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Property profile & analytics
OFF-MARKET
Estimated value
$7,050,000
Apartment buildings
102 Stonington Rd Norwich, CT 06360-4821
Entity Owned
6-yr Hold
Property ID
US15-0131745
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Construction
STEEL FRAME
Total area
78,364 SF
Lot
4.88 ac (212,642 SF)
Zoning code
GC
APN
NORW M:112 B:1 L:5
UPID
US15-0131745
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
Current use
Occupant on record · Public records
-
Trion Real Estate Management Property Management Company
-
Stonington Estates Apartments Apartment Rental Agency Apartment Building
-
Travel & Enterainment Travel Agency
-
Carpionato Labossiere Properties Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.17M
Blend (final)
Blend
$7.05M
Owner & transaction history
Stonington LLC · 6 yrs held
Stonington LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.8M
+87.6%
Retail stores
$8.7M
+52.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,730,000
Current use
OFFICE BUILDING
$10,750,000
Change: +88% · Conversion: Moderate
RETAIL STORES
$8,730,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,915,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,790,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.05M
Range $6.35M – $7.76M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$219,635
Tax year 2024
Assessed value
$5,749,600
Assessed 2024
Previous assessed
$5,749,600
+0.0% YoY
Effective rate
3.82%
On assessed value
Assessed land
$966,000
Assessed improvement
$4,783,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
71
Total area
78,364 SF
Lot
4.88 ac (212,642 SF)
Zoning code
GC
APN
NORW M:112 B:1 L:5
UPID
US15-0131745
Jurisdiction
NORWICH
Zoning & alternative use
GC · Norwich, CT
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
71
Lot
4.88 ac
Current owner
From public records · entity-resolved
Stonington LLC
Entity
Mailing address
102 STONINGTON RD, NORWICH, CT 06360-4821
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Stonington LLC
102 Stonington LLC
Warranty Deed
related
$7,036,000 · Greystone Svcng Corp
Aug 23, 2016
$6,800,000
102 Stonington LLC
Hpi Stonington LLC
Warranty Deed
$5,100,000 · Oritani Bk
Jan 30, 2012
—
Hpi Stonington LLC
—
Deed Of Trust
related
$4,200,000 · Liberty Bank
Jan 30, 2012
$1
Hpi Stonington LLC
102 Stonington Road Hldgs
Warranty Deed
related
—
May 23, 2011
—
102 Stonington Road Hldg
102 Stonington Road T
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 11, 2006
—
102 Stonington Rd LLC
—
Deed Of Trust
related
$7,100,000 · Merrill Lynch Mortgage Corp
Aug 31, 2005
—
102 Stonington Road LLC
—
Deed Of Trust
related
$1,250,000 · Rbf Assoc LLC
Apr 14, 2004
—
Carpionato Labossiere
—
Deed Of Trust
related
$650,000 · Robert Fishman
Feb 27, 2004
$405,000
Stonington Rd 102
Gonsalves,alfred
Warranty Deed
$260,000 · Savings Institute
Jun 4, 2003
—
Alfred Gonsalves
—
Deed Of Trust
related
$167,000 · Dime Savings Bank Norwich
May 10, 1994
—
Alfred Gonsalves
—
Deed Of Trust
related
$100,000 · Dime Savings Bank Norwich
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.
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