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Property profile & analytics
OFF-MARKET
Turn key restaurants
21 Main St Mystic, CT 06355-2545
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0245770
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Total area
3,060 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MDD
APN
GROT M:261918401886
UPID
US15-0245770
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
-
The Mariner Restaurant
-
Lighthouse Bakery Cafe & Coffee Shop
-
Rug Decor llc. (Bike/Boat/Book/etc) Store Carpet & Flooring Store
-
CTJustice of the Peace Marie Tyler Wiley Wedding Service
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
Shoreline 21 LLC · 1 yrs held
Shoreline 21 LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MDD · Mystic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mystic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mystic 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
$14,692
Tax year 2023
Assessed value
$604,450
Assessed 2023
Previous assessed
$604,450
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$237,720
Assessed improvement
$366,730
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
1965
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,060 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MDD
APN
GROT M:261918401886
UPID
US15-0245770
Jurisdiction
GROTON
Zoning & alternative use
MDD · Mystic, CT
Zoning MDD · permitted uses
MDD · Mystic, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mystic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Shoreline 21 LLC
Entity
Mailing address
2325 GOLD STAR HWY, MYSTIC, CT 06355-1019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$1,100,000
Shoreline 21 LLC
21 West Main LLC
Warranty Deed
$880,000 · Charter Oak FCU
May 16, 2016
—
Ravei LLC
—
Deed
related
$139,000 · State Of Connecticut
Nov 19, 2007
—
21 West Main LLC
—
Deed Of Trust
related
$710,000 · Ralph Carabetta
Jul 30, 2007
$1
21 West Main LLC
Carabetta,ralph
Warranty Deed
related
—
Jun 16, 2006
$785,000
Lawrence,state
Bannerstone LLC
Warranty Deed
—
Jul 8, 2005
$605,910
Ralph Carabetta
Broccoli,leroy
Warranty Deed
—
Oct 4, 2002
—
Bannerstone LLC
—
Deed Of Trust
related
$960,000 · Chelseagroton Savings Bank
May 30, 2001
—
Bannerstone LLC
—
Deed Of Trust
related
$284,000 · Peoples Bank
Oct 29, 1997
—
Leroy Broccoli
—
Deed Of Trust
related
$100,000 · Burt Lewis
Oct 20, 1995
$275,000
Bannerstone LLC
Howard,richard A
Grant Deed
—
Nov 18, 1993
—
Leroy Broccoli
—
Deed Of Trust
related
$155,000 · Bank Of Southeast Ct
Dec 28, 1988
$500,000
Leroy Broccoli
Topkin,edward
Trustees Deed
—
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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