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Property profile & analytics
OFF-MARKET
Showrooms
81 Franklin St 87 Norwich, CT 06360-5803
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0414182
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,364 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CC
APN
NORW M:102 B:4 L:80
UPID
US15-0414182
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manuel Z Gregorio · 2 yrs held
Manuel Z Gregorio
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
CC · Norwich, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,146
Tax year 2023
Assessed value
$208,600
Assessed 2023
Previous assessed
$208,600
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$34,900
Assessed improvement
$173,700
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
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
3
Units
5
Total area
7,364 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CC
APN
NORW M:102 B:4 L:80
UPID
US15-0414182
Jurisdiction
NORWICH
Zoning & alternative use
CC · Norwich, CT
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1880
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Buildings
1
Units
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Manuel Z Gregorio
Individual
Mailing address
260 CARPENTER AVE #87, NEWBURGH, NY 12550-3315
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$500,000
Manuel Z Gregorio
Gutzin Holdings LLC
Warranty Deed
$375,000 · Com Mtg Consultants I
Mar 24, 2021
$315,000
Gutzin Holdings LLC
Peter Syku
Warranty Deed
—
Nov 18, 2011
—
City National Bank
New Empire LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jul 1, 2008
$650,000
New Empire LLC
New Horizon LLC
Warranty Deed
$787,500 · Imperial Capital Bank
Aug 19, 2004
—
New Horizon LLC
—
Deed Of Trust
related
$292,735 · Dime Savings Bank Norwich
Jun 4, 2001
$140,000
New Horizon LLC
Riley,wilfred J
Warranty Deed
$105,000 · Dime Savings Bank Norwich
Jul 2, 1992
$195,000
Wilfred Riley
Eastern Sla
Grant Deed
$195,000 · Eastern Savings & Loan Assn
Jun 27, 1989
$5,000
Richard Brong
Stavrou,kristos
Grant Deed
$55,000 · Coastal Bank
Oct 31, 1988
—
Richard V Brong
—
Deed Of Trust
related
$34,000 · Norwich City
Aug 16, 1988
$120,000
Richard Brong
Roberts,scott
Grant Deed
$220,000 · Eastern Savings & Loan Assn
Mar 20, 1987
$99,900
Kristos Slavrou
Ostrager,rhonda
Grant Deed
$93,000 · Zenon Grzybowski
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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