11 Case St Norwich, CT 06360
Property profile & analytics
11 Case St Norwich, CT 06360
- Showrooms
- 19,055 SF
- 1.83 lot acres
Property ID
US15-1072091
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.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 11 Case St
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.83 lot acres
- Property size
- 19,055 SF
- Zone code
- PC
- Property type
- Showrooms
- APN
- NORW M:59 B:1 L:23
- APU
- NORWM59B1L23
Description
This exceptional 17,922 square foot medical office building, situated on a 1.83-acre lot in Norwich, Connecticut, presents a compelling investment opportunity. The single-story, 1972-built Class C building comprises five suites, currently housing a mix of established medical tenants including Hartford HealthCare Medical Group (9,452 SF), Norwich Internal Medicine Group (3,800 SF), Select Physical Therapy (2,786 SF), and a Psychology Specialist (742 SF). One 1,142 square foot suite is currently available for lease. The property boasts a strong financial profile, with a current NOI of $314,411, a 9.00% cap rate, and a pro-forma cap rate of 9.68%. The asking price is $3,495,000, translating to $195 per square foot. Significant capital improvements have been made, including exterior landscaping, parking lot upgrades, mechanical system enhancements, and a new roof. All tenant suites have undergone recent renovations. The building enjoys a prime location at the I-395 and Route 2 interchange in Norwich, a city known for its rich history and recreational opportunities along the Thames River. The high-traffic area sees an average daily traffic count of 9,800 vehicles on West Town Street, according to the Connecticut Department of Transportation. This property offers a blend of stable income and significant upside potential. The gross lease structure simplifies management.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,555,000
- AI Estimate
- $1,800,000
Market price range: $643k - $1.66MMarket price range: $785k - $2.12M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,195,000 Current use
- OFFICE BUILDING
- $2,615,000 Change: +119% Conversion: Easy
- RETAIL STORES
- $2,125,000 Change: +78% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,395,000 Change: +17% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,165,000 Change: -2% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.1033
- Latitude
- 41.5528
- 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
$64,713
$201,400
$1,344,900
$1,546,300
-
$0.00
$0.00
$0.00
