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Property profile & analytics
OFF-MARKET
Turn key restaurants
208 Thames St Groton, CT 06340
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-1291295
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
5,682 SF
Lot
0.07 ac (3,049 SF)
Zoning code
WBR
APN
GROT M:168918219501
UPID
US15-1291295
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fengari LLC · 6 yrs held
Fengari LLC
since 2019
7 recorded transactions
Zoning & alternative use
WBR · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Waterfront Business And Residence
General category
COMMERCIAL
Zone area
28.58 ac
Source
Realmo
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
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
$3,711
Tax year 2023
Assessed value
$143,850
Assessed 2023
Previous assessed
$143,850
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$108,570
Assessed improvement
$35,280
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
1920
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Bathrooms
2
Total area
5,682 SF
Lot
0.07 ac (3,049 SF)
Zoning code
WBR
APN
GROT M:168918219501
UPID
US15-1291295
Jurisdiction
GROTON
Zoning & alternative use
WBR · Groton, CTZoning WBR · permitted uses
WBR · Groton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Waterfront Business And Residence
General category
COMMERCIAL
Zone area
28.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Fengari LLC
Entity
Mailing address
193 THAMES ST, GROTON, CT 06340-3630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2019
—
Fengari LLC
208 Thames LLC
Quit Claim Deed
related
—
Aug 4, 2017
—
208 Thames LLC
Nautilus Funding INC
Quit Claim Deed
related
—
Jul 25, 2017
—
Nautilus Funding INC
—
Deed
related
$950,000 · Northborough Cap LLC
Apr 1, 2011
—
Nautilus Funding INC
—
Deed Of Trust
related
$300,000 · Northborough Capital Partners
Jun 10, 1998
$110,000
Nautilus Funding INC
Carrigan,stanley T
Warranty Deed
related
—
Sep 19, 1995
$36,000
Stanley T Carrigan
Labombard,mary
Warranty Deed
—
—
—
Nautilus Funding INC
—
Deed Of Trust
related
$950,000 · Northborough Cap LLC
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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