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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Showrooms
653 Norwich Rd 661, Plainfield, CT 06374-1732
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0255275
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,060 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C2
APN
PLAI M:02P B:0029 L:0158
UPID
US15-0255275
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
-
Granite City Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Plainfield Square LP · 4 yrs held
Plainfield Square LP
since 2021
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
C2 · Plainfield, 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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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
$745,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $650k (Oct 12 2021)
Last sale anchor
$650k
Oct 12 2021
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
$27 / 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
$28,415
Tax year 2023
Assessed value
$1,278,810
Assessed 2023
Previous assessed
$1,278,810
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$158,390
Assessed improvement
$1,120,420
Applied tax rate
502.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
27,060 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C2
APN
PLAI M:02P B:0029 L:0158
UPID
US15-0255275
Jurisdiction
PLAINFIELD
Zoning & alternative use
C2 · Plainfield, CT
Zoning C2 · permitted uses
C2 · Plainfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
2.76 ac
Current owner
From public records · entity-resolved
Plainfield Square LP
Entity
Free & Clear · 4 yrs held
Mailing address
653 NORWICH RD #661, PLAINFIELD, CT 06374-1732
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Plainfield Square LP
—
Deed
related
$2,500,000 · Rockland Trust Co
Oct 12, 2021
$650,000
Plainfield Square LP
Better Val U Supermarkets
Warranty Deed
—
Oct 30, 2008
—
Value Supermarket Better
—
Deed Of Trust
related
$425,000 · Bozzutos INC
Dec 5, 1996
—
Val-u Supermark Better
—
Deed Of Trust
related
$675,000 · Bozzutos INC
May 21, 1993
—
Value Stores Better
—
Deed Of Trust
related
$1,000,000 · Four F Leasing Co
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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