Property profile

54-56 Broadway Norwich, CT 06360

OFF-MARKET
Showrooms
Property ID
US15-0081677
5,240 SF 0.17 ac lot Built 1750
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1750
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,240 SF
Lot 0.17 ac (7,405 SF)
Zoning code CC
APN NORW M:102 B:2 L:41
UPID US15-0081677

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

54-56 Broadway Norwich, CT 06360
Norwich metro Census 696800 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2011
7 recorded transactions
2024
Price N/A
2011
$118,000
2010
Price N/A
2009
$256,000
2006
$530,000
2004
$188,000
1998
$150,000

Zoning & alternative use

CC · Norwich, CT
Zoning description

Chelsea Central District CC General Commercial District GC Industrial Production, Manufacturing, & Research District PMR Neighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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