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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Showrooms
2 Courthouse Sq, Norwich, CT 06360-5720
Entity Owned
15-yr Hold
Free & Clear
Property ID
US15-0017247
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,583 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CC
APN
NORW M:102 B:6 L:24
UPID
US15-0017247
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
-
Biz Emerge - Websites, Marketing, Business Consulting Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Dept of Children & Families Adoption Agency State Government Office
-
The Shannon Building Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.68M
Owner & transaction history
Nassi Conn Realty LLC · 15 yrs held
Nassi Conn Realty LLC
since 2010
7 recorded transactions
Zoning & alternative use
CC · 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
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
COMMERCIAL (GENERAL)
$2,730,000
Current use
INDUSTRIAL (GENERAL)
$2,665,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$39 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$75,387
Tax year 2023
Assessed value
$1,549,900
Assessed 2023
Previous assessed
$1,549,900
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$73,100
Assessed improvement
$1,476,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
5
Total area
43,583 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CC
APN
NORW M:102 B:6 L:24
UPID
US15-0017247
Jurisdiction
NORWICH
Zoning & alternative use
CC · Norwich, CT
Zoning CC · permitted uses
CC · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
5
Lot
0.36 ac
Current owner
From public records · entity-resolved
Nassi Conn Realty LLC
Entity
Free & Clear · 15 yrs held
Mailing address
111 OAK ST, HARTFORD, CT 06106-1515
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
—
Nassi Ct Realty LLC
—
Deed
related
$2,200,000 · Peoples United Bank
Jul 3, 2017
—
Nassi Connecticut Realty
—
Deed
related
$704,440 · Daniel Kane
Jul 12, 2010
$831,050
Nassi Conn Realty LLC
Kerin Agency INC
Grant Deed
—
Mar 13, 2000
$2,000,000
Nassi Connecticut LLC
Norwich Equities Corp
Grant Deed
$1,830,000 · Zuckerman Family Nomi
Sep 13, 1989
$4,800,000
Norw Equieties Corp
Norw Sad Soc
Grant Deed
related
—
—
—
Nassi Connecticut Realty
—
Deed Of Trust
related
$300,000 · Brian Reich
—
—
Nassi Connecticut Realty
—
Deed Of Trust
related
$75,000 · Kane Daniel & Susan Tr (pt)
—
—
Nassi Connecticut Realty
—
Deed Of Trust
related
$704,440 · Daniel Kane
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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