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    Property profile & analytics

    931 Bank St, Unit 6 New London, CT 06320-2702

    • Office Properties & Spaces
    • 476 SF
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US15-0991334
    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

    • Root Center for Advanced Recovery - New London Clinic / Addiction Treatment Center / Mental Health Service
    • Hartford Dispensary / Medical Clinic
    • Amazon Hub Counter - Shoppers City / Shipping And Mailing Service
    • Shoppers city / Men'S Clothing Store / Shoe Store

    Property Details for 931 Bank St

    Year built
    1930
    Property size
    476 SF
    Property type
    Office Properties & Spaces
    APN
    NLON M:D15 B:0118 L:1320-6
    APU
    NLONMD15B0118L13206

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $295,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $315,000
      Mixed-Use
      $330,000
      Hospitality
      $295,000
      Educational
      $270,000
      Residential Income
      $310,000
      Energy
      $355,000
      Income-Based Land
      $255,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    New London
    State
    Connecticut
    Longitude
    -72.111
    Latitude
    41.3466
    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
    $1,770
    $0.00
    $47,530
    $47,530
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      8,631 SF

      216 Broad St Fl, Unit 1

      CONDOMINIUM OFFICES • 8,631 SF
      216 Broad St Fl, New London, CT 06320-5335
      View Details
    • Value Estimation
      $290,000
      467 SF

      931 Bank St, Unit 12

      CONDOMINIUM OFFICES • 467 SF
      931 Bank St, New London, CT 06320-2702
      View Details
    • Value Estimation
      $280,000
      420 SF

      931 Bank St, Unit 14

      CONDOMINIUM OFFICES • 420 SF
      931 Bank St, New London, CT 06320-2702
      View Details
    • Value Estimation by Request

      70 State St

      Coworking space
      70 State St, New London, CT 06320
      View Details
    • Value Estimation by Request

      193 Bank St

      Office space
      193 Bank St, New London, CT 06320
      View Details
    • Value Estimation
      $280,000
      1,592 SF

      53 Granite St, Unit 2

      CONDOMINIUM OFFICES • 1,592 SF
      53 Granite St, New London, CT 06320-5945
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Mixed-Use Space in Downtown Location

      Office or retail spaces available in a high-traffic downtown area.
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      New London Commercial Space Available

      Versatile commercial space suitable for various purposes in New London.
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      Two-story office building with six suites and ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
      259,566 SF

      New London Mall Office Space

      Prime New London office suites, various sizes.
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    • $15 SF/Yr
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      New London Creative Office Suites

      Modern Offices, Utilities Included, Great Location
      75 Granite St, New London, CT 06320
      View Details
    • $315 /Mo
      6,200 SF

      Small Office Spaces For Lease

      Small office spaces for lease, rent includes utilities.
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      View Details
    • $16 SF/Yr
      1,306 SF

      Class A Office Space Available

      Class A office space for lease in Shaw's Cove.
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    • $15 SF/Yr
      1,900 SF

      New London Office Space Available

      1900 square foot office space for rent in New London.
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      View Details
    • $9 SF/Yr
      7,086 SF

      New London Office Space Available

      Flexible Workspaces in CT
      125 Eugene O'neill Dr, New London, CT 06320
      View Details
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    931 Bank St, Unit 6
    New London, CT 06320-2702
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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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