Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    70 Providence St Norwich, CT 06380

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,300 /Mo

    Modern 3-bedroom duplex with updated features and convenient location.

    Lot size:
    0.09 Acres

    Property Features for 70 Providence St

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.09 Acres

    Building Details

    Year built
    1875

    We can help!

    Listing Contact
    Victoria Lindsey
    Victoria Lindsey
    Source: Elliman

    Listing Agent: Victoria Lindsey

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

    Learn more

    Property Insight Report

    Overview

    Updated Duplex in Norwich

    This is a fully updated half-duplex located in Norwich, featuring 3 bedrooms and 1.5 baths. The property includes a modern eat-in kitchen, a spacious living room, and a full bath on the lower level. The upper level contains 3 bedrooms and a half bath. The property's location provides convenient access to local shopping, dining, and major roadways. Tenant is responsible for all utilities except water, sewer and routine trash removal, as well as lawn maintenance and snow removal. Washer/Dryer and/or shed use available for an additional fee. Rentspree application process is required, including credit check, background check, landlord references, and income verification. No smoking, No pets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Grocery & Convenience Store Pharmacy Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.0536
    Latitude
    41.5633

    Nearby Similar for Lease

    • $1,200 /Mo
      2,509 SF

      Versatile Commercial Space in Norwich

      Expansive commercial space in Franklin Square, ideal for various businesses.
      321 Main St, Norwich, CT 06360
      View Details
    • $500 /Mo
      695 SF

      Norwich Commercial Space For Lease

      Commercial space for rent in Norwich, approximately 630 SF.
      27 N Main St, Norwich, CT 06360
      View Details
    • $5,200 /Mo
      5,648 SF

      Historic Restaurant/Brewery Space Available

      Equipped restaurant/brewery space with a rich history in Norwich, CT.
      76 Franklin St, Norwich, CT 06360
      View Details
    • $6 SF/Yr
      15,500 SF

      Norwich Flex Warehouse Space

      15,500 SF flex warehouse space available for lease.
      50 Pleasant St, Norwich, CT 06360
      View Details
    • $1,100 /Mo
      1,268 SF

      Voluntown Retail Space For Lease

      Retail space in Village District, Voluntown, available in March.
      16 Church St, Voluntown, CT 06384
      View Details
    • $1,200 /Mo
      500 SF

      Griswold Commercial Office Space

      Commercial office space available in Griswold, CT.
      91 Slater Ave, Griswold, CT 06351
      View Details
    • $1,138 /Mo
      1,365 SF

      Norwich Commercial Space For Rent

      1365 sqft commercial space suitable for office, retail, or medical.
      50 Pleasant St, Norwich, CT 06360
      View Details
    • $22 SF/Yr

      The 539 Mill

      Ideal for Industrial, Cannabis, and Manufacturing Uses
      539 Norwich Ave, Norwich, CT 06380
      View Details
    • $2,000 /Mo
      714 SF

      Waterfront Commercial Space in Norwich

      714 SF commercial space with waterfront exposure and restaurant equipment.
      150 Chelsea Harbor Dr, Norwich, CT 06360
      View Details
    • $14 SF/Yr

      Downtown Norwich Commercial Space

      Prime commercial property in Norwich's Chelsea Central District.
      10 Railroad Ave, Norwich, CT 06360
      View Details

    FAQs

    What type of property is this?
    Duplex - Modern 3-bedroom duplex with updated features and convenient location.
    Where is this duplex located?
    The property is located at 70 Providence St Norwich, CT.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: - Fully updated half-duplex with modern, stylish finishes.; - Features 3 bedrooms and 1.5 modern baths.; - Modern eat-in kitchen and spacious living room.
    (860) 639-4270
    Request Owner's contact information
    70 Providence St Norwich, CT 06380
    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.
    70 Providence St
    Norwich, CT 06380
    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
    70 Providence St Norwich, CT 06380
    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
    Victoria Lindsey
    Victoria Lindsey
    Real Estate License ID: RES.0805223
    (860) 639-4270 (860) 536-9618 (860) 739-6277
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!