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Property profile & analytics
OFF-MARKET
Estimated value
$11,025,000
Apartment buildings
195 Michelle Ln Groton, CT 06340-4278
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0281445
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Total area
104,052 SF
Lot
27.36 ac (1,191,802 SF)
Zoning code
RM
APN
GROT M:169917201160
UPID
US15-0281445
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.89M
Blend (final)
Blend
$11.03M
Owner & transaction history
Elk La Triumphe LLC · 16 yrs held
Elk La Triumphe LLC
since 2009
2 recorded transactions
Zoning & alternative use
RM · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.3M
+61.9%
Retail stores
$11.6M
+31.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,820,000
Current use
OFFICE BUILDING
$14,275,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$11,595,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,775,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$11.03M
Range $9.92M – $12.13M · ±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
$106 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$603,594
Tax year 2024
Assessed value
$21,727,650
Assessed 2024
Previous assessed
$21,727,650
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$10,394,391
Assessed improvement
$11,333,259
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
6
Units
293
Total area
104,052 SF
Lot
27.36 ac (1,191,802 SF)
Zoning code
RM
APN
GROT M:169917201160
UPID
US15-0281445
Jurisdiction
GROTON
Zoning & alternative use
RM · Groton, CT
Zoning RM · permitted uses
RM · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.8M
OFFICE BUILDING
Est. value
$14.3M
RETAIL STORES
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Buildings
6
Units
293
Lot
27.36 ac
Current owner
From public records · entity-resolved
Elk La Triumphe LLC
Entity
Free & Clear · 16 yrs held
Mailing address
489 5TH AVE FL, NEW YORK, NY 10017-6109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2010
—
Elk La Triumphe LLC
—
Deed Of Trust
related
$13,200,000 · Deutsche Bank
Dec 30, 2009
$1
Elk La Triumphe LLC
Kalimian,elias
Grant Deed
related
—
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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