Property profile

82 New Park Ave North Franklin, CT 06254

OFF-MARKET
Showrooms
Property ID
US15-0241408
17,424 SF 14.07 ac lot Built 2005
Entity Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2005
Construction STEEL FRAME
Total area 17,424 SF
Lot 14.07 ac (612,889 SF)
Zoning code IND
APN FRAN M:45 B:30
UPID US15-0241408

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
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician

Location

82 New Park Ave North Franklin, CT 06254-1807
North Franklin metro Census 712100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.44M

Owner & transaction history

since 2004
2 recorded transactions
2023
Price N/A
2004
$575,000

Zoning & alternative use

IND · North Franklin, CT
Top alternative use upside
Office building $2.4M +66.1%
Retail stores $1.9M +34.9%
Apartment house (5+ units) $1.5M +2.6%

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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