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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Showrooms
500 Norwich Ave Taftville, CT 06380-1335
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US15-0903969
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Construction
FRAME
Total area
9,000 SF
Lot
1.31 ac (57,064 SF)
Zoning code
GC/R20
APN
NORW M:47 B:4 L:32
UPID
US15-0903969
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
-
China Moon Restaurant
-
Smoke x City (Bike/Boat/Book/etc) Store
-
Taftville Pizza Restaurant
-
Create Art Studio
-
Kirby Service & Supply Center Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$625k
Owner & transaction history
Wl Investments LLC · 14 yrs held
Wl Investments LLC
since 2011
6 recorded transactions
Zoning & alternative use
GC/R20 · Taftville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+34.9%
Apartment house (5+ units)
$765,000
+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 Taftville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taftville 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)
$745,000
Current use
RETAIL STORES
$1,005,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$69 / 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
$18,703
Tax year 2023
Assessed value
$446,900
Assessed 2023
Previous assessed
$446,900
+0.0% YoY
Effective rate
4.19%
On assessed value
Assessed land
$81,900
Assessed improvement
$365,000
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
1990
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
8
Bathrooms
6
Total area
9,000 SF
Lot
1.31 ac (57,064 SF)
Zoning code
GC/R20
APN
NORW M:47 B:4 L:32
UPID
US15-0903969
Jurisdiction
NORWICH
Zoning & alternative use
GC/R20 · Taftville, CTZoning GC/R20 · permitted uses
GC/R20 · Taftville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$745,000
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1990
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
8
Bathrooms
6
Lot
1.31 ac
Current owner
From public records · entity-resolved
Wl Investments LLC
Entity
Mailing address
94 HEATHER GLN LN, MYSTIC, CT 06355-1161
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2011
$800,000
Wl Investments LLC
500 Norwich Avenue LLC
Warranty Deed
$600,000 · Chelseagroton Savings Bank
Feb 27, 2003
$580,000
500 Norwich Ave LLC
Marlin Enterprises
Warranty Deed
$464,000 · Peoples Mortgage Corp
Apr 16, 1990
—
Marlin Ent
—
Deed Of Trust
related
$635,000 · Dime Savings Bank Norwich
Nov 16, 1989
—
Linda Greenfield
—
Deed Of Trust
related
$650,000 · Zwi Kohorn
Oct 2, 1989
$130,000
Marlin Enterprises
Lorel Co
Grant Deed
—
May 15, 1987
$24,000
Marlin Enterprises
Lathrop,leroy W
Grant 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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