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    Property profile & analytics

    3 2nd Ave Taftville, CT 06380-1407

    • Showrooms
    • 23,166 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Location Intelligence
    Property ID
    US15-0815581
    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

    • Nutmeg Pharmacy Taftville / Pharmacy
    • Taftville Overhead Garage Door / Garage Door Supplier
    • Jason Navallil / Pharmacy
    • Photography Studio ReynaJ Photography / Art Studio / Photography Studio
    • Taft Garage Door Service & Repair / Garage Door Supplier

    Property Details for 3 2nd Ave

    Year built
    1895
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    23,166 SF
    Zone code
    GC
    Property type
    Showrooms
    APN
    NORW M:39 B:1 L:5
    APU
    NORWM39B1L5

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $640,000
      6.5%
      $535,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $640,000
      Geo Method
      $600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $640,000
      Mixed-Use
      $530,000
      Hospitality
      $490,000
      Educational
      $525,000
      Residential Income
      $625,000
      Energy
      $570,000
      Income-Based Land
      $540,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Taftville
    County
    New London
    State
    Connecticut
    Longitude
    -72.0488
    Latitude
    41.5701
    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
    $17,598
    $41,900
    $378,600
    $420,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $95,000
      8,527 SF

      37 2nd Ave

      SHOW ROOM, WAREHOUSE • 8,527 SF
      37 2nd Ave, Taftville, CT 06380-1418
      View Details
    • Value Estimation
      $335,000
      6,213 SF

      4 5th Ave

      SHOW ROOM, WAREHOUSE • 6,213 SF
      4 5th Ave, Taftville, CT 06380-1108
      View Details
    • Value Estimation
      $300,000
      3,280 SF

      9 Merchants Ave

      SHOW ROOM, WAREHOUSE • 3,280 SF
      9 Merchants Ave, Taftville, CT 06380-1009
      View Details
    • Value Estimation
      $215,000
      4,408 SF

      338 Norwich Ave

      SHOW ROOM, WAREHOUSE • 4,408 SF
      338 Norwich Ave, Taftville, CT 06380-1254
      View Details
    • Value Estimation
      $165,000
      3,249 SF

      117 Providence St

      SHOW ROOM, WAREHOUSE • 3,249 SF
      117 Providence St, Taftville, CT 06380-1132
      View Details
    • Value Estimation
      $355,000
      21,475 SF

      505 Norwich Ave

      SHOW ROOM, WAREHOUSE • 21,475 SF
      505 Norwich Ave, Taftville, CT 06380-1334
      View Details

    Similar Nearby for Sale

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      Five-unit building with renovated units and separate utilities.
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      Spacious two-family property in Norwich, ideal for investors.
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    • $359,900

      Income-Generating Triplex Near Casinos

      Triplex with newer features, ideal for owner-occupancy and rental income.
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    Similar Nearby for Lease

    • $2,300 /Mo

      Spacious Four-Bedroom Unit For Rent

      Large first-floor unit with in-unit laundry and parking.
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      View Details
    • $2,300 /Mo

      Updated Duplex in Norwich

      Modern 3-bedroom duplex with updated features and convenient location.
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      View Details
    • $1,750 /Mo

      Updated 2-Bedroom Apartment with Heat

      Clean, updated 2-bedroom apartment with included heat and laundry hookups.
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      View Details
    • $1,600 /Mo

      Renovated Townhouse Unit For Rent

      Renovated townhouse unit in central location available for rent.
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      View Details
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    3 2nd Ave
    Taftville, CT 06380-1407
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    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
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