500 NorwichTaftville, CT 06380

  • Other commercial real estate
  • 9,000 SF
Off market
$13,124,720 Estimated

Property Details for 500 Norwich

Year built
1990
Construction
FRAME
Lot size
1.31 AC
Property size (Sq ft)
9,000 SF
Zone code
GC/R20
Property type
Other commercial real estate
Property subtype
Showrooms
APN
NORW M:47 B:4 L:32
APU
NORWM47B4L32

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,187,314
    6.5%
    $2,019,059
    7%
    $1,874,841
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,963,369
    Geo Method
    $2,963,369
  • Alternative Use

    Use
    Valuation
    Residential
    $1,703,152
    Hospitality
    $1,560,078
    Educational
    $1,297,967
    Medical
    $1,342,606
    Retail
    $2,019,059
500 Norwich, Taftville, Connecticut

Location Insight

City
Taftville
County
New London
State
Connecticut
Latitude
41.5668
Longitude
-72.047
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
$18,703
$81,900
$365,000
$446,900
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-
-
-

FAQs

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