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    943 North Rd Groton, CT 06340

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    For Sale
    $595,000

    4,368 SF office building with long-term tenants and strong cashflow.

    Lot size:
    1.72 Acres

    Property Features for 943 North Rd

    General Information

    Lot size
    1.72 Acres

    Building Details

    Year built
    1986

    Source: Rodgers Realty Group, LLC Agent Jonathan Rodgers

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

    Overview

    Groton Office Building For Sale

    This 4,368 square-foot wood-framed office building is located on Route 117 in Groton, less than a mile from I95, Exit 88. The property features 19 off-street parking spaces and is fully leased with four tenants. The location is close to Electric Boat, Pfizer, and the Naval Sub Base. The zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014, including a new roof, HVAC, and electric system. Each office tenant has private bathrooms. The property offers excellent cash flow with long-term tenants and an exceptional cap rate of 8.86%. There is no deferred maintenance.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store 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
    -72.026087
    Latitude
    41.377297

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    FAQs

    What type of property is this?
    Office building - 4,368 SF office building with long-term tenants and strong cashflow.
    Where is this office building located?
    The property is located at 943 North Rd Groton, CT.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Exceptional 8.86% Cap Rate; - Fully Leased with Long-Term Tenants, Providing Excellent Cash Flow; - Recently Renovated (2014) with New Roof, HVAC, and Electric
    (860) 536-4829
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    Realmo Value Estimation

    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.

    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.

    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
    943 North Rd Groton, CT 06340
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