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Property profile & analytics
OFF-MARKET
Office Spaces
12 Case St C7 Norwich, CT 06360-2222
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US15-0999428
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1972
Construction
CONCRETE
Total area
789 SF
Zoning code
PC
APN
NORW M:59 B:1 L:21 U:3007
UPID
US15-0999428
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
Armac LLC · 17 yrs held
Armac LLC
since 2009
4 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
$2,775
Tax year 2023
Assessed value
$66,300
Assessed 2023
Previous assessed
$66,300
+0.0% YoY
Effective rate
4.19%
On assessed value
Assessed improvement
$66,300
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
3
Units
1
Total area
789 SF
Zoning code
PC
APN
NORW M:59 B:1 L:21 U:3007
UPID
US15-0999428
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
3
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Armac LLC
Entity
Mailing address
12 CASE ST STE #312, NORWICH, CT 06360-2222
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2009
$175,000
Armac LLC
John Schultz
Warranty Deed
$135,000 · Dime Svgs Bk Ofnorwch
Jun 30, 1994
$69,000
John F Schultz Md
Lapere,joseph L
Warranty Deed
$51,750 · Eastern Savings & Loan Assn
Jun 30, 1994
—
John F Schultz Md
—
Deed Of Trust
related
$8,625 · Zenon Grzybowski
Mar 2, 1987
$52,500
Joseph L Lapere
Albola,jorge C
Grant Deed
$48,000 · Eastern Savings & Loan Assn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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