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Property profile & analytics
OFF-MARKET
Estimated value
$5,170,000
Showrooms
224 Salem Tpke Norwich, CT 06360-6455
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US15-0288176
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,384 SF
Lot
13.38 ac (582,833 SF)
Zoning code
PC
APN
NORW M:121 B:2 L:26
UPID
US15-0288176
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
-
Big Y Butcher Food Market Restaurant
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Big Y World Class Market Grocery & Convenience Store Food Market
-
Blue Rhino Propane Supplier
-
Big Y Pharmacy and Wellness Center Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$5.17M
Owner & transaction history
Damour Family Rlty LLC · 21 yrs held
Damour Family Rlty LLC
since 2005
6 recorded transactions
Zoning & alternative use
PC · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.7M
+118.9%
Retail stores
$6.3M
+77.8%
Apartment house (5+ units)
$4.1M
+16.7%
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)
$3,535,000
Current use
OFFICE BUILDING
$7,735,000
Change: +119% · Conversion: Easy
RETAIL STORES
$6,285,000
Change: +78% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,125,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,445,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$5.17M
Range $4.65M – $5.69M · ±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
$92 / 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
$199,403
Tax year 2023
Assessed value
$4,764,700
Assessed 2023
Previous assessed
$4,764,700
+0.0% YoY
Effective rate
4.19%
On assessed value
Assessed land
$1,683,700
Assessed improvement
$3,081,000
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
56,384 SF
Lot
13.38 ac (582,833 SF)
Zoning code
PC
APN
NORW M:121 B:2 L:26
UPID
US15-0288176
Jurisdiction
NORWICH
Zoning & alternative use
PC · Norwich, CT
Zoning PC · permitted uses
PC · 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
$3.5M
OFFICE BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
13.38 ac
Current owner
From public records · entity-resolved
Damour Family Rlty LLC
Entity
Mailing address
2145 ROOSEVELT AVE, SPRINGFIELD, MA 01104-1650
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2005
$7,000,000
Damour Family Rlty LLC
Damour,charles
Warranty Deed
$7,000,000 · Bank Of America
Jun 16, 1995
$2,800,000
Gerald E Damour
Wal Mart Stores INC
Grant Deed
—
Nov 3, 1993
$5,138,780
Wal-mart Stores
Asylum View LP
Grant Deed
—
Oct 29, 1993
$100,000
Asylum View LP
Morris,margaret B Ex
Grant Deed
—
Sep 29, 1993
$175,000
Asylum View LP
Srednicki,john
Warranty Deed
—
Apr 12, 1993
$130,000
Asylum View LP
Yeitz,fred J
Grant Deed
—
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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