Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1130 Voluntown Rd Griswold, CT 06351

    • Showrooms
    • 6,882 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1164855
    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

    • Primerica / Insurance Agency
    • Griliquors Package Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Blossom Nails, LLC / Nail Salon
    • The Rustic Sunflower Gifts & Decor / Home Decor Store / Department Store
    • Break'n Bread Sandwich Shoppe / Take-out & Catering

    Property Details for 1130 Voluntown Rd

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.69 lot acres
    Property size
    6,882 SF
    Zone code
    C-2
    Property type
    Showrooms
    APN
    GRIS M:59 B:107 L:19
    APU
    GRISM59B107L19

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.9129
    Latitude
    41.5833
    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
    $7,127
    $57,470
    $226,800
    $284,270
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,900,000
      115,363 SF

      142 Riv Rd

      SHOW ROOM, WAREHOUSE • 115,363 SF
      142 Riv Rd, Lisbon, CT 06351-3249
      View Details
    • Value Estimation by Request
      480 SF

      28 Nowakowski Rd

      SHOW ROOM, WAREHOUSE • 480 SF
      28 Nowakowski Rd, Griswold, CT 06351-1300
      View Details
    • Value Estimation by Request
      2,250 SF

      1439 Voluntown Rd

      SHOW ROOM, WAREHOUSE • 2,250 SF
      1439 Voluntown Rd, Griswold, CT 06351-1627
      View Details
    • Value Estimation by Request
      4,734 SF

      7 School St

      SHOW ROOM, WAREHOUSE • 4,734 SF
      7 School St, Griswold, CT 06351-2334
      View Details
    • Value Estimation by Request
      1,684 SF

      1 Slater Ave

      SHOW ROOM, WAREHOUSE • 1,684 SF
      1 Slater Ave, Griswold, CT 06351-2423
      View Details
    • Value Estimation by Request
      8,550 SF

      79 Wilson St

      SHOW ROOM, WAREHOUSE • 8,550 SF
      79 Wilson St, Griswold, CT 06351
      View Details

    Similar Nearby for Sale

    • $500,000
      4,660 SF

      Mixed-Use Property with Income Potential

      Commercial space with residential apartment, ideal for diverse business ventures.
      167-169 Slater Ave, Griswold, CT 06351
      View Details
    • $495,000

      Voluntown Development Land For Sale

      18+/- acre development land with road frontage in Voluntown.
      47 N Shore Rd, Voluntown, CT 06351
      View Details
    • New
      $425,000
      Pending

      Griswold Commercial Land with Ranch

      15.6-acre property with C1 zoning and business potential.
      576 Voluntown Rd, Griswold, CT 06351
      View Details
    • New
      $2,130,000
      Pending

      Multifamily Portfolio in Griswold, CT

      Portfolio of five multifamily properties for sale in Connecticut.
      12 Property Portfolio St, Griswold, CT 06351
      View Details
    • $3,000,000
      202,000 SF

      Industrial/Mfg & Warehouse Buildings

      202,000+ SF industrial and warehouse space on 16.48 acres.
      77 Anthony St, Jewett City, CT 06351
      View Details
    • $135,000

      Updated Mobile Home Near Pond

      Updated 55+ mobile home community near Doaneville Pond.
      80 Sheldon Rd, Griswold, CT 06351
      View Details

    Similar Nearby for Lease

    • $1,350 /Mo
      1,000 SF

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail, restaurant, or office use.
      74 North Main St, Griswold, CT 06351
      View Details
    • Contact for pricing
      2,600 SF

      Norwich Retail Space Available

      2600 sq ft retail space for rent.
      85 Main St, Norwich, CT 06351
      View Details
    • $3,000 /Mo
      4,660 SF

      Versatile Commercial Space on Route 138

      Partially renovated 3400 sq. ft. commercial space for rent.
      167 Slater Ave, Griswold, CT 06351
      View Details
    • $1,200 /Mo
      500 SF

      Griswold Commercial Office Space

      Commercial office space available in Griswold, CT.
      91 Slater Ave, Griswold, CT 06351
      View Details
    • $1,700 /Mo

      Residential Income Property For Rent

      Residential income property available for rent in Griswold, CT.
      19 Hawkins St, Griswold, CT 06351
      View Details
    • $1,200 /Mo
      500 SF

      Griswold Office Space For Rent

      Office space with parking near casinos and highway.
      91 Slater Ave, Griswold, CT 06351
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1130 Voluntown Rd
    Griswold, CT 06351
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!