Add Listing
    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

    33 Central Ave, Unit 35 Groton, CT 06340

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo

    Four-room apartment with new flooring and ample parking.

    Lot size:
    0.21 Acres

    Property Features for 33 Central Ave

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1942

    We can help!

    Listing Contact
    Mary Nasi
    Source: Elliman

    Listing Agency: IMT Realty Listing Agent: Mary Nasi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cozy Apartment in Convenient Location

    This apartment features a total of four rooms, including two bedrooms, one full bathroom, and a combined living and eating area. The interior offers a clean aesthetic, creating a warm and cozy atmosphere. Situated within a large neighborhood, the location provides convenient access to restaurants, gas stations, and the town hall. The unit includes washer and dryer hookups and ample parking. Recent upgrades include brand new flooring throughout, fresh paint, and new blinds.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.026526
    Latitude
    41.343102

    Nearby Similar for Lease

    • New
      $3,200 /Mo
      2,000 SF

      Groton Office Space For Rent

      Ground floor office space with easy I-95 access.
      333 Long Hill Rd, Groton, CT 06340
      View Details
    • New
      $38 SF/Yr
      1,052 SF

      Downtown Mystic Commercial Space Available

      Commercial space in downtown Mystic with river views and parking.
      3 Water St, Groton, CT 06355
      View Details
    • New
      $1,250 /Mo
      850 SF

      Groton Commercial Space For Lease

      Spacious retail/office space in high-traffic Groton location.
      3175 Gold Star Hwy, Groton, CT 06355
      View Details
    • New
      $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
    • $1,000 /Mo
      700 SF

      Groton Commercial Space For Rent

      Cozy commercial space suitable for personal service or office use.
      943 North Rd, Groton, CT 06340
      View Details
    • New
      $3,200 /Mo
      2,000 SF

      Ground Floor Office Space Available

      Office space with easy access and ample natural light.
      333 Long Hill Rd, Groton, CT 06340
      View Details
    • $1,000 /Mo
      700 SF

      Versatile Office/Service Space Available

      Cozy, private-access space suitable for office or personal services.
      943 North Rd, Groton, CT 06340
      View Details
    • Contact for pricing
      29,404 SF

      Office Space in Kingsbridge Square

      Office space available for lease in Groton, Connecticut.
      475 Bridge St, 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 Rd, Groton, CT 06340
      View Details
    • Contact for pricing

      Groton Retail Space For Lease

      Retail space available in Groton, anchored by Big Y.
      955 Poquonnock Rd, Groton, CT 06340
      View Details
    • $2,950 /Mo
      500 SF

      Downtown Mystic Retail Space Available

      Customizable retail space in downtown Mystic with private bathroom.
      3 Pearl St, Groton, CT 06355
      View Details
    • $14 SF/Yr
      671 SF

      Groton Office Space For Lease

      671 SF office space with Thames River views.
      541 Eastern Point Rd, Groton, CT 06340
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-room apartment with new flooring and ample parking.
    Where is this multifamily property located?
    The property is located at 33 Central Ave, Unit 35 Groton, CT.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: - Convenient location: Close proximity to restaurants, gas stations, and town hall.; - Features **two bedrooms and one full bath**.; - Enjoy **new flooring throughout and freshly painted interiors.**
    (860) 908-6918
    Request Owner's contact information
    33 Central Ave, Unit 35 Groton, CT 06340
    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.
    33 Central Ave, Unit 35
    Groton, CT 06340
    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
    33 Central Ave, Unit 35 Groton, CT 06340
    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
    Mary Nasi
    Real Estate License ID: REB.0790230
    (860) 908-6918 (860) 213-8333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!