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Property profile & analytics
FOR SALE
Apartment buildings
202 Broadway Norwich, CT 06360
Individually Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0423367
For Sale
1 / 28
$895,000
202 Broadway, Norwich, CT 06360
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1843
Construction
FRAME
Total area
3,861 SF
Lot
0.76 ac (33,106 SF)
Zoning code
MF
APN
NORW M:93 B:1 L:19
UPID
US15-0423367
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
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
Chelsea Groton Sb · 33 yrs held
Chelsea Groton Sb
since 1992
4 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,100
Tax year 2024
Assessed value
$264,400
Assessed 2024
Previous assessed
$264,400
+0.0% YoY
Effective rate
3.82%
On assessed value
Assessed land
$40,900
Assessed improvement
$223,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1843
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
7
Rooms
21
Total area
3,861 SF
Lot
0.76 ac (33,106 SF)
Zoning code
MF
APN
NORW M:93 B:1 L:19
UPID
US15-0423367
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
1843
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
7
Rooms
21
Lot
0.76 ac
Current owner
From public records · entity-resolved
Chelsea Groton Sb
Individual
Free & Clear · 33 yrs held
Mailing address
9 LYME ST UNIT #4, OLD LYME, CT 06371-2342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Broadway INC
—
Deed
related
$35,000 · Norwich, City Of
Dec 23, 1996
—
Broadway INC
—
Deed Of Trust
related
$7,000 · Misc Other
Dec 31, 1992
$215,000
Chelsea Groton Sb
Broadway I LP
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Feb 14, 1989
—
Broadway L Ltd
—
Deed Of Trust
related
$21,500 · Chelseagroton Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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