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Property profile & analytics
FOR SALE
Hotels
15 Elm St Groton, CT 06355
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-0411239
For Sale
1 / 40
$6,495,000
15 Elm St, Groton, CT 06355
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1860
Total area
10,335 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RS-12
APN
GROT M:261918206963
UPID
US15-0411239
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$500k
Owner & transaction history
Captains Mansion LLC · 3 yrs held
Captains Mansion LLC
since 2022
5 recorded transactions
Zoning & alternative use
RS-12 · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+151.9%
Industrial (general)
$780,000
+139.3%
Apartment house (5+ units)
$740,000
+127.1%
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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$325,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +152% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$780,000
Change: +139% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +101% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$48 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,181
Tax year 2023
Assessed value
$1,323,980
Assessed 2023
Previous assessed
$1,323,980
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$234,080
Assessed improvement
$1,089,900
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1860
Heating
SPACE
Buildings
1
Stories
3
Units
8
Rooms
30
Bathrooms
8
Total area
10,335 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RS-12
APN
GROT M:261918206963
UPID
US15-0411239
Jurisdiction
GROTON
Zoning & alternative use
RS-12 · Groton, CT
Zoning RS-12 · permitted uses
RS-12 · 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
HOTEL/MOTEL Current
Est. value
$325,000
COMMERCIAL (GENERAL)
Est. value
$820,000
INDUSTRIAL (GENERAL)
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
RETAIL STORES
Est. value
$660,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1860
Heating
SPACE
Stories
3
Buildings
1
Units
8
Rooms
30
Bathrooms
8
Lot
1.52 ac
Current owner
From public records · entity-resolved
Captains Mansion LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15 ELM ST, GROTON, CT 06340-5616
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$3,050,000
Captains Mansion LLC
Gates Realty Holdings LLC
Commissioners Deed
related
—
Jan 14, 2019
—
Gates Realty Holdings LLC
—
Deed
related
$450,000 · Timothy Owens
Jun 6, 2018
—
Gates Realty Holdings
—
Deed
related
$585,000 · Mmp Holdings LLC
Feb 13, 2013
—
Robert P Bankel
—
Deed Of Trust
related
$1 · Washington Trust Co
—
—
Gates Realty Holdings LLC
—
Deed Of Trust
related
$1,794,465 · Chelsea Groton Svgs 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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