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    21 Pawcatuck Ave Pawcatuck, CT 06379-2421
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    Property profile & analytics

    21 Pawcatuck Ave, Pawcatuck, CT 06379-2421

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    • Industrial properties
    • 90,520 SF
    • 5.24 lot acres
    Off-Market
    Property ID
    US15-0748401
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Northeast Marine Liquidation / (Bike/Boat/Book/etc) Store

    Property Details for 21 Pawcatuck Ave

    Year built
    1899
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.24 lot acres
    Zone code
    MC-80
    Property type
    Industrial properties
    APN
    STON M:5 B:5 L:2
    APU
    STONM5B5L2

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2025 — Pawcatuck Riverview LLC — Deed · related $1.7M · Howard M Snyder
    Jun 21, 2024 — Pawcatuck Riverview LLC — Deed · related $779k · Bradley Ferguson
    Apr 11, 2012 — Pawcatuck Riverview LLC — Deed Of Trust · related $340k · Chelseagroton Savings Bank
    Jan 14, 2009 — Pawcatuck Riverview LLC — Deed Of Trust · related $265k · Chelseagroton Savings Bank
    Sep 9, 1998 $125,000 Pawcatuck Riverview Usi Rlty Corp Warranty Deed —
    Jul 14, 1995 $439,125 Usi Rlty Corp Randall,douglas Warranty Deed —
    Jan 22, 1991 — Steven Woods — Deed Of Trust · related $65k · Norwich Savings Society
    Apr 11, 1990 — Steven Woods — Deed Of Trust · related $80k · Norwich Savings Society
    Nov 16, 1989 — Steven Woods — Deed Of Trust · related $55k · Norwich Savings Society
    Nov 7, 1989 $170,000 Peter Sawkas Woods,steven Grant Deed $136k · Commonwealth United Mtg Co
    Feb 23, 1989 — Steven Woods — Deed Of Trust · related $55k · Norwich Savings Society
    Jul 29, 1988 — Steven A Woods — Deed Of Trust · related $60k · Coastal Bank
    Mar 17, 1988 — Steven Woods — Deed Of Trust · related $75k · Coastal Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,272,000
      Market price range: $2.27M - $7.28M
      AI Estimate
      $1,783,000
      Market price range: $1.78M - $7.28M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawcatuck
    County
    New London
    State
    Connecticut
    Longitude
    -71.8406
    Latitude
    41.3617
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,491
    $110,700
    $335,000
    $445,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      16.60 Acres

      100 Mechanic St

      INDUSTRIAL (GENERAL)
      100 Mechanic St, Pawcatuck, CT 06379-2163
      View Details
    • Value Estimation by Request
      11,058 SF

      12 Alice Ct

      INDUSTRIAL (GENERAL)
      12 Alice Ct, Pawcatuck, CT 06379-1384
      View Details
    • Value Estimation
      $525,000
      32.01 Acres

      35 Extrusion Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      35 Extrusion Dr, Pawcatuck, CT 06379
      View Details
    • Value Estimation by Request
      950 SF

      10 Alice Ctb4

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb4, Pawcatuck, CT 06379-1383
      View Details
    • Value Estimation by Request
      8.90 Acres

      82 Mechanic St

      INDUSTRIAL (GENERAL)
      82 Mechanic St, Pawcatuck, CT 06379-2154
      View Details
    • Value Estimation by Request
      2,040 SF

      10 Alice Ctb6

      CONDOMINIUMS (INDUSTRIAL)
      10 Alice Ctb6, Pawcatuck, CT 06379-1383
      View Details

    Similar Nearby for Sale

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      Pending

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      Two-family home with recent upgrades and convenient location.
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      View Details
    • $450,000
      1,378 SF

      Established Restaurant with Patio Seating

      Restaurant building with indoor and outdoor seating, parking, and storage.
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      View Details
    • $1,150,000
      4,481 SF

      Professional Office Building with Parking

      Mint condition office building with parking in prime location.
      118 South Broad St, Stonington, CT 06379
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,300 SF

      Newly Renovated Shared Office Space

      High-exposure, shared office space available for immediate occupancy.
      158 South Broad St, Stonington, CT 06379
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Customizable commercial space with high visibility and flexible lease terms.
      A-158 S Broad St, Pawcatuck, CT 06379
      View Details
    • $800 /Mo

      Renovated Corner Office Space Available

      Private corner office in Pawcatuck with shared amenities for rent.
      158 S Broad St, Stonington, CT 06379
      View Details
    • Contact for pricing

      One Acre Development Parcel

      One acre development parcel available for ground lease.
      472-474 Liberty St, Pawcatuck, CT 06379
      View Details
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    21 Pawcatuck Ave
    Pawcatuck, CT 06379-2421
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    21 Pawcatuck Ave, Pawcatuck, CT, 06379
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