Technical
Financial
Distress signals
Property profile

31 Clinton Ave Norwich, CT 06360

OFF-MARKET
Industrial properties
Property ID
US15-0038424
44,602 SF 2.58 ac lot Built 1890
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1890
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 44,602 SF
Lot 2.58 ac (112,385 SF)
Zoning code GC
APN NORW M:58 B:2 L:45
UPID US15-0038424

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Printing Equipment And Supplies
  • Art Gallery
  • Plumbing Service General Contractor
  • Recording Studio
  • Hotel & Motel Vacation Rental

Location

31 Clinton Ave Norwich, CT 06360-2165
Norwich metro Census 696200 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$825k

Owner & transaction history

since 2022
Last sale
$900,000
3 recorded transactions
2022
$900,000
1994
$60,000
1993
$20,000

Zoning & alternative use

GC · Norwich, CT
Zoning description

General Commercial District GC Industrial Production, Manufacturing, & Research District PMR Neighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design District PDD Regional Commer…

General category COMMERCIAL

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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