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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Showrooms
450 Thames St, Norwich, CT 06360-7141
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0240928
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,360 SF
Lot
5.2 ac (226,512 SF)
Zoning code
GC/R20
APN
NORW M:124 B:2 L:26
UPID
US15-0240928
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
-
Girard Ford Collision Auto Repair Shop
-
Girard Ford Parts Auto Parts Store
-
Girard Ford Car Dealership Auto Repair Shop
-
Girard Ford Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.01M
Owner & transaction history
Connecticut St Of · 6 yrs held
Connecticut St Of
since 2020
Last sale
$500
7 recorded transactions
Zoning & alternative use
GC/R20 · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+16.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,155,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,515,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,100,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $500 (Apr 8 2020)
Last sale anchor
$500
Apr 8 2020
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
$58 / 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
$77,217
Tax year 2023
Assessed value
$1,845,100
Assessed 2023
Previous assessed
$1,845,100
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$585,500
Assessed improvement
$1,259,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
34,360 SF
Lot
5.2 ac (226,512 SF)
Zoning code
GC/R20
APN
NORW M:124 B:2 L:26
UPID
US15-0240928
Jurisdiction
NORWICH
Zoning & alternative use
GC/R20 · Norwich, CT
Zoning GC/R20 · permitted uses
GC/R20 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Connecticut St Of
Individual
Mailing address
425 GOLD STAR HWY, GROTON, CT 06340-6265
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
J&c Colchester Rlty LLC
—
Deed
related
$2,080,000 · Leo Antonino Ret
Apr 8, 2020
$500
Connecticut St Of
J & C Colchester Realty LLC
Warranty Deed
—
Sep 10, 2007
$1
Norwich City Of
Connecticut State Of
Grant Deed
related
—
May 4, 2007
$3,450,000
J&c Colchester Realty LLC
450 West Thames St LLC
Warranty Deed
$3,750,000 · Zwi Kohorn
May 4, 2007
$300,000
J&c Colchester Realty LLC
450 West Thames St LLC
Warranty Deed
—
Apr 10, 2007
—
450 W Thames St LLC
—
Deed Of Trust
related
$100,000 · Savings Institute
Nov 17, 2006
—
450 West Thames St LLC
—
Deed Of Trust
related
$1,100,000 · Savings Institute
Feb 7, 2006
—
450 W Thames Street LLC
—
Deed Of Trust
related
$569,000 · Savings Institute
Jan 28, 2005
—
W Thames Street 450
—
Deed Of Trust
related
$2,800,000 · Savings Institute
Jan 26, 2005
$210,000
450 W Thames Street LLC
Norwich City Of
Warranty Deed
—
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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