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    Property profile & analytics

    18 Thames St Groton, CT 06340-3629

    • Investment properties
    • 8,928 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Last Sale
    Feb 13, 2025
    $510,000
    Location Intelligence
    Property ID
    US15-1208082
    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

    • New England Adolescent Center / Non-Profit Organization

    Property Details for 18 Thames St

    Year built
    1931
    Lot size
    0.46 lot acres
    Property size
    8,928 SF
    Zone code
    GC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    GROT M:168914330372
    APU
    GROTM168914330372

    Description

    This exceptional 11,000-square-foot free-standing building at 18 Thames Street in Groton, Connecticut, presents a unique investment opportunity. Situated on a 0.46-acre lot, this two-story structure, built in 1931, offers versatile space ideal for a variety of uses, including office, industrial, or restaurant. Currently vacant, the entire 11,000 square feet is available for lease. The property is zoned GC and features ample parking in a dedicated lot. The building is slated for a complete refurbishment, including the installation of a new elevator. Significant improvements are planned, encompassing landscaping enhancements and the creation of a new parking area. This presents a rare chance to secure a property with waterfront views, perfectly suited for a restaurant with patio seating, or a business seeking a prominent location in Groton. The owner is open to build-to-suit options for long-term lease agreements, making this an adaptable space to meet specific tenant needs. The property's prime location and upcoming renovations make it an attractive prospect for discerning businesses seeking a high-visibility presence in a thriving community. Don't miss this chance to secure a remarkable commercial property in Groton, CT.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $550,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $470,000
      Mixed-Use
      $450,000
      Hospitality
      $490,000
      Educational
      $475,000
      Residential Income
      $500,000
      Energy
      $435,000
      Income-Based Land
      $560,000
      Food Service
      $575,000

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0832
    Latitude
    41.362
    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
    $6,840
    $184,457
    $69,923
    $254,380
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      126 Poquonnock Rd

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      View Details
    • Value Estimation
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      2,754 SF

      165 Broad St

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      View Details

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    18 Thames St
    Groton, CT 06340-3629
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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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