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Property profile & analytics
OFF-MARKET Estimated value $505,000
Investment properties

18 Thames St Groton, CT 06340-3629

8,928 SF 0.46 ac lot Built 1931
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-1208082
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1931
Total area 8,928 SF
Lot 0.46 ac (19,820 SF)
Zoning code GC
APN GROT M:168914330372
UPID US15-1208082
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
  • New England Adolescent Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$500k
Blend (final) Blend
$505k
Owner & transaction history
Melody Kodra Ent LLC · 1 yrs held
Melody Kodra Ent LLC
since 2025
Last sale
$510,000
3 recorded transactions
2025
$510,000
2025
Price N/A
2018
Price N/A
Zoning & alternative use
GC · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $755,000 +0.5%
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