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    1 Washington St Norwich, CT 06360

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    For Sale
    $375,000

    Single-tenant NNN lease with 5.5 years remaining.

    Property size:
    4,000 SF
    Lot size:
    0.05 Acres

    Property Features for 1 Washington St

    General Information

    Size
    4,000 SF
    Lot size
    0.05 Acres

    Source: Regions Commercial, LLC Agent Michael Guidicelli, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norwich Office Building For Sale

    This property is a 4,000 square foot office building. It is currently under a single-tenant NNN lease with Companions and Homemakers, Inc., with 5.5 years remaining on the lease.
    Location Intelligence

    Current Use by Public Records

    Companions & Homemakers, Inc. Home Health Care Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.081614
    Latitude
    41.52572

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    FAQs

    What type of property is this?
    Office building - Single-tenant NNN lease with 5.5 years remaining.
    Where is this office building located?
    The property is located at 1 Washington St Norwich, CT.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Single-tenant NNN lease provides a passive income stream.; - Lease term of 5.5 years remaining offers stable, predictable income.; - Tenant is Companions and Homemakers, Inc.
    (860) 371-7103
    Request Owner's contact information
    1 Washington St Norwich, CT 06360
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    Norwich, CT 06360
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    Realmo Value Estimation

    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.

    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.

    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
    1 Washington St Norwich, CT 06360
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