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Property profile & analytics

505-507 New London Tpke Norwich, CT 06360

  • Showrooms
  • 2,542 SF
  • 0.39 lot acres
Value Estimation
$290,000
Location Intelligence
Property ID
US15-0391106
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

  • Showrooms

Property Details for 505-507 New London Tpke

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.39 lot acres
Property size
2,542 SF
Zone code
GC
Property type
Showrooms
APN
NORW M:116 B:1 L:80
APU
NORWM116B1L80

Description

This exceptional 1.42-acre commercial land parcel presents a unique investment opportunity in Norwich, Connecticut. Located at 505-507 New London Turnpike, this property is zoned GC, offering significant development potential for a variety of commercial uses. The single-tenant designation provides flexibility for future development plans, allowing for tailored construction to meet specific business needs. The expansive lot size provides ample space for building construction, ample parking, and potential landscaping. Its strategic location on New London Turnpike ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving community. The property's address is 505-507 New London Turnpike, Norwich, CT 06360. Given its size, zoning, and location, this land parcel represents a rare chance to acquire a highly desirable commercial property in a growing market. The property is ready for immediate development, offering a streamlined path to realizing your commercial vision. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. This is a blank canvas for your next commercial venture. The latitude and longitude coordinates are 41.514205 and -72.1048294 respectively.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $310,000
    6.5%
    $360,000
    7%
    $320,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $305,000
    Geo Method
    $365,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $415,000
    Retail
    $420,000
    Mixed-Use
    $325,000
    Hospitality
    $325,000
    Educational
    $395,000
    Residential Income
    $375,000
    Energy
    $410,000
    Income-Based Land
    $400,000
    Food Service
    $365,000

Location Insight

  • Map
  • Local Demand
City
Norwich
County
New London
State
Connecticut
Longitude
-72.1049
Latitude
41.5142
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
$10,341
$135,000
$112,100
$247,100
-
$0.00
$0.00
$0.00
More about this property
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