Hotel Properties in Norwich | Reonomy

Hotel Properties in Norwich

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Reonomy attracts a large community of Norwich commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in hotel properties.

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Norwich hotel property sold prices and values

Values and sold prices (last 24 months) United States Connecticut Norwich
Average price/sqft $579 $16,115 --
Average sold price $6,568,778 $1,690,277 --
Median sold price $1,255,946 $900,000 --
Number of sales 5,431 9 --
Number of sales over $250k 4,208 8 --
Number of sales over $1m 2,957 4 --
Number of sales over $10m 584 -- --
Average total tax amount $80,135 $90,216 --
Average assessed value $3,344,238 $2,499,355 --
Average market value $4,479,028 $2,499,355 --

Norwich hotel property property averages

Property averages United States Connecticut Norwich
Average lot size 600,427 sf 128,842 sf --
Median lot size 47,977 sf 83,417 sf --
Average building area 6,624 sf 86 sf --
Median building area 75 sf 48 sf --
Median year built 1978 1971 --
Average number of units 51 52 --
Median number of units 16 25 --

Norwich hotel property total supply

Supply United States Connecticut Norwich
Number of parcels 94,049 197 --
Aggregate lot acerage 1,330,399 461 --
Aggregate building area 276,008,945 sf 8,283 sf --
Aggregate units 1,435,825 7,185 --

Norwich hotel property industrial mortgages

Debt United States Connecticut Norwich
Number of mortgages 224,792 613 --
Average value of mortgages $46,399,130 $6,045,427 --

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