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721 Long Hill Rd, Groton, CT 06340
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Property summary
AI-generated overview
This exceptional Class A retail property, located at 721 Long Hill Rd in Groton, offers 14,355 total square feet across three suites. Currently, 7,177 square feet are available, divisible into spaces as small as 3,175 square feet, with a maximum contiguous space of 7,177 square feet. The building, constructed in 1978 and extensively renovated in 2022, sits on a 1.77-acre lot (77,164 square feet) and boasts 52 parking spaces for ample customer convenience. The property benefits from excellent visibility and accessibility, with direct frontage on Drozdyk Dr. It's strategically located in a high-traffic area, experiencing approximately 20,000 cars daily. The property is zoned for retail use and features electric and propane power. Property taxes are $1.80 per square foot. The building is anchored by O'Reilly Auto Parts, providing strong synergy and attracting a substantial customer base. This is a prime opportunity for businesses seeking a well-maintained, high-visibility location in a thriving retail market. The single-story building offers a convenient and efficient layout.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1979
Total area
14,288 SF
Lot
1.78 ac (77,537 SF)
Zoning code
MTC
APN
GROT M:169805088408
UPID
US15-0749879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$855k
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
MTC · Groton, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$855k
Value range
$770k – $941k
±10% around blend
Estimated value / SF
$60 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$770k
blend $855k
$941k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,288 SF
Lot area
1.78 ac
Year built
1979
Stories
1
APN
GROT M:169805088408
Zoning
MTC
Assessed value
$784,700
Annual tax
$21,799
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$799k
Range $494k – $1.45M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$855k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 26 sales
$111
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $60/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$785k
Move the market yield to see immediate price impact.
Value / SF
$55
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$49k
$989k
$706k
$549k
$55k
$1.10M
$785k
$610k
$60k
$1.21M
$863k
$671k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,799
Tax year 2024
Assessed value
$784,700
Assessed 2024
Previous assessed
$784,700
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$571,207
Assessed improvement
$213,493
Applied tax rate
355.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1979
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
14,288 SF
Lot
1.78 ac (77,537 SF)
Zoning code
MTC
APN
GROT M:169805088408
UPID
US15-0749879
Jurisdiction
GROTON
Zoning & alternative use
MTC · Groton, CTZoning MTC · permitted uses
MTC · Groton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MTC
Jurisdiction
Groton, CT
Recorded code
MTC
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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