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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Hotels
625 Nn Rd Groton, CT 06340-3212
Entity Owned
26-yr Hold
Free & Clear
Property ID
US15-0838053
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
231,514 SF
Lot
9.33 ac (406,415 SF)
Zoning code
IM
APN
GROT M:169916940668 L:00A1
UPID
US15-0838053
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
$5.62M
Owner & transaction history
Exit 88 LLC · 26 yrs held
Exit 88 LLC
since 1999
7 recorded transactions
Zoning & alternative use
IM · 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
HOTEL/MOTEL
$7,315,000
Current use
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±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
$24 / 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
$480,835
Tax year 2023
Assessed value
$17,658,270
Assessed 2023
Previous assessed
$17,658,270
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,155,230
Assessed improvement
$15,503,040
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Buildings
1
Stories
6
Units
285
Total area
231,514 SF
Lot
9.33 ac (406,415 SF)
Zoning code
IM
APN
GROT M:169916940668 L:00A1
UPID
US15-0838053
Jurisdiction
GROTON
Zoning & alternative use
IM · Groton, CT
Zoning IM · permitted uses
IM · 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
HOTEL/MOTEL Current
Est. value
$7.3M
HOTEL/MOTEL Current
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
2001
Heating
HEAT PUMP
Stories
6
Buildings
1
Units
285
Lot
9.33 ac
Current owner
From public records · entity-resolved
Exit 88 LLC
Entity
Free & Clear · 26 yrs held
Mailing address
44 HERSHA DR, HARRISBURG, PA 17102-2241
Ownership since
1999
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
Jul 19, 2007
—
Exit 88 Hotel
—
Deed Of Trust
related
$43,000,000 · Capmark Bank
Nov 8, 1999
—
Exit 88 Hotel LLC
—
Deed Of Trust
related
$25,970,000 · Peoples Bank
Aug 4, 1999
$275,000
Exit 88 LLC
117 Ptnrs
Warranty Deed
—
Aug 4, 1999
$125,000
Exit 88 LLC
117 Ptnrs
Warranty Deed
—
Aug 4, 1999
$1,007,200
Exit 88 LLC
Suite 88 LLC
Warranty Deed
—
Aug 4, 1999
$542,000
Exit 88 LLC
Downes Patterson Corp
Warranty Deed
—
Apr 12, 1995
$80,000
117 Partners
Hickory Hollow Assoc
Warranty Deed
—
Mar 17, 1994
$60,000
117 Prtnrs
Phellps,eugene S 3rd
Warranty Deed
—
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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