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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Apartment buildings
107 Benham Rd Groton, CT 06340-4966
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US15-0348871
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
4,884 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R52
APN
GROT M:168811575130
UPID
US15-0348871
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$890k
Owner & transaction history
107 Benham LLC · 4 yrs held
107 Benham LLC
since 2022
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
R52 · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$670,000
+61.9%
Retail stores
$545,000
+31.5%
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
$825,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$545,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $900k (Feb 17 2022)
Last sale anchor
$900k
Feb 17 2022
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
$182 / 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
$29,181
Tax year 2024
Assessed value
$1,085,210
Assessed 2024
Previous assessed
$1,085,210
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$517,153
Assessed improvement
$568,057
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
HOT WATER
Buildings
1
Stories
2
Units
22
Bathrooms
22
Total area
4,884 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R52
APN
GROT M:168811575130
UPID
US15-0348871
Jurisdiction
GROTON
Zoning & alternative use
R52 · Groton, CT
Zoning R52 · permitted uses
R52 · 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
$670,000
RETAIL STORES
Est. value
$545,000
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
1965
Heating
HOT WATER
Stories
2
Buildings
1
Units
22
Bathrooms
22
Lot
0.23 ac
Current owner
From public records · entity-resolved
107 Benham LLC
Entity
Mailing address
2 CORPORATE DR STE #945, SHELTON, CT 06484-6213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
—
107 Benham LLC
—
Deed
related
$1,425,000 · Habib American Bank
Feb 17, 2022
$900,000
107 Benham LLC
Kr 2 LLC
Warranty Deed
$970,000 · Provost Capital LLC
May 15, 2008
$1
Kr 2 LLC
Eastern Pt Efficienci LLC
Warranty Deed
related
—
Jan 21, 2004
$1,100,000
Benham Assoc LLC
Stone,john
Warranty Deed
$440,000 · Chelseagroton Savings Bank
Feb 21, 1992
—
John Stone
—
Deed Of Trust
related
$38,000 · Charter Oak FCU
Dec 4, 1987
$550,000
John Stone
Orbe,john
Grant Deed
$412,500 · Electric Boat FCU
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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