Financial
Distress signals
Property profile

27 Bank St New London, CT 06320

FOR SALE
Showrooms
Property ID
US15-0094202
11,676 SF 0.08 ac lot Built 1875
Last sale Sep 2016 · $65,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A four-story downtown commercial building with a total of 11,656 square feet of above-grade space and a 2,919 square foot basement. The interior has been gutted and is configured to support a new buildout. City approvals are on file for a mixed-use redevelopment consisting of 9 apartments and 2 commercial spaces. Supporting materials include a 2021 appraisal and architectural renderings. The building is situated to provide visibility along its downtown frontage and is located near the Amtrak station and the planned USCG Museum.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$143k
Assessed land$63k
Assessed improvement$80k
Effective rate3.84%

Value estimate

· Sep 2026
$230k
$207k – $253k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
ZIP average, outlier-cleaned · 112 recorded sales of this use type
Observed band · Q1–Q3$39 – $116

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNEW LONDON

Location intelligence

Which uses thrive at this corner?
Best fit: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair9.5
Tailor Shop9.5
Carpet & Flooring Store9.0

Location

27 Bank St New London, CT 06320
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
179 Colman, New London, CT 06320-3534 $1,450,000 Jan 2026 10,856 SF
139 Shaw, New London, CT 06320-4960 $400,000 Nov 2025 9,120 SF
190 Broad, New London, CT 06320-5367 $950,000 May 2025 5,613 SF
109-111 Bank, New London, CT 06320 $795,000 Mar 2025 7,023 SF
36 Truman, New London, CT 06320-5056 $455,000 Jan 2025 6,480 SF
425 Montauk, New London, CT 06320-4642 $510,000 Oct 2024 5,809 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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