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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Commercial real estate
35 Water St Mystic, CT 06355-2522
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0281287
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
1,890 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MDD
APN
GROT M:261806396586
UPID
US15-0281287
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
-
Bayside Diesel Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Water Street Re LLC
Water Street Re LLC
since 2025
Last sale
$3.1M
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
Method
Estimation
Statistic approach
$2,840,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±10% · vs last sale $3.10M (Aug 12 2022)
Last sale anchor
$3.10M
Aug 12 2022
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
$1,558 / 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
$22,915
Tax year 2024
Assessed value
$906,220
Assessed 2024
Previous assessed
$906,220
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$690,130
Assessed improvement
$216,090
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
2
Units
1
Total area
1,890 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MDD
APN
GROT M:261806396586
UPID
US15-0281287
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
1986
Heating
NONE
Buildings
2
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Water Street Re LLC
Entity
Free & Clear · 0 yrs held
Mailing address
26 UN ST, WATERBURY, VT 05676-1303
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$3,500,000
Water Street Re LLC
Hgl Marina LLC
Warranty Deed
—
Aug 12, 2022
$3,100,000
Hgl Marina LLC
Burnside LLC
Warranty Deed
—
Nov 4, 2016
—
Burnside LLC
—
Deed
related
$307,000 · Citizens Bk/ct
Apr 3, 2009
—
Jem Builders INC
—
Deed Of Trust
related
$100,000 · Chelseagroton Savings Bank
Jun 8, 2006
—
Burnside LLC
—
Deed Of Trust
related
$455,000 · Washington Trust Co
May 3, 2001
$510,000
Burnside LLC
Burnside,joyce I
Grant Deed
related
$100,000 · Chelseagroton Savings Bank
May 3, 2001
—
Burnside LLC
—
Deed Of Trust
related
$445,000 · Zenon Grzybowski
Apr 12, 1994
$65,000
Joyce I Burnside
Mcgugan,george M
Warranty Deed
$93,000 · Bank Of Mystic
—
—
Burnside LLC
—
Deed Of Trust
related
$307,000 · Citizens Bk/ct
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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