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    Property profile & analytics

    324th Norfolk Rd East Canaan, CT 06024-2639

    • Retail space
    • 3,192 SF
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US15-0571761
    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

    • Retail space

    Property Details for 324th Norfolk Rd

    Year built
    1950
    Construction
    FRAME
    Property size
    3,192 SF
    Zone code
    1
    Property type
    Retail space
    APN
    NRCA M:11 L:042-OB
    APU
    NRCAM11L042OB

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $330,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $410,000
      Mixed-Use
      $415,000
      Hospitality
      $395,000
      Educational
      $415,000
      Residential Income
      $340,000
      Energy
      $375,000
      Income-Based Land
      $325,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    East Canaan
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.2634
    Latitude
    42.0094
    CBSA code
    45860
    CBSA name
    TORRINGTON, CT MICROPOLITAN 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
    2024
    $2,890
    $0.00
    $116,760
    $116,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      4,542 SF

      369 Norfolk Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,542 SF
      369 Norfolk Rd, East Canaan, CT 06024-2608
      View Details
    • Value Estimation
      $470,000
      4,800 SF

      235th E Canaan Rd

      PARKING GARAGE, PARKING STRUCTURE • 4,800 SF
      235th E Canaan Rd, East Canaan, CT 06024-2603
      View Details
    • Value Estimation
      $210,000
      2,747 SF

      49 Old Tpke S Rd

      PARKING GARAGE, PARKING STRUCTURE • 2,747 SF
      49 Old Tpke S Rd, East Canaan, CT 06024-2628
      View Details
    • Value Estimation
      $345,000
      3,116 SF

      226 Canaan Rd, Unit 228

      OFFICE/RESIDENTIAL (MIXED USE) • 3,116 SF
      226 Canaan Rd, East Canaan, CT 06024-2604
      View Details
    • Value Estimation by Request
      3,272 SF

      324 Norfolk Rd

      COMMERCIAL (GENERAL) • 3,272 SF
      324 Norfolk Rd, East Canaan, CT 06024-2631
      View Details
    • Value Estimation
      $335,000
      4,576 SF

      235 Canaan Rd

      COMMERCIAL (GENERAL) • 4,576 SF
      235 Canaan Rd, East Canaan, CT 06024-2603
      View Details
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    324th Norfolk Rd
    East Canaan, CT 06024-2639
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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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