Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3175 Gold Star Hwy Groton, CT 06355

    Sponsored
    For Lease
    $1,250 /Mo ($17 SF/Yr)

    COMMERCIAL - Groton, CT

    Property size:
    850 SF
    Days on Market:
    80
    Last Refresh:
    Feb 1 at 6:06 pm

    Property Features for 3175 Gold Star Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CN
    Size
    850 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Camille Taylor

    Taylor Realty Group, llc (860) 572-9400

    Listing agent Camille Taylor (860) 572-9400

    Listing date Nov 14, 2025

    MLS# 24139291

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Groton Commercial Space For Lease

    Located at a high-traffic intersection, this first-floor commercial space (Unit F-2) offers a spacious and open layout with a separate office area. Situated at the corner of Gold Star Highway and Shewville Road, it is centrally positioned to Mystic, Ledyard, Center Groton, North Stonington, and I-95 at exit 90, within the Old Mystic Plaza. The property is suitable for office or retail use, joining many long-term businesses already in place. The prior use was a dance studio. The property is handicap accessible and includes heat. It benefits from plenty of parking. The property is zoned CN, allowing for many uses. The property contains 850 square feet and is located in Groton, CT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.00734
    Latitude
    41.386593

    Nearby Similar for Lease

    • $650 /Mo
      160 SF

      Groton Office Space For Lease

      Private office space in high-traffic Groton location for lease.
      3175 Gold Star Hwy, Groton, CT 06355
      View Details
    • $2,800 /Mo
      1,999 SF

      Groton Office/Medical Space for Lease

      Professional office/medical space in prime Groton business park, 1974 SF.
      491 Gold Star Hwy, Groton, CT 06340
      View Details
    • $2,800 /Mo
      1,999 SF

      Groton Office/Medical Space For Lease

      Professional office or medical space in prime Groton location.
      491 Gold Star Hwy, Groton, CT 06340
      View Details
    • $2,200 /Mo

      Noank Village Furnished Apartment Rental

      Furnished 2-bedroom apartment in Noank Village with water views.
      51 Front St, Groton, CT 06340
      View Details
    • $2,500 /Mo

      Spacious Apartment in Prime Location

      Charming apartment near downtown Mystic with historic appeal and modern amenities.
      39 Pearl St, Groton, CT 06355
      View Details
    • $1,995 /Mo

      Luxury Apartments in Groton

      New 60-unit apartment complex with upscale finishes and amenities.
      135 Gold Star Hwy, Groton, CT 06340
      View Details
    • $18 SF/Yr
      7,400 SF

      Class A Office Space Available

      Class A office space with river views and convenient location.
      402 Thames St, Groton, CT 06340
      View Details
    • Contact for pricing
      196,802 SF

      Groton Square Retail Center

      Prime Retail Space Available, I-95 Access
      220 Ct-12, Groton, CT 06340
      View Details
    • $1,500 /Mo

      Remodeled One-Bedroom Rental Available

      Bright, remodeled 1-bedroom, 1-bath rental with modern finishes.
      14 Denison Ave, Groton, CT 06340
      View Details
    • $2,250 /Mo
      3,000 SF

      Retail/Restaurant/Medical Space Available

      Retail, restaurant, or medical space for lease.
      392 Eastern Point Rd, Groton, CT 06340
      View Details
    • $3,750 /Mo

      Downtown Mystic Luxury Apartment

      Luxury apartment in Downtown Mystic with premium amenities.
      5 Pearl St, Groton, CT 06355
      View Details
    • $12 SF/Yr
      5,363 SF

      Groton Executive Office Space

      Prime Groton location, 5,363 SF office/lab.
      70 Bridge St, Groton, CT 06340
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious retail/office space in high-traffic Groton location.
    Where is this retail space located?
    The property is located at 3175 Gold Star Hwy Groton, CT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location at high-traffic intersection near Mystic, Ledyard, Groton, and I-95 (Exit 90).; - Suitable for office or retail use with flexible CN zoning.; - Handicap accessible and plenty of parking.
    (860) 572-9400
    Request Owner's contact information
    3175 Gold Star Hwy Groton, CT 06355
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3175 Gold Star Hwy
    Groton, CT 06355
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3175 Gold Star Hwy Groton, CT 06355
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Camille Taylor
    Real Estate License ID: REB.0756392
    (860) 572-9400
    Learn more
    Google sign-in failed. Please try again or use another login method.