Property profile

1031 Norwich New London Tpke Uncasville, CT 06382

OFF-MARKET
Commercial real estate
Property ID
US15-0383353
6.23 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.23 ac (271,379 SF)
Zoning code C-1
APN MONT M:086 B:013 L:000
UPID US15-0383353

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Sports School

Location

1031 Norwich New London Tpke Uncasville, CT 06382-1600
Uncasville metro Census 870502 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2007
1 recorded transaction
2007
$400,000

Zoning & alternative use

C-1 · Uncasville, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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