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Property profile & analytics
OFF-MARKET
Commercial land
598 Main St Norwich, CT 06360-5342
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1250577
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1970
Construction
WOOD FRAME
Total area
10,084 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GC
APN
NORW M:116 B:2 L:18
UPID
US15-1250577
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
-
Soapy Noble Car Wash
-
Youngchul Kim Dental Office
-
Dr. Jung Hyun Kim Dental Office
-
Dr. Michael Allard Alternative Medicine Practice
-
Dr. James Eckert Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Norwich Soapy Noble LLC · 3 yrs held
Norwich Soapy Noble LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
GC · Norwich, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,964
Tax year 2023
Assessed value
$238,100
Assessed 2023
Previous assessed
$238,100
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$208,700
Assessed improvement
$29,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
10,084 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GC
APN
NORW M:116 B:2 L:18
UPID
US15-1250577
Jurisdiction
NORWICH
Zoning & alternative use
GC · Norwich, CT
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Norwich Soapy Noble LLC
Entity
Mailing address
598 W MAIN ST, NORWICH, CT 06360-5342
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
Norwich Soapy Noble LLC
—
Deed
related
$3,481,600 · Jewett City Savings Bank
Jan 12, 2023
$450,000
Norwich Soapy Noble LLC
598 West Main Street LLC
Warranty Deed
—
Dec 16, 2010
—
598 W Main Street LLC
—
Deed Of Trust
related
$805,000 · Eastern Federal Bank
Oct 28, 2005
$1,100,000
598 W Main Street LLC
Mnr LLC
Warranty Deed
$880,000 · Citizens Bank Of Ct
Feb 1, 2002
—
Mnr LLC
—
Deed Of Trust
related
$624,000 · Dime Savings Bank Norwich
Dec 31, 1997
—
Michael P O'neil
—
Deed Of Trust
related
$450,000 · Eastern Savings & Loan Assn
Aug 24, 1990
$175,000
Joseph Cipriane SR.
Chiuo,tim
Grant Deed
$130,000 · Eastern Savings & Loan Assn
Aug 24, 1990
—
Tim Chiou
—
Deed Of Trust
related
$467,000 · United Bank & Trust Co
Sep 1, 1989
—
Tim Chiou
—
Deed Of Trust
related
$325,000 · Eastern Savings & Loan Assn
Aug 3, 1988
—
Tim Chiou
—
Deed Of Trust
related
$400,000 · Eastern Savings & Loan Assn
Jul 6, 1988
$162,500
Tim Chiou
Palmer,geneva
Trustees Deed
$120,000 · Eastern Savings & Loan Assn
Jul 21, 1987
$350,000
Tim Chiou
Conn Bk & Tr Co
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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