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Property profile & analytics
FOR SALE
Investment properties
296 Mitchell St Groton, CT 06340
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0573870
For Sale
1 / 36
$575,000
296 Mitchell St, Groton, CT 06340
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Total area
5,355 SF
Lot
0.42 ac (18,295 SF)
Zoning code
FC
APN
GROT M:168807582607
UPID
US15-0573870
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
-
Southern Way Cafe Restaurant Take-out & Catering
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
Mitchell Street Partners · 9 yrs held
Mitchell Street Partners
since 2016
7 recorded transactions
Zoning & alternative use
FC · Groton, 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 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
$5,048
Tax year 2023
Assessed value
$195,650
Assessed 2023
Previous assessed
$195,650
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$52,570
Assessed improvement
$143,080
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1947
Heating
NONE
Buildings
2
Units
2
Total area
5,355 SF
Lot
0.42 ac (18,295 SF)
Zoning code
FC
APN
GROT M:168807582607
UPID
US15-0573870
Jurisdiction
GROTON
Zoning & alternative use
FC · Groton, CT
Zoning FC · permitted uses
FC · 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.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Buildings
2
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Mitchell Street Partners
Entity
Mailing address
294 MITCHELL ST, GROTON, CT 06340-4435
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jul 29, 2016
—
Mitchell Street Partners
Drowne,scott
Warranty Deed
related
$188,000 · Charter Oak FCU
Apr 1, 2015
—
Drowne,scott|orsini,mary A
Dime Bank
Warranty Deed
$195,000 · Other Institutional Lenders
Feb 7, 2012
—
Dime Bank
PC Real Est LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 10, 2010
—
PC Re LLC
—
Deed Of Trust
related
$22,400 · Louis Demicco
Jul 27, 2005
$375,000
PC Re LLC
Thomas Cataldi
Warranty Deed
$280,000 · Dime Svgs Bk Ofnorwch
Nov 25, 1996
—
Thomas Cataldi SR.
—
Deed Of Trust
related
$56,000 · Chelseagroton Savings Bank
May 19, 1993
—
Thomas Cataldi
—
Deed Of Trust
related
$25,000 · Chelseagroton Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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