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    Property profile & analytics

    Old Rte 32 Franklin, CT 06254

    • Commercial land
    • 2.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 12, 2022
    $115,000
    Location Intelligence
    Property ID
    US15-1105167
    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

    • Commercial land

    Property Details for Old Rte 32

    Lot size
    2.20 lot acres
    Zone code
    R080
    Property type
    Commercial land
    APN
    FRAN M:45 B:19
    APU
    FRANM45B19

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.1432
    Latitude
    41.6102
    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
    $79
    $3,460
    $0.00
    $3,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.70 Acres

      Ward Ln

      VACANT COMMERCIAL LAND • 0.70 Acres
      Ward Ln, Franklin, CT 06254
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    • Value Estimation by Request
      3.50 Acres

      8 Old Rte 32

      VACANT COMMERCIAL LAND • 3.50 Acres
      8 Old Rte 32, North Franklin, CT 06254-1823
      View Details
    • Value Estimation by Request
      12.00 Acres

      Rte 32

      VACANT COMMERCIAL LAND • 12.00 Acres
      Rte 32, Franklin, CT 06254
      View Details
    • Value Estimation by Request
      5.49 Acres

      557 Pond Rd

      VACANT COMMERCIAL LAND • 5.49 Acres
      557 Pond Rd, North Franklin, CT 06254-1105
      View Details
    • Value Estimation by Request
      25.29 Acres

      532 Pond Rd

      VACANT COMMERCIAL LAND • 25.29 Acres
      532 Pond Rd, North Franklin, CT 06254-1111
      View Details
    • Value Estimation by Request
      8.00 Acres

      123 Rte 32

      VACANT COMMERCIAL LAND • 8.00 Acres
      123 Rte 32, North Franklin, CT 06254-1819
      View Details

    Similar Nearby for Sale

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      Prime Franklin Industrial Land

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      Land Available For Sale

      Land available for sale at 43 Route 32, Franklin, CT
      43 Route 32, Franklin, CT 06254
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    Similar Nearby for Lease

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    • $2,800 /Mo
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      Recently built-out office/tech space in a tranquil suburban setting.
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    Old Rte 32
    Franklin, CT 06254
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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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