Property profile

392 Eastern Point Rd Groton, CT 06340

FOR LEASE
Retail space
Property ID
US15-0561647
6,137 SF 0.37 ac lot Built 1979
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 6,137 SF
Lot 0.37 ac (16,117 SF)
Zoning code R51
APN GROT M:168814449499
UPID US15-0561647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

392 Eastern Point Rd Groton, CT 06340
Groton metro Census 702500 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2020
Last sale
$516,000
7 recorded transactions
2021
Price N/A
2020
$516,000
2007
$1.0M
2007
$1.1M
2007
$1
2007
Price N/A
2003
Price N/A

Zoning & alternative use

R51 · Groton, CT
General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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