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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Industrial properties
555 Norwich Ave Taftville, CT 06380
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0017246
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
97,326 SF
Lot
5.06 ac (220,414 SF)
Zoning code
I
APN
NORW M:47 B:4 L:6
UPID
US15-0017246
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.18M
Owner & transaction history
575 South Mill LLC · 17 yrs held
575 South Mill LLC
since 2008
7 recorded transactions
Zoning & alternative use
I · Taftville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$22 / 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
$34,116
Tax year 2023
Assessed value
$815,200
Assessed 2023
Previous assessed
$1,335,900
-39.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$369,700
Assessed improvement
$445,500
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
Off-Market
Year built
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Units
5
Total area
97,326 SF
Lot
5.06 ac (220,414 SF)
Zoning code
I
APN
NORW M:47 B:4 L:6
UPID
US15-0017246
Jurisdiction
NORWICH
Zoning & alternative use
I · Taftville, CT
Zoning I · permitted uses
I · Taftville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taftville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Units
5
Lot
5.06 ac
Current owner
From public records · entity-resolved
575 South Mill LLC
Entity
Free & Clear · 17 yrs held
Mailing address
241 HUDSON ST, HACKENSACK, NJ 07601-6708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
555 South Mill LLC
—
Deed
related
$22,500,000 · Connectone Bank
Mar 3, 2022
—
555 South Mill LLC
—
Deed
related
$767,030 · Norwich Community Dev
Jan 13, 2020
—
555 S Mill LLC
—
Deed
related
$600,000 · Eric Goldfine
Aug 25, 2008
$1
575 South Mill LLC
Ponemah Mills 2 LLC
Grant Deed
related
—
Dec 18, 1992
$325,000
Brian H Buchman
Malchman,daniel G
Grant Deed
$325,000 · Zenon Grzybowski
Dec 28, 1990
—
Daniel Malchman
—
Deed Of Trust
related
$1,900,000 · Zwi Kohorn
May 24, 1988
—
Daniel Malchman
—
Deed Of Trust
related
$250,000 · Zwi Kohorn
—
—
555 S Mill LLC
—
Deed Of Trust
related
$600,000 · Eric Goldfine
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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