Technical
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Property profile

15 Wisconsin Ave Norwich, CT 06360

FOR LEASE
Industrial properties
Property ID
US15-0137272
17,460 SF 5.71 ac lot Built 1983
Entity Owned 20-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • General Contractor

Location

15 Wisconsin Ave Norwich, CT 06360
Norwich metro Census 696200 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$875k
Blend (final) Blend
$450k

Owner & transaction history

since 2005
7 recorded transactions
2005
$935,000
2002
Price N/A
2002
Price N/A
2000
Price N/A
1997
Price N/A
1987
Price N/A
1987
Price N/A

Zoning & alternative use

BP · Norwich, CT
Zoning description

Business Park District BP Chelsea Central District CC General Commercial District GC Industrial Production, Manufacturing, & Research District PMR Neighborhood Commercial District NC Norwich State Hospital District NSD P…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.3M +19.7%
Commercial (general) $1.1M +2.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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