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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Commercial real estate
1023 Groton Long Pt Rd Groton, CT 06340-5606
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0646233
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
7,840 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R-20
APN
GROT M:260706488574
UPID
US15-0646233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Palmers Cove Marina Marina
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$1.30M
Owner & transaction history
1023 Groton Long Pt LLC · 1 yrs held
1023 Groton Long Pt LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R-20 · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+62.7%
Retail stores
$875,000
+32.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Groton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,075,000
Change: +63% · Conversion: Easy
RETAIL STORES
$875,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Oct 7 2024)
Last sale anchor
$1.30M
Oct 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,619
Tax year 2024
Assessed value
$837,130
Assessed 2024
Previous assessed
$837,130
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$432,488
Assessed improvement
$404,642
Applied tax rate
355.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
2
Units
2
Total area
7,840 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R-20
APN
GROT M:260706488574
UPID
US15-0646233
Jurisdiction
GROTON
Zoning & alternative use
R-20 · Groton, CT
Zoning R-20 · permitted uses
R-20 · Groton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$875,000
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Buildings
2
Units
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
1023 Groton Long Pt LLC
Entity
Mailing address
28 WELWYN RD, RIVERSIDE, CT 06878-2413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
$1,300,000
1023 Groton Long Pt LLC
Lockwood Palmer Cv Marina
Warranty Deed
—
Sep 5, 2017
$786,285
Lockwood Palmer Cv Mar
Marina On Palmer Cove
Warranty Deed
$1,450,000 · Dime Bank
Sep 2, 2011
—
Marina On Palmer Cove LLC
—
Deed Of Trust
related
$475,000 · Dime Savings Bank Norwich
Aug 7, 1998
$400,000
Marina Palmer Cove
Brown,david S
Warranty Deed
$815,000 · Chelseagroton Savings Bank
Aug 7, 1998
—
Marina Palmer Cove
—
Deed Of Trust
related
$100,000 · Chelseagroton Savings Bank
Jan 6, 1997
$95,000
David S Brown
Berggren,josephine R
Grant Deed
—
Mar 17, 1994
—
David S Brown
—
Deed Of Trust
related
$500,000 · Norwich Savings Society
May 2, 1991
—
Frederick Berggren
—
Deed Of Trust
related
$180,000 · Ct Natl Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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