Technical
Financial
Distress signals
Property profile

225 Asylum St Norwich, CT 06360

OFF-MARKET
Industrial properties
Property ID
US15-0881254
17,766 SF 3.5 ac lot Built 1958
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,766 SF
Lot 3.5 ac (152,460 SF)
Zoning code I
APN NORW M:92 B:1 L:15
UPID US15-0881254

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

225 Asylum St Norwich, CT 06360
Norwich metro Census 696701 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2023
Last sale
$1.5M
3 recorded transactions
2023
$1.5M
2023
Price N/A
2004
$220,000

Zoning & alternative use

I · Norwich, CT
Top alternative use upside
Retail stores $2.0M +82.3%
Apartment house (5+ units) $1.3M +19.7%
Commercial (general) $1.1M +2.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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