use is possible with a Special Permit.
    • Close proximity to major employers in the Groton/New London area.

    Overview

    This commercial property is located in a convenient location with quick access to I-95, abutting Westerly, Rhode Island, and Stonington, Connecticut. It is situated close to the Rhode Island beaches, Mystic, Connecticut, and major employers in the Groton/New London area. The property offers good on-site parking. The zoning is EDD, and permitted uses by right include commercial, financial, hospitality, institutional, medical, mixed-use, general office, personal, and retail. Cannabis retail is possible with a special permit. The main floor features a 2400-square-foot medical office with 5 exam rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Department Store Skin Care Clinic

    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
    -71.859257
    Latitude
    41.422366

    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 Road, North Stonington, CT 06359
      View Details
    • $450,000
      4,800 SF

      Commercial Property Near I-95

      Commercial property with flexible zoning and convenient highway access.
      82 Norwich Westerly Road, North Stonington, CT 06359
      View Details
    • $400,000
      4,800 SF

      Versatile Commercial Property Near I-95

      Commercial property with flexible zoning and convenient highway access.
      82 Norwich Westerly Road, North Stonington, CT 06359
      View Details
    • $1,699,000
      2,900 SF

      Established Gas Station For Sale

      Mobil gas station with convenience store on 0.99 acres.
      226 Norwich Westerly Road, 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

    FAQs

    What type of property is this?
    Medical Office Space - Commercial property with flexible zoning and potential uses.
    Where is this medical office space located?
    The property is located at 82 Norwich Westerly Road North Stonington, CT.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Excellent location with quick I‑95 access, near Westerly RI, Stonington CT, RI beaches, and Mystic CT.; Flexible North Stonington EDD zoning permits a wide range of uses by right.; Main floor 2400sf medical office with **5 exam rooms available for lease.**
    (860) 510-9381
    We can help!
    Listing Contact
    Jeff Brewer
    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

    Thank You for Inquiry
    82 Norwich Westerly Road, North Stonington, CT 06359
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!