You can absolutely still disconnect your item from your iCloud even if it is not powered on.

Please use a computer, and follow the below instructions for a successful removal of your item from your iCloud account:

 
  1. Go to the iCloud.com/find/ website on any server or browser on your computer.
  2. Click the All Devices tab at the top of the page.
  3. Select the device you want to REMOVE.
    ** DO NOT CLICK "DELETE DEVICE". THIS WILL NOT COMPLETE THE PROCESS.
  4. Click Remove from Account.