Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1221 Norwich Rd Plainfield, CT 06374-1928
    Back to Search
    Property profile & analytics

    1221 Norwich Rd, Plainfield, CT 06374-1928

    View on Map
    • Industrial properties
    • 9,040 SF
    • 11.42 lot acres
    Off-Market
    Last Sale Apr 30, 2024
    Property ID
    US15-1137354
    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.
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • K & H Equipment Sales Rental Service / Construction Company
    • Joey Guns, LLC / Gun Shop

    Property Details for 1221 Norwich Rd

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    11.42 lot acres
    Zone code
    CI
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    PLAI M:005 B:0004 L:042A
    APU
    PLAIM005B0004L042A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2024 — Sangermano Prop LLC Sangermano Prop LLC Quit Claim Deed · related —
    Oct 18, 2021 — Sangermano Properties LLC — Deed · related $1M · Jewett City Savings Bank
    Oct 9, 2018 — Sangermano Properties K&h Construction LLC Quit Claim Deed · related $863k · Jewett City Svgs Bk
    Apr 20, 2016 — K & H Construction LLC Cyr Construction LLC Warranty Deed —
    Feb 11, 2015 $70,000 Cyr Construction INC Doyon Denise Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $635,000
      Market price range: $498k - $1.02M
      AI Estimate
      $744,000
      Market price range: $422k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $735,000
      Current use
      RETAIL STORES
      $915,000
      Change: +24% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $790,000
      Change: +7% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $645,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Windham
    State
    Connecticut
    Longitude
    -71.9443
    Latitude
    41.6447
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-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
    $14,923
    $386,810
    $284,810
    $671,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.84 Acres

      40 Cemetery Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      40 Cemetery Rd, Plainfield, CT 06374-1603
      View Details
    • Value Estimation by Request
      576 SF

      388 Norwich Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      388 Norwich Rd, Plainfield, CT 06374-1624
      View Details
    • Value Estimation by Request
      17,442 SF

      230 Norwich Rd

      Schools
      230 Norwich Rd, Plainfield, CT 06374
      View Details
    • Value Estimation by Request

      174 All Hallows Rd

      INDUSTRIAL (GENERAL)
      174 All Hallows Rd, Plainfield, CT 06374
      View Details
    • Value Estimation by Request
      5.60 Acres

      46 Lathrop Rd

      INDUSTRIAL (GENERAL)
      46 Lathrop Rd, Plainfield, CT 06374-2013
      View Details
    • Value Estimation by Request
      104.60 Acres

      Grn Holw Rd

      INDUSTRIAL (GENERAL)
      Grn Holw Rd, Plainfield, CT 06374
      View Details

    Similar Nearby for Sale

    • $429,000
      4,007 SF

      Mixed-Use Commercial Building with Apartment

      Versatile commercial space with residential apartment for sale.
      624 Norwich Rd, Plainfield, CT 06374
      View Details
    • $339,000
      2,400 SF

      Route 12 Garage Units

      Garage units with overhead doors and essential utilities.
      169 Norwich Rd, Plainfield, CT 06374
      View Details
    • $2,200,000
      15,000 SF

      Plainfield Commercial/Industrial Facility For Sale

      15,000 SF commercial/industrial building in Plainfield Industrial Park.
      13 West Pkwy, Plainfield, CT 06374
      View Details
    • Contact for pricing
      2,400 SF

      Plainfield Flex Space For Sale

      2400 SF flex space with overhead doors and ample power.
      169 Norwich Rd, Plainfield, CT 06374
      View Details
    • $309,000
      2,400 SF

      Plainfield Commercial Condo Garages

      Commercial condo garages with ample space and convenient highway access.
      169 Norwich Rd, Plainfield, CT 06374
      View Details
    • Contact for pricing
      92,783 SF

      13 West Parkway, Plainfield, CT 06374

      Flex space
      13 West Pkwy, Plainfield, CT 06374
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Versatile Industrial Building in Plainfield

      15,000 SF commercial/industrial building with flexible layout options for lease.
      13 West Pkwy, Plainfield, CT 06374
      View Details
    • Contact for pricing

      Plainfield Industrial Park Flex Space

      15,000 SF commercial/industrial facility in Plainfield Industrial Park.
      13 West Pkwy, Plainfield, CT 06374
      View Details
    • $12 SF/Yr
      15,000 SF

      Versatile Industrial Facility in Plainfield

      15,000 SF flex space ideal for manufacturing and distribution.
      13 West Pkwy, Plainfield, CT 06374
      View Details
    • $5 SF/Yr
      210,000 SF

      Plainfield Industrial Space Available

      Industrial space for lease with convenient highway access.
      70 Community Ave, Plainfield, CT 06374
      View Details
    • Contact for pricing

      Plainfield Industrial Park Warehouse Space

      7,500 SF warehouse space in Plainfield Industrial Park.
      13 West Pkwy, Plainfield, CT 06374
      View Details
    • $8 SF/Yr
      42,000 SF

      Industrial Space for Lease

      42,000 SF industrial/commercial space suitable for distribution, manufacturing, warehousing.
      55 Lathrop Road Ext, Plainfield, CT 06374
      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.
    1221 Norwich Rd
    Plainfield, CT 06374-1928
    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

    Thank You for Inquiry
    1221 Norwich Rd, Plainfield, CT, 06374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!