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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Showrooms
774 Thames St Norwich, CT 06360-7028
Individually Owned
1-yr Hold
Free & Clear
Property ID
US15-0484049
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,271 SF
Lot
6.85 ac (298,386 SF)
Zoning code
GC
APN
NORW M:132 B:1 L:17
UPID
US15-0484049
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
-
Scranton Chevrolet of Norwich Service Center Auto Repair Shop
-
Scranton Chevrolet of Norwich Parts and Accossories Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.82M
Owner & transaction history
Robert H Sibold · 1 yrs held
Robert H Sibold
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
GC · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+118.9%
Retail stores
$3.4M
+77.8%
Apartment house (5+ units)
$2.2M
+16.7%
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
Method
Estimation
Statistic approach
$2,960,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,900,000
Current use
OFFICE BUILDING
$4,155,000
Change: +119% · Conversion: Easy
RETAIL STORES
$3,375,000
Change: +78% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,850,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±10% · vs last sale $3.02M (Feb 7 2025)
Last sale anchor
$3.02M
Feb 7 2025
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
$93 / 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
$87,412
Tax year 2023
Assessed value
$2,088,700
Assessed 2023
Previous assessed
$2,088,700
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$752,400
Assessed improvement
$1,336,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
30,271 SF
Lot
6.85 ac (298,386 SF)
Zoning code
GC
APN
NORW M:132 B:1 L:17
UPID
US15-0484049
Jurisdiction
NORWICH
Zoning & alternative use
GC · Norwich, CT
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
6.85 ac
Current owner
From public records · entity-resolved
Robert H Sibold
Individual
Free & Clear · 1 yrs held
Mailing address
372 W BIRCH MTN RD, GLASTONBURY, CT 06033-1904
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Robert H Sibold
Trading Cov E Realty LLC
Quitclaim Deed
related
—
Jul 13, 2023
—
Trading Cove Realty LLC
Scranton Chevrolet Of Nor
Quit Claim Deed
related
—
Sep 29, 2020
—
Scranton Chevrolet Of Nor
—
Deed
related
$3,225,000 · Chelsea Groton Bank
Mar 2, 2016
—
Chevrolet N Scranton
Mlc Liquidating Corp
Quit Claim Deed
related
—
Mar 2, 2016
$3,019,990
Chevrolet N Scranton
Mallon Chevrolet INC
Warranty Deed
—
May 29, 2001
—
Mallon Chevrolet INC
—
Deed Of Trust
related
$1,041,000 · Gmac Mortgage Corp Pa
Mar 10, 1999
—
Mallon Chevrolet INC
—
Deed Of Trust
related
$174,039 · Zuckerman Family Nomi
Jul 2, 1990
—
Donald Mallon
—
Deed Of Trust
related
$150,000 · Connecticut Bank & Trust
Jun 30, 1988
$300,000
Donald Mallon SR
Adelman,seymour
Grant Deed
$720,000 · Zwi Kohorn
May 4, 1988
$1,150,000
Donald Mallon
Mallon Chev INC
Grant Deed
related
$1,200,000 · Zuckerman Family Nomi
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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