Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Groton Commercial Space For Rent Title is generated by Realmo AI

    943 North Road, Groton, CT 06340

    View on Map
    Claim this Listing
    For Lease
    $1,000/Mo $17 SF/Yr (calc)

    COMMERCIAL - Groton, CT

    Property size:
    700 SF
    Lot size:
    1.72 Acres
    Added:
    Feb 17, 2026
    Days on Market:
    101
    Last Refresh:
    May 29 at 10:06 pm

    Property Features for 943 North Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    IM
    Standard status
    Active
    Size
    700 SF
    Lot size
    1.72 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Heather Gianacoplos

    Listing agent Heather Gianacoplos License #RES.0800582

    Listing office Compass Connecticut, LLC 22 Holmes Street, Charlestown, CT

    Listing date Feb 17, 2026

    MLS# 24153550

    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.

    HighLights

    • Convenient location: Only one mile from I‑95 (Exit 88).
    • Versatile space: Suitable for personal service business or office use.
    • Includes a dedicated private bathroom within the unit.
    • Two rooms plus entry/waiting area: Offers a functional layout.
    • Central air conditioning provides climate control.
    • Baseboard heating offers heating throughout the unit.

    Overview

    This commercial space in Groton, Connecticut, offers a cozy environment suitable for various business uses. Currently configured for a massage business, it is also well-suited for any personal service or office. The unit features two rooms, an entry/waiting area, and a private bathroom. The space is located at the back of the building on a 1.72-acre lot. Please note that the space is not ADA compliant and requires navigating steps to enter. The property is conveniently located approximately one mile from exit 88 of I-95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Center 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
    -72.026087
    Latitude
    41.377297

    Nearby Similar for Lease

    • $500/Mo
      1,000 SF

      Groton Office Space For Rent

      Ground floor office space with easy I-95 access.
      333 Long Hill Road, Groton, CT 06340
      View Details
    • $1,500/Mo
      596 SF

      Groton Office Unit For Rent

      Office unit with three offices and reception area for rent.
      1353 Gold Star Highway, Groton, CT 06340
      View Details
    • $1,250/Mo
      850 SF

      Groton Commercial Space For Lease

      Spacious retail/office space in high-traffic Groton location.
      3175 Gold Star Highway, Groton, CT 06355
      View Details
    • $650/Mo
      160 SF

      Groton Office Space For Lease

      Private office space in high-traffic Groton location for lease.
      3175 Gold Star Highway, Groton, CT 06355
      View Details
    • $1,500/Mo
      1,390 SF

      Functional Office Space with Amenities

      Office space featuring conference room, offices, kitchenette, and included utilities.
      4 Fort Hill Road, Groton, CT 06340
      View Details
    • $1,200/Mo
      600 SF

      Retail Space in High Traffic

      Retail space in high-traffic area, suitable for various businesses.
      112 North St, Groton, CT 06340
      View Details
    • $1,500/Mo
      596 SF

      Office Unit with Reception Area

      596 SF office unit featuring three offices and reception.
      1353 Gold Star Hwy 212, Groton, CT 06340
      View Details
    • $16 SF/Yr
      671 SF

      Office Space at Ice Cube

      671 SF office space with Thames River views.
      541 Eastern Point Road, Groton, CT 06340
      View Details
    • $1,200/Mo
      600 SF

      Retail Space in High Traffic

      Retail space in high-traffic area, suitable for various businesses.
      112 North Street, Groton, CT 06340
      View Details
    • $2,800/Mo
      2,000 SF

      Ground Floor Office Space Available

      Office space with easy access and ample natural light.
      333 Long Hill Road, Groton, CT 06340
      View Details
    • $1,150/Mo
      650 SF

      Noank Village Commercial Space Rental

      Second-floor creative space with water views in Noank village.
      63 Marsh Road, Groton, CT 06340
      View Details
    • $2,800/Mo

      Ground Floor Office Space Available

      Office space with easy access and natural light.
      333 Long Hill Rd, Groton, CT 06340
      View Details

    FAQs

    What type of property is this?
    Office units - Cozy commercial space suitable for personal service or office use.
    Where is this office units located?
    The property is located at 943 North Road Groton, CT.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Convenient location: Only one mile from I‑95 (Exit 88).; Versatile space: Suitable for personal service business or office use.; Includes a dedicated private bathroom within the unit.
    (860) 908-4705
    We can help!
    Listing Contact
    Heather Gianacoplos
    Real Estate License ID: RES.0800582
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    943 North Road, Groton, CT 06340
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!