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Property profile & analytics

101 Water St Norwich, CT 06360-5730

  • Showrooms
  • 34,440 SF
  • 0.73 lot acres
OFF-MARKET
Value Estimations
$1,910,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-0405689
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

  • Olivia Whittle / Social Worker
  • Tyler Technologies / Software Company
  • Unify Business Solutions, LLC / Graphic Designer / Promotional Products Supplier
  • Expansive Portable Toilet Rental of Norwich / Portable Toilet Supplier / Waste Management Service
  • Expansive Portable Toilets Norwich / Portable Toilet Supplier

Property Details for 101 Water St

Year built
1986
Construction
STEEL FRAME
Lot size
0.73 lot acres
Property size
34,440 SF
Zone code
CC
Property type
Showrooms
APN
NORW M:102 B:6 L:62
APU
NORWM102B6L62

Description

This three-story, 34,440-square-foot office building at 101 Water Street in Norwich, CT, is available for lease. The property, built in 1986, sits on 0.73 acres and offers a variety of office spaces, including traditional, executive, and medical office suites. The building features 75 parking spaces in an under-building garage with elevator access to all floors. A unique feature is a former bank vault (approximately 4,000 square feet) on the first floor. Many offices boast stunning Thames River views. The building is handicap accessible and conveniently located near I-95 and I-395. The entire building (34,440 square feet) must be leased. The lease rate is $2.00 NNN, with estimated NNN costs of approximately $7.00. The property is zoned CC and includes both finished and unfinished office space. This is a rare opportunity to lease a substantial, well-located commercial building in downtown Norwich.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,771,000
    Market price range: $1.16M - $3.00M
    AI Estimate
    $2,050,000
    Market price range: $1.42M - $3.83M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $2,160,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $2,520,000
    Change: +17% Conversion: Moderate
    INDUSTRIAL (GENERAL)
    $2,105,000
    Change: -2% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Norwich
County
New London
State
Connecticut
Longitude
-72.0782
Latitude
41.5236
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
$85,655
$203,900
$1,557,100
$1,761,000
-
$0.00
$0.00
$0.00
More about this property
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