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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Automotive properties
421 Rte 12 Groton, CT 06340-2948
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-0465315
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1981
Total area
17,946 SF
Lot
5.6 ac (243,936 SF)
Zoning code
CR
APN
GROT M:168907574786
UPID
US15-0465315
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
$1.26M
Owner & transaction history
Ocean State Hldg Of Groto · 4 yrs held
Ocean State Hldg Of Groto
since 2021
7 recorded transactions
Zoning & alternative use
CR · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,985,000
Current use
RESTAURANT
$1,710,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10%
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
$70 / 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
$47,946
Tax year 2023
Assessed value
$1,858,360
Assessed 2023
Previous assessed
$1,858,360
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$970,620
Assessed improvement
$887,740
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
17,946 SF
Lot
5.6 ac (243,936 SF)
Zoning code
CR
APN
GROT M:168907574786
UPID
US15-0465315
Jurisdiction
GROTON
Zoning & alternative use
CR · Groton, CT
Zoning CR · permitted uses
CR · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
1981
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
5.6 ac
Current owner
From public records · entity-resolved
Ocean State Hldg Of Groto
Individual
Free & Clear · 4 yrs held
Mailing address
375 COMMERCE PARK RD, NORTH KINGSTOWN, RI 02852-8420
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Ocean State Hldg Of Groto
—
Deed
related
$4,125,000 · Bank Of America NA
Nov 22, 2023
—
Ocean State Hldg Of Groto
—
Deed
related
$5,338,750 · Bank Of America NA
Dec 3, 2021
—
Ocean State Hldg Of Groto
Cantonino LLC
Quit Claim Deed
—
Jan 2, 2015
—
531 Auto Realty LLC
Antonino,leo
Warranty Deed
related
—
Nov 6, 2013
—
40 Antonino Road LLC
Antonino,leo
Quit Claim Deed
related
—
Mar 1, 1990
$53,500
Leo Antonio
Windsor Plaza INC
Grant Deed
—
Sep 22, 1988
—
Auto World Enterprises
—
Deed Of Trust
related
$4,200,000 · Webster Bank
May 15, 1987
—
Auto World Enterprise
—
Deed Of Trust
related
$200,000 · Citytrust
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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