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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Banks
597 Long Hl Rd Groton, CT 06340-4134
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0292765
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Total area
3,244 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CN
APN
GROT M:168808999424
UPID
US15-0292765
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
-
Liberty Bank Loan Service Bank
-
Raymond James Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Ct Spartans LLC · 4 yrs held
Ct Spartans LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CN · 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
$1,465,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.60M (Jun 17 2022)
Last sale anchor
$1.60M
Jun 17 2022
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
$470 / 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
$20,820
Tax year 2023
Assessed value
$764,610
Assessed 2023
Previous assessed
$764,610
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$181,720
Assessed improvement
$582,890
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,244 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CN
APN
GROT M:168808999424
UPID
US15-0292765
Jurisdiction
GROTON
Zoning & alternative use
CN · Groton, CT
Zoning CN · permitted uses
CN · 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
2004
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Ct Spartans LLC
Entity
Free & Clear · 4 yrs held
Mailing address
597 LONG HL RD, GROTON, CT 06340-4134
Ownership since
2022
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
Jun 17, 2022
$1,600,000
Ct Spartans LLC
Libby Hill LLC
Warranty Deed
—
Apr 8, 2011
$1,100,000
Libby Hill LLC
Liberty Groton LLC
Warranty Deed
—
Mar 30, 2005
$2,200,000
Liberty Groton LLC
597 Long Hill Groton LLC
Warranty Deed
$750,000 · New York Community Bank
Aug 28, 1996
—
Bc New York LLC
—
Deed Of Trust
related
$7,000,000 · Worth Funding INC
Sep 27, 1995
$700,000
Bc Re Inv INC
Atlantic Foods LP
Warranty Deed
—
Mar 21, 1995
$450,000
Atlantic Foods LP
Papa Ginos INC
Warranty Deed
—
Mar 31, 1994
—
Papa Ginos INC
—
Deed Of Trust
related
$874,693 · Berkshire Fund LP
Mar 10, 1992
$435,000
Papa Ginos Acquisition
Papa Ginos Of America
Warranty Deed
related
—
Mar 15, 1990
—
Papa Ginos Of America
—
Deed Of Trust
related
$1,989,000 · State Street Bank & Trust Co
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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