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    Property profile & analytics

    283 Rte 12 Groton, CT 06340-2945

    • Turn key restaurants
    • 1,056 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US15-0700126
    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

    • Turn key restaurants

    Property Details for 283 Rte 12

    Year built
    1981
    Lot size
    0.37 lot acres
    Property size
    1,056 SF
    Zone code
    CR
    Property type
    Turn key restaurants
    APN
    GROT M:168911662238
    APU
    GROTM168911662238

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0715
    Latitude
    41.37
    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
    2023
    $4,735
    $148,750
    $34,790
    $183,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      33 Kings Hwy

      RESTAURANT • 4,100 SF
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      3,024 SF

      195 Rte 12

      RESTAURANT • 3,024 SF
      195 Rte 12, Groton, CT 06340-3432
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    • Value Estimation
      $630,000
      5,691 SF

      527 Long Hl Rd

      RESTAURANT • 5,691 SF
      527 Long Hl Rd, Groton, CT 06340-4134
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    • Value Estimation
      $405,000
      7,009 SF

      65 Marsh Rd

      RESTAURANT • 7,009 SF
      65 Marsh Rd, Groton, CT 06340-5619
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    • Value Estimation
      $250,000
      4,848 SF

      924 Rte 12

      RESTAURANT • 4,848 SF
      924 Rte 12, Groton, CT 06340-2418
      View Details

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      Land For Sale

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    Similar Nearby for Lease

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      Retail, restaurant, or medical space for lease.
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      Prime Retail Space Available, I-95 Access
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      5,550 SF retail space with high visibility available for lease.
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    • Contact for pricing
      1,757 SF

      Retail Space Anchored by Big Y

      Retail space available in Groton shopping center with improvements.
      985 Poquonnock Rd, Groton, CT 06340
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Groton Center

      Retail space available in shopping center anchored by Big Y.
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    • $17 SF/Yr
      14,355 SF

      Groton Retail Center - High Traffic

      Class A retail space, 7,177 sq ft available.
      721 Long Hill Rd, Groton, CT 06340
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    Property Visit Statistics

    • Visits by month
      15.9k
    • Visitors by month
      11.0k
    • Avg Time on site
      8 min
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    283 Rte 12
    Groton, CT 06340-2945
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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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