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    Property profile & analytics

    888 Rte 32 North Franklin, CT 06254-1013

    • Retail space
    • 1,210 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Dec 27, 2021
    Location Intelligence
    Property ID
    US15-1199893
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 888 Rte 32

    Year built
    2003
    Construction
    FRAME
    Lot size
    2.31 lot acres
    Property size
    1,210 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    FRAN M:06 B:3
    APU
    FRANM06B3

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.1609
    Latitude
    41.6487
    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
    2023
    $4,290
    $120,140
    $66,630
    $186,770
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      1,296 SF

      817 Rte 32

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      817 Rte 32, North Franklin, CT 06254
      View Details
    • Value Estimation
      $325,000
      5,010 SF

      170 Rte 32

      RETAIL STORES (PERSONAL SERVICES) • 5,010 SF
      170 Rte 32, North Franklin, CT 06254-1811
      View Details
    • Value Estimation
      $480,000
      5,000 SF

      574 Rte 32

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      574 Rte 32, North Franklin, CT 06254-1325
      View Details
    • Value Estimation
      $365,000
      1,584 SF

      43 Manning Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,584 SF
      43 Manning Rd, North Franklin, CT 06254-1411
      View Details
    • Value Estimation by Request
      2,307 SF

      70 Rte 32

      RETAIL STORES (PERSONAL SERVICES) • 2,307 SF
      70 Rte 32, North Franklin, CT 06254-1810
      View Details
    • Value Estimation
      $345,000
      7,200 SF

      20 Murphy Rd

      SHOW ROOM, WAREHOUSE • 7,200 SF
      20 Murphy Rd, North Franklin, CT 06254-1805
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    888 Rte 32
    North Franklin, CT 06254-1013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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