763 Scotland Rd Norwich, CT 06360-9403
Property profile & analytics
763 Scotland Rd, Norwich, CT 06360-9403
- Investment properties
- 15.48 lot acres
Property ID
US15-0167945
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.
Location Intelligence
Current Use by Public Records
- Norwichtown Pet Resort & Spa / Kennel & Boarding Facility
Property Details for 763 Scotland Rd
- Lot size
- 15.48 lot acres
- Zone code
- R80
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NORW M:11 B:1 L:3
- APU
- NORWM11B1L3
Description
This exceptional investment opportunity presents a fee-simple 10,719 square foot medical office building in Norwich, Connecticut, currently leased to Destination Pet, a leading national operator of pet service facilities with over 150 locations across 30 states. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $152,000. The current lease, structured as a triple-net (NNN) lease, features a remaining term of 8.3 years with four or five-year renewal options, ensuring long-term stability and predictable cash flow. Annual rent bumps of 3% further enhance the investment's return. The property is strategically located on Scotland Road in Norwich, near Interstate 395, providing excellent accessibility. Norwich itself offers a stable population, robust municipal services, and a positive outlook for future growth. The property's location minimizes landlord responsibilities, creating a passive investment opportunity. The asking price is $2,096,552, translating to a price per square foot of $195.59. Note that an additional income-producing residential component is situated on the property. This presents a unique opportunity for investors seeking a stable, high-yield investment with significant long-term potential in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,595,000
- ML approach
- $1,485,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0688
- Latitude
- 41.5975
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, 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
2024
$21,463
$251,700
$393,800
$645,500
-
$0.00
$0.00
$0.00
