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    Property profile & analytics

    124 Ft Hl Rd Groton, CT 06340-4335

    • Office buildings
    • 2,816 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Mar 08, 2024
    $315,000
    Location Intelligence
    Property ID
    US15-0122997
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SPIRITUAL COMPASS THERAPEUTIC SERVICES / Family Counselor
    • Cristina Connell, Ph.D., LCSW / Social Worker
    • Dr. Leon Harris - Acupuncture / Acupuncture Clinic
    • Tercentennial Legacy Playground / Playground

    Property Details for 124 Ft Hl Rd

    Year built
    1927
    Lot size
    0.35 lot acres
    Property size
    2,816 SF
    Zone code
    MVC
    Property type
    Office buildings
    APN
    GROT M:169808875879
    APU
    GROTM169808875879

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $240,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $295,000
      Mixed-Use
      $300,000
      Hospitality
      $295,000
      Educational
      $245,000
      Residential Income
      $275,000
      Energy
      $265,000
      Income-Based Land
      $275,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0268
    Latitude
    41.3468
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,594
    $103,488
    $25,872
    $129,360
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      918 SF

      243 Poquonnock Rd

      OFFICE BUILDING • 918 SF
      243 Poquonnock Rd, Groton, CT 06340-4411
      View Details
    • Value Estimation
      $390,000
      4,368 SF

      554 Long Hl Rd

      OFFICE BUILDING • 4,368 SF
      554 Long Hl Rd, Groton, CT 06340-4170
      View Details
    • Value Estimation
      $595,000
      35,212 SF

      1425 Gold Star Hwy

      OFFICE BUILDING • 35,212 SF
      1425 Gold Star Hwy, Groton, CT 06340-2719
      View Details
    • Value Estimation
      $210,000
      2,496 SF

      397 Long Hl Rd

      OFFICE BUILDING • 2,496 SF
      397 Long Hl Rd, Groton, CT 06340-3812
      View Details
    • Value Estimation
      $290,000
      3,552 SF

      925 Old Buddington Rd

      OFFICE BUILDING • 3,552 SF
      925 Old Buddington Rd, Groton, CT 06340-3293
      View Details
    • Value Estimation
      $350,000
      1,656 SF

      114 Poquonnock Rd

      OFFICE BUILDING • 1,656 SF
      114 Poquonnock Rd, Groton, CT 06340-4408
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      29,404 SF

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      View Details
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    • $12 SF/Yr
      5,363 SF

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      Groton Office Building For Lease

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    • $12 SF/Yr
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      Groton Executive Office Space

      Prime Groton location, 5,363 SF office/lab.
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      View Details
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    Groton, CT 06340-4335
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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
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