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Financial
Distress signals
Property profile

3 Water St Mystic, CT 06355

OFF-MARKET
Office buildings
Property ID
US15-0003135
5,678 SF Built 2020
Last sale Aug 2023 · $630,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial space is located in downtown Mystic, within a luxury mixed-use building, on the first floor of The Standard. The space is approximately 1,052 square feet and historically configured as a restaurant, with the physical layout allowing use as offices or a retail store. Mechanical ventilation includes a Type 2 hood installation, with no Type 1 hood option noted. The unit includes a large deck with views of the Mystic River. The property sits on a 0.31-acre lot and is in Groton,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$18k
Tax billed · 2024
Assessed value$695k
Assessed land$208k
Assessed improvement$486k
Effective rate2.53%

Value estimate

· Oct 2026
$1.33M
$1.19M – $1.46M
AI approach$1.35M
Submarket $/SF estimate$1.16M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$137/SF
County average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$62 – $204

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MDD
JurisdictionGROTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.9
HVAC Service9.0
Daycare Center8.9

Location

3 Water St Mystic, CT 06355-3518
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 12 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
1 Water, Mystic, CT 06355-2507 $1,346,500 May 2023 4,110 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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