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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Industrial properties
29 Stott Ave Norwich, CT 06360-1507
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0565861
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,650 SF
Lot
9.5 ac (413,820 SF)
Zoning code
BP
APN
NORW M:27 B:1 L:8
UPID
US15-0565861
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
-
Norwich Beverage Company Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.76M
Owner & transaction history
Redwood Property Mgmt LLC · 3 yrs held
Redwood Property Mgmt LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
BP · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+82.3%
Apartment house (5+ units)
$1.7M
+19.7%
Commercial (general)
$1.5M
+2.6%
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
$1,615,000
ML approach
$1,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,445,000
Current use
RETAIL STORES
$2,635,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,485,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.76M (Sep 13 2022)
Last sale anchor
$1.76M
Sep 13 2022
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
$74 / 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
$41,339
Tax year 2023
Assessed value
$987,800
Assessed 2023
Previous assessed
$987,800
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$274,800
Assessed improvement
$713,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
23,650 SF
Lot
9.5 ac (413,820 SF)
Zoning code
BP
APN
NORW M:27 B:1 L:8
UPID
US15-0565861
Jurisdiction
NORWICH
Zoning & alternative use
BP · Norwich, CT
Zoning BP · permitted uses
BP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
9.5 ac
Current owner
From public records · entity-resolved
Redwood Property Mgmt LLC
Entity
Mailing address
29 STOTT AVE, NORWICH, CT 06360-1507
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$1,760,000
Redwood Property Mgmt LLC
Norwich Beverage Hldg LLC
Warranty Deed
$3,015,000 · Webster Bank
Oct 24, 2014
$665,000
Beverage Holding Norwich
Sn Real Estate LLC
Warranty Deed
$775,000 · Chelsea Groton Svgs Bk
Nov 1, 2004
$350,000
S N Re LLC
L&s Supply Co LLC
Warranty Deed
—
Jan 28, 2003
$175,000
L & S Supply INC
Sybron Chemicals INC
Warranty Deed
—
Dec 7, 1998
—
Sybron Chemicals INC
—
Deed Of Trust
related
$1,850,000 · Mellon Bank
Jan 10, 1995
$1,025,000
Auralurx Corp
Cox,robert L
Warranty Deed
—
—
—
Norwich Beverage Hldg
—
Deed Of Trust
related
$200,000 · Connecticut St Emps FCU
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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