New search
Property profile & analytics
OFF-MARKET
Residential income homes
1 Watercress Ave Norwich, CT 06360-4368
Individually Owned
5-yr Hold
Property ID
US15-0477268
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1985
Total area
2,304 SF
Lot
0.27 ac (11,761 SF)
Zoning code
MF
APN
NORW M:92 B:2 L:50
UPID
US15-0477268
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Miguel A Delacruz · 5 yrs held
Miguel A Delacruz
since 2021
Last sale
$210,000
4 recorded transactions
Zoning & alternative use
MF · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwich submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,382
Tax year 2023
Assessed value
$90,100
Assessed 2023
Previous assessed
$90,100
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$24,900
Assessed improvement
$65,200
Applied tax rate
386.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1985
Heating
BASEBOARD
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
2,304 SF
Lot
0.27 ac (11,761 SF)
Zoning code
MF
APN
NORW M:92 B:2 L:50
UPID
US15-0477268
Jurisdiction
NORWICH
Zoning & alternative use
MF · Norwich, CT
Zoning MF · permitted uses
MF · Norwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
BASEBOARD
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Miguel A Delacruz
Individual
Mailing address
76 HAWTHORNE ST, WEST HAVEN, CT 06516-6833
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$210,000
Miguel A Delacruz
David Tucker
Warranty Deed
$126,000 · Sprout Mortgage LLC
Dec 29, 2003
$185,000
Donald Tucker
Walker,donald
Warranty Deed
$148,000 · Washington Mutual Bank
Apr 8, 1993
$88,000
Donald C Walker
Botnick,martin
Warranty Deed
$88,580 · Fleet Real Estate Funding Corp
Jun 15, 1987
$165,000
Mark Graves
Waay,walter N
Grant Deed
$126,000 · Norwich Savings Society
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1 Watercress Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
