Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
13 Water St Mystic, CT 06355-2567
Individually Owned
14-yr Hold
Free & Clear
Property ID
US15-0227918
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1902
Total area
3,709 SF
Lot
0.19 ac (8,276 SF)
Zoning code
MDD
APN
GROT M:261918306235
UPID
US15-0227918
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
-
The Treehouse Oyster Club Restaurant
-
Oyster Club Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ledge Real Est Mystic · 14 yrs held
Ledge Real Est Mystic
since 2012
7 recorded transactions
Zoning & alternative use
MDD · Mystic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mystic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mystic 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,573
Tax year 2023
Assessed value
$640,710
Assessed 2023
Previous assessed
$640,710
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$198,660
Assessed improvement
$442,050
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1902
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
3,709 SF
Lot
0.19 ac (8,276 SF)
Zoning code
MDD
APN
GROT M:261918306235
UPID
US15-0227918
Jurisdiction
GROTON
Zoning & alternative use
MDD · Mystic, CT
Zoning MDD · permitted uses
MDD · Mystic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mystic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1902
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Ledge Real Est Mystic
Individual
Free & Clear · 14 yrs held
Mailing address
6 SADDLE ROCK LN, LOGANTON, PA 17747-9039
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2012
$1
Ledge Real Est Mystic
Mystic Ledge Real Est
Grant Deed
related
—
Jul 6, 2011
$475,000
Mystic Ledge Re LLC
Ppf Realty LLC
Warranty Deed
$400,000 · Chelseagroton Svgs Bk
May 4, 2007
$550,000
Ppf Realty
Tapley Investments Co
Warranty Deed
—
May 4, 2007
$1
Ppf Realty
Tapley Investments Co
Grant Deed
related
—
Mar 26, 1996
$160,000
Assoc Master Ptn Clift
Smith,francis J
Warranty Deed
$128,000 · Norwich Savings Society
Mar 26, 1996
$155,000
Francis J Smith
Seeman,susan
Warranty Deed
—
Dec 29, 1995
$155,000
Francis J Smith
Seeman,susan
Warranty Deed
—
Dec 21, 1992
$140,000
Susan Seeman
Seeman,manfred
Warranty Deed
related
$140,000 · Zenon Grzybowski
Apr 10, 1989
$275,000
Manfred Seeman
Lebovitz,kevin
Grant Deed
—
Apr 8, 1988
—
Kenneth Lebovitz
—
Deed Of Trust
related
$175,000 · Omni Bank
Dec 14, 1987
—
Kevin Lebonitz
—
Deed Of Trust
related
$12,610 · Stonington Comm Cu
Apr 15, 1987
$235,000
Clift Associates
Costa,rose S
Grant Deed
$225,000 · Connecticut National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 13 Water St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
