Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    225 Asylum St Norwich, CT 06360

    • Industrial properties
    • 17,766 SF
    • 3.50 lot acres
    OFF-MARKET
    Value Estimation
    $1,375,000
    Last Sale
    Oct 13, 2023
    $1,535,419
    Location Intelligence
    Property ID
    US15-0881254
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 225 Asylum St

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.50 lot acres
    Property size
    17,766 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    NORW M:92 B:1 L:15
    APU
    NORWM92B1L15

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,660,000
      6.5%
      $1,435,000
      7%
      $1,640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,530,000
      Geo Method
      $1,380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,475,000
      Retail
      $1,770,000
      Mixed-Use
      $1,535,000
      Hospitality
      $1,480,000
      Educational
      $1,315,000
      Residential Income
      $1,410,000
      Energy
      $1,320,000
      Income-Based Land
      $1,520,000
      Food Service
      $1,705,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.0897
    Latitude
    41.5294
    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
    $18,503
    $101,500
    $278,900
    $380,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      151,200 SF

      Connecticut Ave

      Distribution properties • 151,200 SF
      0 Connecticut Ave, Norwich, CT 06360
      View Details
    • Value Estimation by Request
      136,074 SF

      100 Winnenden Rd

      INDUSTRIAL (GENERAL) • 136,074 SF
      100 Winnenden Rd, Norwich, CT 06360-1574
      View Details
    • Value Estimation by Request
      213,280 SF

      10 Connecticut Ave

      INDUSTRIAL (GENERAL) • 213,280 SF
      10 Connecticut Ave, Norwich, CT 06360-1502
      View Details
    • Value Estimation
      $140,000
      6.05 Acres

      5th St

      INDUSTRIAL (GENERAL) • 6.05 Acres
      5th St, Norwich, CT 06360
      View Details
    • Value Estimation
      $830,000
      44,602 SF

      31 Clinton Ave

      INDUSTRIAL (GENERAL) • 44,602 SF
      31 Clinton Ave, Norwich, CT 06360-2165
      View Details
    • Value Estimation
      $295,000
      45,721 SF

      15 Stott Ave

      INDUSTRIAL (GENERAL) • 45,721 SF
      15 Stott Ave, Norwich, CT 06360-1507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      151,200 SF

      Norwich Industrial Distribution Center

      151,200 SF Warehouse, 17 Acres, CT
      0 Connecticut Ave, Norwich, CT 06360
      View Details
    • $10,475,000
      95,273 SF

      Norwich Industrial Warehouse For Sale

      95,273 SF industrial warehouse with office space available for sale.
      5 Wisconsin Ave, Norwich, CT 06360
      View Details
    • $45,000

      Versatile Flex Space For Sale

      Flex space with loading dock, customizable for various business needs.
      18 Central Ave, Norwich, CT 06360
      View Details
    • $274,999

      Norwich Industrial Building For Sale

      5374 Sq Ft industrial building with ample parking.
      4 Willow St, Norwich, CT 06360
      View Details
    • $2,990,000

      Norwich Industrial Park Land Parcel

      17.16+ acre parcel suitable for data center, warehouse, office.
      60 Connecticut Ave, Norwich, CT 06360
      View Details
    • $6,900,000
      51,200 SF

      Norwich Self-Storage Facility For Sale

      51,700 SF self-storage facility with 348 units.
      21 Terminal Way, Norwich, CT 06360
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Norwich Warehouse with Tenant Spaces

      Warehouse in growing Norwich market with flexible industrial zoning.
      485 East Main St, Norwich, CT 06360
      View Details
    • $5 SF/Yr
      15,500 SF

      Norwich Flex Warehouse For Lease

      15,500 SF flex warehouse space available for immediate lease.
      50 Pleasant St, Norwich, CT 06360
      View Details
    • $11 SF/Yr
      4,520 SF

      Renovated Retail Space in Downtown

      2,000 SF renovated retail space in up-and-coming downtown Norwich.
      51-53 Broadway, Norwich, CT 06360
      View Details
    • Contact for pricing
      10,000 SF

      Dominant Retail Center in Norwich

      Remodeled retail center anchored by Shop Rite and TJ Maxx.
      624-634 W Main St, Norwich, CT 06360
      View Details
    • $16 SF/Yr
      2,378 SF

      Class A Office Space Available

      Premier office building with flexible floor plans and water views.
      55 Main St, Norwich, CT 06360
      View Details
    • $1,575 /Mo

      Norwich Apartment for Rent

      Apartment for rent in Norwich, Connecticut. $1,575 monthly.
      92 Boswell Ave, Norwich, CT 06360
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    225 Asylum St
    Norwich, CT 06360
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.