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Property profile & analytics
OFF-MARKET
Commercial real estate
607 Thames St Norwich, CT 06360-7139
Entity Owned
30-yr Hold
Free & Clear
Property ID
US15-0337444
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
10.95 ac (477,031 SF)
Zoning code
PC
APN
NORW M:129 B:1 L:5
UPID
US15-0337444
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
-
Inn norwich Hotel & Motel Resort
-
Ascot's Pub Nightclub Bar & Pub
-
Harp and dragon Restaurant
-
Wilkerson Porta Potty Rentals Building Supply
-
The Spa at Norwich Inn Alternative Medicine Practice Spa & Massage Center
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
Fleet Fiduciary Corp · 30 yrs held
Fleet Fiduciary Corp
since 1996
7 recorded transactions
Zoning & alternative use
PC · 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
$251,493
Tax year 2023
Assessed value
$6,009,400
Assessed 2023
Previous assessed
$6,009,400
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$694,600
Assessed improvement
$5,314,800
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
3
Units
49
Lot
10.95 ac (477,031 SF)
Zoning code
PC
APN
NORW M:129 B:1 L:5
UPID
US15-0337444
Jurisdiction
NORWICH
Zoning & alternative use
PC · Norwich, CT
Zoning PC · permitted uses
PC · 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
Heating
NONE
Cooling
Yes
Buildings
3
Units
49
Lot
10.95 ac
Current owner
From public records · entity-resolved
Fleet Fiduciary Corp
Entity
Free & Clear · 30 yrs held
Mailing address
607 W THAMES ST, NORWICH, CT 06360-7139
Ownership since
1996
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
Jan 16, 1996
$120,000
Fleet Fiduciary Corp
Safdie,edward J
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Sep 26, 1989
—
Norw Inn & Spa
—
Deed Of Trust
related
$400,000 · Suffield Svgs Bk
Aug 14, 1989
—
Edward Safdie
—
Deed Of Trust
related
$1,500,000 · Central Bank Savings
Jul 1, 1989
—
Terry Phalen
—
Deed Of Trust
related
$154,800 · Gmac Mortgage Corp Pa
Jul 8, 1988
—
Norw Inn & Spa Villas
—
Deed Of Trust
related
$1,500,000 · Suffield Savings Bank
Apr 14, 1988
—
Edward Safdie
—
Deed Of Trust
related
$1,000,000 · Central Bank Savings
Feb 26, 1988
—
Edward J Safdie
—
Deed Of Trust
related
$2,200,000 · Shawmut Home Bank
Jul 15, 1987
—
Edward J Safdie
—
Deed Of Trust
related
$4,000,000 · First Financial Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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