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    Property profile & analytics

    1031 Norwich New London Tpke Uncasville, CT 06382-1600

    • Commercial real estate
    • 6.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0383353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Integrity Taekwondo / Martial Arts School

    Property Details for 1031 Norwich New London Tpke

    Lot size
    6.23 lot acres
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    MONT M:086 B:013 L:000
    APU
    MONTM086B013L000

    Description

    This exceptional 9,062-square-foot executive office space, situated on a sizable 6.23-acre lot in Montville, Connecticut, presents a unique investment opportunity. Built in 2006, the property boasts a convenient single-tenant occupancy and ample parking with 60 spaces. The building is zoned C-1 Commercial, allowing for a variety of uses including retail, service, office, restaurant, and daycare. The property enjoys a highly visible location on Route 32, benefiting from an average daily traffic count of 11,000 vehicles. Flexible space options are available, ranging from 800 square feet to 2,400 square feet, with rental rates starting at $950 per month plus utilities for the smaller space and $1,900 per month plus utilities for the 1,600 square foot space. Larger spaces up to 2,400 square feet are available with pricing to be determined. The property's address is 1031 Norwich New London Turnpike, Montville, CT 06382, and its APN is 2434811. This property offers significant potential for businesses seeking a prominent location with excellent visibility and ample space in a thriving commercial area within New London County. The entire 9,062 square feet is currently vacant, providing immediate occupancy for a single tenant.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Uncasville
    County
    New London
    State
    Connecticut
    Longitude
    -72.1057
    Latitude
    41.4535
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,707
    $317,030
    $968,800
    $1,285,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      641 Norwich New London Tpke

      Commercial real estate • 1,800 SF
      641 Norwich New London Tpke, Montville, CT 06382
      View Details
    • Value Estimation
      $130,000
      2.17 Acres

      54 Leffingwell Rd

      COMMERCIAL (GENERAL) • 2.17 Acres
      54 Leffingwell Rd, Uncasville, CT 06382
      View Details
    • Value Estimation
      $315,000
      2,526 SF

      4 Ft Shantok Rd

      COMMERCIAL (GENERAL) • 2,526 SF
      4 Ft Shantok Rd, Uncasville, CT 06382-1302
      View Details
    • Value Estimation
      $265,000
      3,060 SF

      212 Gallivan Ln

      SHOW ROOM, WAREHOUSE • 3,060 SF
      212 Gallivan Ln, Uncasville, CT 06382
      View Details
    • Value Estimation
      $185,000
      720 SF

      16-18 Gallivan Ln

      COMMERCIAL (GENERAL) • 720 SF
      16-18 Gallivan Ln, Uncasville, CT 06382
      View Details
    • Value Estimation
      $175,000
      0.92 Acres

      184 Kitemaug Rd

      COMMERCIAL (GENERAL) • 0.92 Acres
      184 Kitemaug Rd, Uncasville, CT 06382-2206
      View Details

    Similar Nearby for Sale

    • $425,000
      628 SF

      Montville Commercial Property - Prime Location

      Established Business, High Traffic, Endless Potential
      1105 Norwich New London Tpke, Montville, CT 06382
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    • $375,000

      Montville Specialty Property For Sale

      Specialty property available for purchase in Montville, Connecticut.
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    • $295,000

      Land For Sale

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    • $289,900

      Land For Sale

      Land available for purchase.
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    • $349,927
      628 SF

      Montville Commercial Property on Route 32

      Highly visible commercial property on 1.3 acres near Mohegan Sun.
      1105 Norwich New London Tpke, Uncasville, CT 06382
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    • $580,000

      Montville Specialty Property For Sale

      Specialty property available for purchase in Montville, Connecticut.
      10 Marcia Dr, Uncasville, CT 06382
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    Similar Nearby for Lease

    • $14 SF/Yr
      10,742 SF

      Prime Route 32 Retail/Office Space

      High-visibility retail space, flexible layouts.
      1031 Norwich-New London Tpke, Montville, CT 06382
      View Details
    • $14 SF/Yr
      10,400 SF

      Montville Office/Retail Space

      Prime Montville location, flexible suites.
      1031 Norwich-New London Tpke, Montville, CT 06382
      View Details
    • $1.00 SF/Yr
      1,530 SF

      Retail Pad Sites Available

      Retail pad sites for lease near major retailers and casino.
      1874 Norwich New London Tpke, Uncasville, CT 06382
      View Details
    • $1,250 /Mo

      Versatile Commercial Building on Route 32

      Commercial building suitable for office, retail, medical, or insurance.
      912 Norwich New London Tpke, Uncasville, CT 06382
      View Details
    • $1,700 /Mo
      1,100 SF

      Prime Retail Space in Montville

      Highly visible retail space in a busy shopping plaza.
      1100 Norwich New London Tpke, Uncasville, CT 06382
      View Details
    • $1,700 /Mo
      1,200 SF

      Retail Space in Active Plaza

      Commercial unit in a high-traffic shopping plaza near Mohegan Sun.
      1100 Norwich New London Tpke, Uncasville, CT 06382
      View Details
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    Uncasville, CT 06382-1600
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    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.

    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
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