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Property profile & analytics
OFF-MARKET
Office Spaces
12 Case St B7 Norwich, CT 06360-2222
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US15-0872966
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1972
Construction
CONCRETE
Total area
780 SF
Zoning code
PC
APN
NORW M:59 B:1 L:21 U:2007
UPID
US15-0872966
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
-
David D. Meder, DC Alternative Medicine Practice
-
All Hearts Center for Yoga and Wellness Gym & Fitness Center
-
Phillips II Theodore N Law Firm
-
Recovery Resources LLC Home Health Care Service
-
Psychological Associates Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New England Medical Rlty · 10 yrs held
New England Medical Rlty
since 2015
6 recorded transactions
Zoning & alternative use
PC · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
onal Standards Multifamily dwellings shall be designed and/or converted in accordance with the following dimensional standards: Table 16: Dimensional Standards for Multifamily Dwellings Standard District MF NC / WD GC / PC CC Maximums Height 60 ft 60 /105 ft 90 ft 105 ft Dwellings / Lot Area 1/2500 sf 1/5000 sf 1/5000 sf 1/300 sf Minimums Site Area - - 1 Acr…
Zone name
Planned Commercial
General category
COMMERCIAL
Zone area
764.11 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,888
Tax year 2023
Assessed value
$69,000
Assessed 2023
Previous assessed
$69,000
+0.0% YoY
Effective rate
4.19%
On assessed value
Assessed improvement
$69,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
780 SF
Zoning code
PC
APN
NORW M:59 B:1 L:21 U:2007
UPID
US15-0872966
Jurisdiction
NORWICH
Zoning & alternative use
PC · Norwich, CTZoning PC · permitted uses
PC · Norwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
onal Standards Multifamily dwellings shall be designed and/or converted in accordance with the following dimensional standards: Table 16: Dimensional Standards for Multifamily Dwellings Standard District MF NC / WD GC / PC CC Maximums Height 60 ft 60 /105 ft 90 ft 105 ft Dwellings / Lot Area 1/2500 sf 1/5000 sf 1/5000 sf 1/300 sf Minimums Site Area - - 1 Acre - Distance Between Buildings 30 ft 30 ft 30 ft 0 ft Front Yard 20 ft 25 ft 30 ft
Zone name
Planned Commercial
General category
COMMERCIAL
Zone area
764.11 ac
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Current owner
From public records · entity-resolved
New England Medical Rlty
Individual
Mailing address
12 CASE ST STE #210, NORWICH, CT 06360-2222
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2015
$190,000
New England Medical Rlty
Phillips Michael T
Executors Deed
$228,000 · Eastern Svgs Bk
Nov 20, 2015
—
New England Medical Rlty
Prime Mortgage Group LLC
Warranty Deed
related
—
Jun 20, 2013
—
Prime Mtg Group LLC
Prime Prop Dev LLC
Quit Claim Deed
related
—
Aug 24, 2010
$1
Prime Prop Dev LLC
Bedard,raymond J
Grant Deed
related
—
Jun 2, 2005
$69,900
Raymond Bedard
12 Case Street Rlty
Grant Deed
$55,900 · Dime Savings Bank Norwich
Jan 20, 1998
$55,000
12 Case St. Rlty
Phillips,michael T
Warranty Deed
—
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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