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Property profile & analytics
FOR LEASE
Industrial properties
15 Wisconsin Ave Norwich, CT 06360
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US15-0137272
For Lease
1 / 40
$12 SF/Yr
15 Wisconsin Ave, Norwich, CT 06360
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Property summary
AI-generated overview
This exceptional 18,600-square-foot industrial property, situated on a 5.71-acre lot in Norwich, Connecticut, presents a unique opportunity for businesses seeking flexible space options. The single-story building, constructed in 1983, offers a variety of configurations to suit diverse needs. Currently, there are multiple tenants, with 3,000 square feet of immediately available space. Additional space is available with 30 days' notice, totaling an additional 16,500 square feet (12,500 square feet of office and 4,000 square feet of warehouse space). The property is zoned BP and boasts a range of features including a newly installed HVAC system, a recently replaced roof, and a state-of-the-art fire suppression system with sprinklers and heat detectors directly connected to the local fire station. Two wells provide ample water supply
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
17,460 SF
Lot
5.71 ac (248,728 SF)
Zoning code
BP
APN
NORW M:34 B:1 L:20
UPID
US15-0137272
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
-
Matrix NAC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$910k
Owner & transaction history
Lombardi Properties Ll · 20 yrs held
Lombardi Properties Ll
since 2005
7 recorded transactions
Zoning & alternative use
BP · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+19.7%
Commercial (general)
$1.1M
+2.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,065,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,275,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,723
Tax year 2024
Assessed value
$683,400
Assessed 2024
Previous assessed
$663,600
+3.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$190,600
Assessed improvement
$492,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
17,460 SF
Lot
5.71 ac (248,728 SF)
Zoning code
BP
APN
NORW M:34 B:1 L:20
UPID
US15-0137272
Jurisdiction
NORWICH
Zoning & alternative use
BP · Norwich, CT
Zoning BP · permitted uses
BP · Norwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwich. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
5.71 ac
Current owner
From public records · entity-resolved
Lombardi Properties Ll
Entity
Mailing address
65 ENSIGN DR, MYSTIC, CT 06355-1530
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2005
$935,000
Lombardi Properties Ll
Fpb Rlty LLC
Warranty Deed
$740,000 · Dime Svgs Bk Ofnorwch
Apr 24, 2002
—
Fpb Funding LLC
—
Deed Of Trust
related
$1,300,000 · Dime Savings Bank Norwich
Apr 12, 2002
—
Fpb Funding LLC
Becker,steven A
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 20, 2000
—
Steven A Becker
—
Deed Of Trust
related
$370,000 · Peoples Bank
May 16, 1997
—
Steven A Becker
—
Deed Of Trust
related
$700,000 · Norwich Savings Society
Dec 17, 1987
—
Steven A Becker
—
Deed Of Trust
related
$1,100,000 · Norwich Svgs Soc
Oct 15, 1987
—
Steven A Becker
—
Deed Of Trust
related
$78,000 · Norwich Svgs Soc
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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