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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Motels
373 Norwich Westerly Rd North Stonington, CT 06359-1516
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0522210
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Construction
FRAME
Total area
57,278 SF
Lot
5.04 ac (219,542 SF)
Zoning code
C
APN
NSTO M:101 L:4464
UPID
US15-0522210
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.19M
Owner & transaction history
373 Norwich Westerly LLC · 5 yrs held
373 Norwich Westerly LLC
since 2021
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
C · North Stonington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.4M
+143.7%
Retail stores
$4.4M
+141.2%
Warehouse, storage
$2.8M
+54.2%
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 North Stonington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Stonington 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
$3,030,000
ML approach
$3,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,410,000
Change: +144% · Conversion: Difficult
RETAIL STORES
$4,365,000
Change: +141% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,790,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.20M (Jun 23 2021)
Last sale anchor
$3.20M
Jun 23 2021
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
$56 / 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
$58,135
Tax year 2023
Assessed value
$2,005,360
Assessed 2023
Previous assessed
$2,005,360
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$367,780
Assessed improvement
$1,637,580
Applied tax rate
362.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
138
Bathrooms
138
Total area
57,278 SF
Lot
5.04 ac (219,542 SF)
Zoning code
C
APN
NSTO M:101 L:4464
UPID
US15-0522210
Jurisdiction
NORTH STONINGTON
Zoning & alternative use
C · North Stonington, CT
Zoning C · permitted uses
C · North Stonington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Stonington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
138
Bathrooms
138
Lot
5.04 ac
Current owner
From public records · entity-resolved
373 Norwich Westerly LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 360, NORTH STONINGTON, CT 06359-0360
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2021
$3,200,000
373 Norwich Westerly LLC
Hilltop Inn Suites LLC
Warranty Deed
—
Mar 19, 2014
$2,450,000
Hilltop Inn Suites LLC
Esplanade Hilltop LLC
Warranty Deed
$2,200,000 · Republic Bank
Jun 1, 2012
—
Esplanade Hilltop LLC
—
Deed Of Trust
related
$1,000,000 · Alexander Scharf
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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