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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
37 Hamilton Ave Groton, CT 06340-4472
Individually Owned
4-yr Hold
Property ID
US15-0947503
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1918
Total area
4,464 SF
Lot
0.32 ac (13,939 SF)
Zoning code
FC
APN
GROT M:168806485305
UPID
US15-0947503
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
-
Trinity Hostess LLC Hotel & Motel Bed & Breakfast
-
Cambra Commercial Consulting, CCC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Mitchell A Bovarnick · 4 yrs held
Mitchell A Bovarnick
since 2021
Last sale
$551,000
7 recorded transactions
Zoning & alternative use
FC · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+62.7%
Retail stores
$495,000
+32.1%
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
Method
Estimation
Statistic approach
$520,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$375,000
Current use
OFFICE BUILDING
$615,000
Change: +63% · Conversion: Easy
RETAIL STORES
$495,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $551k (Jul 26 2021)
Last sale anchor
$551k
Jul 26 2021
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
$121 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,864
Tax year 2023
Assessed value
$227,290
Assessed 2023
Previous assessed
$227,290
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$61,460
Assessed improvement
$165,830
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
Off-Market
Year built
1918
Heating
HOT WATER
Buildings
1
Stories
1
Units
6
Total area
4,464 SF
Lot
0.32 ac (13,939 SF)
Zoning code
FC
APN
GROT M:168806485305
UPID
US15-0947503
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$375,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES
Est. value
$495,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1918
Heating
HOT WATER
Stories
1
Buildings
1
Units
6
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mitchell A Bovarnick
Individual
Mailing address
PO BOX 554, OLD MYSTIC, CT 06372-0554
Ownership since
2021
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 26, 2021
$551,000
Mitchell A Bovarnick
Mgbi Investments LLC
Warranty Deed
$440,800 · Westerly Community Cu
Feb 24, 2021
—
Mgbi Investments LLC
—
Deed
related
$272,013 · Benjamin Steinman
Jan 16, 2018
—
Mgb 1 Investments LLC
—
Deed
related
$276,250 · Chelsea Groton Bank
Jul 25, 2016
—
Bsteins Future LLC
Billias,george
Quit Claim Deed
related
—
May 31, 2016
$82,799
George Billias
Hsbc Bank USA NA
Warranty Deed
—
Feb 26, 2016
—
Hsbc Bank USA NA Tr
Hsbc Bank USA NA Trust|moore,eric
Foreclosure
related
—
—
—
Mgb 1 Investments LLC
—
Deed Of Trust
related
$276,250 · Chelsea Groton 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.
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