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Property profile & analytics
FOR LEASE
Industrial properties
5 Wisconsin Ave Norwich, CT 06360
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-1320010
For Lease
1 / 5
$8.25 SF/Yr
5 Wisconsin Ave, Norwich, CT 06360
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
96,654 SF
Lot
5.5 ac (239,580 SF)
Zoning code
BP
APN
NORW M:42 B:1 L:22
UPID
US15-1320010
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
-
S&S Worldwide Distribution Center Logistics Company
-
Nutron Manufacturing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$6.72M
Owner & transaction history
5 Wisconsin Owner LP · 4 yrs held
5 Wisconsin Owner LP
since 2022
Last sale
$6.8M
2 recorded transactions
Zoning & alternative use
BP · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.8M
+82.3%
Apartment house (5+ units)
$7.1M
+19.7%
Commercial (general)
$6.1M
+2.6%
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
$6,230,000
ML approach
$6,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,910,000
Current use
RETAIL STORES
$10,770,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,070,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,060,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$6.72M
Range $6.05M – $7.39M · ±10% · vs last sale $6.80M (Feb 28 2022)
Last sale anchor
$6.80M
Feb 28 2022
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
$70 / 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
$89,810
Tax year 2023
Assessed value
$2,146,000
Assessed 2023
Previous assessed
$2,146,000
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$434,700
Assessed improvement
$1,711,300
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
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
96,654 SF
Lot
5.5 ac (239,580 SF)
Zoning code
BP
APN
NORW M:42 B:1 L:22
UPID
US15-1320010
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
RETAIL STORES
Est. value
$10.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
5.5 ac
Current owner
From public records · entity-resolved
5 Wisconsin Owner LP
Entity
Mailing address
5 WISCONSIN AVE APT 3A, NORWICH, CT 06360-1515
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$6,800,000
5 Wisconsin Owner LP
5 Wisconsin Avenue LLC
Warranty Deed
$5,100,000 · Readycap Com LLC
Sep 14, 1998
$775,000
Joseph L Feinberg
Sontheimer,shirley M
Warranty Deed
$950,000 · Fleet Mortgage Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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