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Property profile & analytics
OFF-MARKET
Estimated value
$13,275,000
Apartment buildings
425 Drozdyk Dr Groton, CT 06340-4248
Individually Owned
32-yr Hold
Free & Clear
Property ID
US15-0529883
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Total area
125,275 SF
Lot
10 ac (435,600 SF)
Zoning code
RM
APN
GROT M:169918312741
UPID
US15-0529883
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
-
Solstice Senior Living at Groton Retirement Community
-
Christine M. Malcom, PT Physician
-
Janice A. Scott, PTA Medical Clinic
-
The Marketing Solution Marketing & Advertising
-
Brenda Hultgren Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.31M
Blend (final)
Blend
$13.28M
Owner & transaction history
Retirement Resi Groton · 32 yrs held
Retirement Resi Groton
since 1994
7 recorded transactions
Zoning & alternative use
RM · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.2M
+61.9%
Retail stores
$14.0M
+31.5%
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
APARTMENT HOUSE (5+ UNITS)
$10,620,000
Current use
OFFICE BUILDING
$17,190,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$13,960,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,565,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$13.28M
Range $11.95M – $14.60M · ±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
$106 / 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
$469,174
Tax year 2024
Assessed value
$16,888,900
Assessed 2024
Previous assessed
$16,888,900
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$7,248,738
Assessed improvement
$9,640,162
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Buildings
1
Stories
3
Units
164
Total area
125,275 SF
Lot
10 ac (435,600 SF)
Zoning code
RM
APN
GROT M:169918312741
UPID
US15-0529883
Jurisdiction
GROTON
Zoning & alternative use
RM · Groton, CT
Zoning RM · permitted uses
RM · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.6M
OFFICE BUILDING
Est. value
$17.2M
RETAIL STORES
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Heating
FORCED AIR
Stories
3
Buildings
1
Units
164
Lot
10 ac
Current owner
From public records · entity-resolved
Retirement Resi Groton
Individual
Free & Clear · 32 yrs held
Mailing address
PO BOX 5651, BISMARCK, ND 58506-5651
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 1996
—
Retirement Res Groton
—
Deed Of Trust
related
$6,000,000 · Ma Mutual Emp Cu
Apr 27, 1994
$160,000
Retirement Resi Groton
Dunn,michael B
Warranty Deed
—
Jul 27, 1990
$11,363,000
New England Sb
Boyer Napert
Grant Deed
—
Mar 13, 1989
—
Napert Boyer Ptnrshp
—
Deed Of Trust
related
$14,000,000 · Ne Federal Savings Bank
Mar 7, 1989
—
Napert Boyer Ptnrshp
—
Deed Of Trust
related
$650,000 · Norwich Savings Society
Mar 6, 1989
—
Napert Boyer Ptnrshp
—
Deed Of Trust
related
$8,800,000 · Connecticut Bank & Trust
Dec 20, 1988
—
Boyer Napert Ptnrshp
—
Deed Of Trust
related
$1,100,000 · Norwich Savings Society
Oct 24, 1988
—
Napert-boyer Ptnrship
—
Deed Of Trust
related
$300,000 · Ne Federal Savings Bank
Sep 1, 1988
—
Napert Boyer Ptnrshp
—
Deed Of Trust
related
$8,800,000 · Connecticut Bank & Trust
Jul 8, 1988
—
Boyer Napert Ptnrship
—
Deed Of Trust
related
$750,000 · Norwich Savings Society
May 6, 1988
—
Boyer Naper Ptnrshp
—
Deed Of Trust
related
$500,000 · Norwich Savings Society
Mar 8, 1988
—
Irving Napert
—
Deed Of Trust
related
$407,107 · Ne Federal Savings 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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