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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Showrooms
93 Town St Norwich, CT 06360-2262
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US15-0459345
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,762 SF
Lot
8.91 ac (388,240 SF)
Zoning code
R40/R2
APN
NORW M:59 B:1 L:27
UPID
US15-0459345
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
-
Irene Gumboc Physician
-
Norwichtown Rehabilitation & Healthcare Nursing Home
-
Norwich Town Rehab & Care: Qureshi Yahya H MD Physician
-
MAHESH NARAYAN KABADI Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$3.47M
Owner & transaction history
93 W Town St Realty Ll · 9 yrs held
93 W Town St Realty Ll
since 2017
7 recorded transactions
Zoning & alternative use
R40/R2 · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.2M
+77.8%
Apartment house (5+ units)
$3.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,930,000
Current use
RETAIL STORES
$5,210,000
Change: +78% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,420,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,860,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10%
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
$74 / 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
$133,757
Tax year 2023
Assessed value
$3,196,100
Assessed 2023
Previous assessed
$3,196,100
+0.0% YoY
Effective rate
4.19%
On assessed value
Assessed land
$756,000
Assessed improvement
$2,440,100
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
120
Total area
46,762 SF
Lot
8.91 ac (388,240 SF)
Zoning code
R40/R2
APN
NORW M:59 B:1 L:27
UPID
US15-0459345
Jurisdiction
NORWICH
Zoning & alternative use
R40/R2 · Norwich, CT
Zoning R40/R2 · permitted uses
R40/R2 · 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
$2.9M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
120
Lot
8.91 ac
Current owner
From public records · entity-resolved
93 W Town St Realty Ll
Entity
Mailing address
51 WARRINGTON ROUND, DANBURY, CT 06810-5170
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
—
93 W Town St Realty Ll
Norwichtown Convalesce
Warranty Deed
—
Apr 8, 2013
—
Norwichtown Convalescent
—
Deed Of Trust
related
$5,000,000 · Peoples Bank
Mar 29, 2006
—
Norwichtown Convalesc INC
—
Deed Of Trust
related
$5,737,000 · Peoples Bank
Oct 12, 2000
—
Norwichtown Convalesc
—
Deed Of Trust
related
$6,240,000 · Peoples Bank
Oct 5, 1998
—
Norwichtown Cnvl Home
—
Deed Of Trust
related
$6,240,000 · Peoples Bank
Dec 29, 1994
—
Norwichtown Convalesce
—
Deed Of Trust
related
$5,250,000 · Shawmut Mortgage
Nov 18, 1987
—
Norwichtown
—
Deed Of Trust
related
$1,800,000 · Connecticut National Bank
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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