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    615 Norwich Rd Plainfield, CT 06374-1728
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    Property profile & analytics

    615 Norwich Rd, Plainfield, CT 06374-1728

    View on Map
    • Showrooms
    • 7,225 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US15-0093616
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Discount Store
    • FedEx OnSite / Postal Service / Courier Service
    • Western Union / Bank / Credit Union

    Property Details for 615 Norwich Rd

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Zone code
    C2
    Property type
    Showrooms
    APN
    PLAI M:02P B:0021 L:0004
    APU
    PLAIM02PB0021L0004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2019 $295,500 Mcg Plainfield LLC 611 Norwich Rd LLC Warranty Deed —
    Nov 1, 2010 — Jan Riguier Zaristaski,michael One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Jul 9, 2007 — Snowflake Properties LLC — Deed Of Trust · related $50k · James Cantara
    Aug 4, 2006 $1 Snowflake Prop LLC Zauistoski,michael J Warranty Deed · related —
    Oct 25, 2005 $215,000 Michael Zavistoski Howarth,harold Warranty Deed $210k · Zwi Kohorn
    Feb 3, 2005 — Harold J Howarth — Deed Of Trust · related $21k · Jewett City Green INC
    Feb 1, 1999 — Harold J Howarth — Deed Of Trust · related $85k · Eastern Savings & Loan Assn
    Aug 30, 1989 — Howard Howarth — Deed Of Trust · related $10k · Connecticut National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $817,000
      Market price range: $398k - $818k
      AI Estimate
      $1,028,000
      Market price range: $337k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $585,000
      Current use
      RETAIL STORES
      $730,000
      Change: +24% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $630,000
      Change: +7% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $515,000
      Change: -12% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Windham
    State
    Connecticut
    Longitude
    -71.9154
    Latitude
    41.6787
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,736
    $95,100
    $838,100
    $933,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      558 Norwich Rd

      SHOW ROOM, WAREHOUSE
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      309 Putnam Rd

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      5,513 SF

      4 Ww Pkwy

      SHOW ROOM, WAREHOUSE
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    • Value Estimation by Request
      4,914 SF

      1019 Norwich Rd

      SHOW ROOM, WAREHOUSE
      1019 Norwich Rd, Plainfield, CT 06374-1927
      View Details
    • Value Estimation by Request
      6,038 SF

      120 Norwich Rd

      SHOW ROOM, WAREHOUSE
      120 Norwich Rd, Plainfield, CT 06374-1619
      View Details

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      Versatile commercial space with residential apartment for sale.
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      Prime location, versatile space, move-in ready.
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    • $520,000
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      Commercial Opportunity in Plainfield

      Commercial property with showroom, office, service area, and parking.
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    • Contact for pricing
      2,625 SF

      Plainfield Commercial Opportunity For Sale

      Commercial property in Plainfield with showroom, office, and service area.
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    • $279,900
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      Commercial Building with Route 12 Frontage

      Commercial building with high visibility and outdoor storage capacity.
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    Similar Nearby for Lease

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      Retail or Office Space Available

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      Adaptable Commercial Space Available

      Versatile space suitable for salon, spa, office, or retail.
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      Commercial Space with Flexible Layout

      Versatile space suitable for salon, spa, office, or retail.
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    • $1,300 /Mo

      Bright Apartment in Plainfield

      One-bedroom apartment with eat-in kitchen and off-street parking.
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      Plainfield Industrial Park Flex Space

      15,000 SF commercial/industrial facility in Plainfield Industrial Park.
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      Well-Maintained Three-Bedroom Rental Property

      Three-bedroom rental with private basement, fenced yard, and parking.
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      View Details

    Property Visit Statistics

    • Visits by month
      16.4k
    • Visitors by month
      8.7k
    • Avg Time on site
      13 min
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    Plainfield, CT 06374-1728
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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