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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail properties & Spaces
76 Norwich Westerly Rd North Stonington, CT 06359-1712
Entity Owned
7-yr Hold
Free & Clear
Property ID
US15-0280252
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2022
Total area
4,960 SF
Lot
2 ac (87,120 SF)
Zoning code
EDD
APN
NSTO M:122 L:4863
UPID
US15-0280252
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
$574k
Blend (final)
Blend
$575k
Owner & transaction history
Jannat LLC · 7 yrs held
Jannat LLC
since 2019
6 recorded transactions
Zoning & alternative use
EDD · North Stonington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+23.1%
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 North Stonington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Stonington 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
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
OFFICE BUILDING
$680,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$116 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$23,139
Tax year 2024
Assessed value
$801,220
Assessed 2024
Previous assessed
$801,220
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$184,170
Assessed improvement
$617,050
Applied tax rate
362.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
4,960 SF
Lot
2 ac (87,120 SF)
Zoning code
EDD
APN
NSTO M:122 L:4863
UPID
US15-0280252
Jurisdiction
NORTH STONINGTON
Zoning & alternative use
EDD · North Stonington, CT
Zoning EDD · permitted uses
EDD · North Stonington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Stonington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$680,000
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Jannat LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 126, NORWICH, CT 06360-0126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2019
$135,000
Jannat LLC
Maccormack,steven E
Warranty Deed
—
Nov 24, 2015
$150,000
Steven E Maccormack
North Stonington Dev INC
Warranty Deed
$140,000 · North Stonington Deve
May 6, 2008
$1,100,000
North Stonington Dev INC
Nautilus Dev INC
Warranty Deed
—
Apr 25, 2007
—
Nautilus Development INC
—
Deed Of Trust
related
$200,000 · Michael J Dicenso
Jun 25, 2004
$125,000
Nautilus Dev INC
Latimer Partners LLC
Warranty Deed
—
Nov 6, 1997
—
Stonginton Dev North
—
Deed Of Trust
related
$1,800,000 · David Cho Yee Young
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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