Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Industrial properties
31 Connecticut Ave Norwich, CT 06360-1554
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US15-1308637
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,358 SF
Lot
3.7 ac (161,172 SF)
Zoning code
BP
APN
NORW M:50 B:1 L:45
UPID
US15-1308637
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
-
New England Glass & Mirror Company Construction Company
-
Viking Supply Co Plumbing Service Building Supply
-
Pro-Forming Sheet Metal LLC Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$960k
Owner & transaction history
31 Connecticut Avenue LLC · 15 yrs held
31 Connecticut Avenue LLC
since 2010
7 recorded transactions
Zoning & alternative use
BP · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10%
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
$27 / 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
$34,137
Tax year 2023
Assessed value
$815,700
Assessed 2023
Previous assessed
$815,700
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$225,300
Assessed improvement
$590,400
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
35,358 SF
Lot
3.7 ac (161,172 SF)
Zoning code
BP
APN
NORW M:50 B:1 L:45
UPID
US15-1308637
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.
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
3.7 ac
Current owner
From public records · entity-resolved
31 Connecticut Avenue LLC
Entity
Mailing address
31 CONNECTICUT AVE, NORWICH, CT 06360-1554
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
31 Ct Ave LLC
—
Deed
related
$1,500,000 · Charter Oak FCU
Dec 13, 2024
—
31 Ct Ave LLC
—
Deed
related
$800,000 · Charter Oak FCU
Feb 1, 2011
—
31 Connecticut Ave LLC
—
Deed Of Trust
related
$134,600 · Peoples Bank
Jul 30, 2010
$840,000
31 Connecticut Avenue LLC
Blinderman Rlty Assoc LLC
Warranty Deed
$672,000 · Peoples Bank
Jul 30, 2010
—
31 Connecticut Avenue LLC
—
Deed Of Trust
related
$100,000 · Peoples Bank
Oct 15, 2002
—
Blinderman Realty A LLC
—
Deed Of Trust
related
$600,000 · Dime Savings Bank Norwich
Jun 11, 1999
—
Neil H Blinderman
—
Deed Of Trust
related
$500,000 · Dime Savings Bank Norwich
Sep 10, 1992
—
Neil H Blinderman
—
Deed Of Trust
related
$4,200,000 · Connecticut National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 31 Connecticut Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
