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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Showrooms
94 Norwich Rd, Plainfield, CT 06374-1619
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US15-1221142
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,174 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
PLAI M:015 B:0072 L:001A
UPID
US15-1221142
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
-
FCIG Northeast Insurance Agency
-
Nationwide Insurance: First Casualty Insurance Group Inc. Insurance Agency
-
FCIG Wealth - Member FINRA/SIPC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$615k
Owner & transaction history
Gilmore Real Est Hld Co · 9 yrs held
Gilmore Real Est Hld Co
since 2016
7 recorded transactions
Zoning & alternative use
C2 · Plainfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$625,000
+24.5%
Apartment house (5+ units)
$540,000
+7.5%
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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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)
$500,000
Current use
RETAIL STORES
$625,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$440,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$100 / 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
$13,864
Tax year 2023
Assessed value
$601,100
Assessed 2023
Previous assessed
$585,790
+2.6% YoY
Effective rate
2.31%
On assessed value
Assessed land
$77,000
Assessed improvement
$524,100
Applied tax rate
502.0000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
6,174 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
PLAI M:015 B:0072 L:001A
UPID
US15-1221142
Jurisdiction
PLAINFIELD
Zoning & alternative use
C2 · Plainfield, CT
Zoning C2 · permitted uses
C2 · Plainfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$500,000
RETAIL STORES
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
INDUSTRIAL (GENERAL)
Est. value
$440,000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Gilmore Real Est Hld Co
Entity
Mailing address
94 NORWICH RD, PLAINFIELD, CT 06374-1619
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Gilmore Real Estate Hldg
—
Deed
related
$198,760 · Mattern Construction
Sep 22, 2016
$450,000
Gilmore Real Est Hld Co
Kenmen Properties Corp
Warranty Deed
$520,000 · Savings Institute
Nov 2, 2006
—
Kenman Prop Corp
—
Deed Of Trust
related
$990,905 · Kenneth L Cascella
Apr 15, 2004
$175,000
Kenmen Properties Corp
J&e Inv Co LLC
Warranty Deed
$122,500 · Zuckerman Family Nomi
Feb 5, 2004
$143,000
J&e Inv Co
Hoyt,anne R
Grant Deed
—
Sep 21, 2001
—
Jdq LLC
—
Deed Of Trust
related
$110,000 · Worth Funding INC
May 18, 1995
$10,000
George J Lawrence
Waterfield,dean
Grant Deed
$80,000 · Jewett City Savings Bank
May 17, 1995
$20,000
George C Lawrence
Lawrence,daniel S
Grant Deed
related
—
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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