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Property profile & analytics
OFF-MARKET Estimated value $510,000
Industrial properties

70 Brg St Groton, CT 06340-3661

5,960 SF 0.8 ac lot Built 1935
Individually Owned 3-yr Hold Free & Clear
Property ID
US15-0942408
Property summary
AI-generated overview

This exceptional 5,363-square-foot executive office space is ideally situated in Groton, Connecticut, offering unparalleled convenience with its close proximity to I-95 and Electric Boat. The building, constructed in 2004, boasts a two-story design encompassing approximately 4,000 square feet of adaptable office space. This area features a flexible open floor plan, complemented by several glass-enclosed cubicles, and a welcoming lobby/reception area. A significant advantage is the inclusion of 1,363 square feet of dedicated lab space, fully equipped with a fume hood, drop ceiling, lab benches, and a full lab sink. The property sits on a 0.8-acre lot, providing ample on-site parking for tenants and visitors. The building is equipped with a robust security system and benefits from 400-amp, 3-phase power, ensuring reliable operation for various business needs. The entire 5,363 square feet is currently vacant and available for lease, offering a unique opportunity for a single tenant or the possibility of subdivision to accommodate multiple occupants. This property presents a rare combination of office and lab space in a highly desirable location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1935
Total area 5,960 SF
Lot 0.8 ac (34,848 SF)
Zoning code GC
APN GROT M:168914333728
UPID US15-0942408
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
  • Kmk Construction Construction Company General Contractor
  • Kevin Davis Insurance Services Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$480k
Blend (final) Blend
$510k
Owner & transaction history
Gregory Lavelle · 3 yrs held
Gregory Lavelle
since 2022
3 recorded transactions
2022
$262,500
2003
$94,140
1999
Price N/A
Zoning & alternative use
GC · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name General Commercial
General category COMMERCIAL
Zone area 68.84 ac
Source Realmo
Top alternative use upside
Office building $820,000 +124.5%
Retail stores $665,000 +82.3%
Apartment house (5+ units) $505,000 +38.7%
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