Property profile

8 Mechanic St Norwich, NY 13815

OFF-MARKET
Investment properties
Property ID
US63-0535577
5,000 SF 0.09 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 5,000 SF
Lot 0.09 ac (3,920 SF)
Zoning code 05 - COMMERCIAL
APN 081100 136.48-5-2
UPID US63-0535577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store Newspaper & Magazine

Location

8 Mechanic St Norwich, NY 13815-1435
Norwich metro Census 970400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2024
Last sale
$225,000
4 recorded transactions
2024
$225,000
2023
$125,000
2010
$160,000
2001
$75,000

Zoning & alternative use

05 - COMMERCIAL · Norwich, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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