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Property profile & analytics
FOR LEASE
Retail space
392 Eastern Point Rd Groton, CT 06340
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0561647
For Lease
1 / 18
$2,250/Mo
392 Eastern Point Rd, Groton, CT 06340
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
M & M Realty Group LLC · 5 yrs held
M & M Realty Group LLC
since 2020
Last sale
$516,000
7 recorded transactions
Zoning & alternative use
R51 · 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
$5,293
Tax year 2023
Assessed value
$205,170
Assessed 2023
Previous assessed
$205,170
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$191,660
Assessed improvement
$13,510
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1979
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
6,137 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R51
APN
GROT M:168814449499
UPID
US15-0561647
Jurisdiction
GROTON
Zoning & alternative use
R51 · Groton, CT
Zoning R51 · permitted uses
R51 · 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
1979
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
M & M Realty Group LLC
Entity
Mailing address
708 WASHINGTON ST, MIDDLETOWN, CT 06457-2945
Ownership since
2020
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
Feb 2, 2021
—
M&m Realty Group LLC
—
Deed
related
$920,000 · Berkshire Bank
Oct 13, 2020
$516,000
M & M Realty Group LLC
K Brothers LLC
Warranty Deed
$920,000 · Cco LLC
Mar 30, 2007
$1,000,000
Khalid Investment Grp
534 E Middle Turnpike
Warranty Deed
—
Mar 30, 2007
$1,100,000
Khalid Investment Grp
Alter,peter J
Warranty Deed
—
Mar 30, 2007
$1
534 East Middle Tpke
2 Shennecossett Road
Grant Deed
related
—
Mar 30, 2007
—
Khalid Investment Grp
—
Deed Of Trust
related
$664,000 · Sovereign Bank
Dec 16, 2003
—
Leon Lech
—
Deed Of Trust
related
$430,000 · Dime Savings Bank Norwich
Jun 20, 1997
—
Leon C Lech Irt
—
Deed Of Trust
related
$500,000 · Chelseagroton Savings Bank
Apr 28, 1997
—
Karen Oneilleach
—
Deed Of Trust
related
$3,000,000 · Citizens Bank Of Ri
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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