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Property profile & analytics
OFF-MARKET
Residential income homes
187 Laurel Hl Ave Norwich, CT 06360-6356
Entity Owned
2-yr Hold
Property ID
US15-1340219
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1880
Total area
3,037 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MF
APN
NORW M:110 B:2 L:26
UPID
US15-1340219
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
-
NextSol USA Advertising Agency Marketing & Advertising
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
9th Floor Benedum LLC · 2 yrs held
9th Floor Benedum LLC
since 2024
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
MF · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,314
Tax year 2023
Assessed value
$88,700
Assessed 2023
Previous assessed
$88,700
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$17,100
Assessed improvement
$71,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1880
Heating
BASEBOARD
Buildings
1
Stories
3
Units
4
Rooms
10
Bathrooms
4
Total area
3,037 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MF
APN
NORW M:110 B:2 L:26
UPID
US15-1340219
Jurisdiction
NORWICH
Zoning & alternative use
MF · Norwich, CT
Zoning MF · permitted uses
MF · 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.
Building & site characteristics
From public records
Year built
1880
Heating
BASEBOARD
Stories
3
Buildings
1
Units
4
Rooms
10
Bathrooms
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
9th Floor Benedum LLC
Entity
Mailing address
49 SUNSET AVE, NIANTIC, CT 06357-3314
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2024
—
9th Floor Benedum LLC
Keith S Turner
Quit Claim Deed
related
—
Jul 20, 2023
$315,000
Keith S Turner
Justin M Burrows
Warranty Deed
$236,250 · Chelsea Groton Bank
Mar 31, 2011
—
Kathrani Pradip
—
Deed Of Trust
related
$121,990 · Bank Of America
Feb 10, 2010
$1
Pradip Kathrani
USA Hud
Grant Deed
—
Oct 14, 2009
$1
USA Hud
Chase Home Finance LLC
Warranty Deed
—
Jan 15, 2009
—
Chase Home Finance LLC
Lauture,marie
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 1, 2004
$265,000
Marie Lauture
Valerio,regino
Warranty Deed
$262,922 · Chase Manhattan Mortgage Corp
May 1, 2003
$90,000
Regino Valerio
Smullen,donald
Warranty Deed
$131,050 · Wells Fargo Mortgage
Sep 7, 1999
—
Donald G Smullen
—
Deed Of Trust
related
$77,600 · Family Funding Corp
Apr 25, 1997
$77,000
Donald G Smullen
Petrowsky Enterprises
Warranty Deed
$57,750 · Zenon Grzybowski
Apr 25, 1997
—
Donald G Smullen
—
Deed Of Trust
related
$16,250 · Zenon Grzybowski
Aug 13, 1996
—
Northeast Capital Fund
—
Deed Of Trust
related
$50,000 · Kenneth Schmier
Aug 13, 1996
$50,000
Northeast Capital Fund
Soloman,shelia
Warranty Deed
related
—
Sep 18, 1987
—
Bernard E Jacques
—
Deed Of Trust
related
$140,000 · Zwi Kohorn
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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