Back to Search
Property profile & analytics
FOR SALE
Retail properties & Spaces
785 Long Hill Rd Groton, CT 06340
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0418693
For Sale
1 / 2
$1,400,000
785 Long Hill Rd, Groton, CT 06340
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1955
Total area
9,780 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MTC
APN
GROT M:169805182073
UPID
US15-0418693
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
-
Ron's Guitars (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$595k
Owner & transaction history
Apicrelli Lic · 23 yrs held
Apicrelli Lic
since 2003
7 recorded transactions
Zoning & alternative use
MTC · 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
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$61 / 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
$14,411
Tax year 2024
Assessed value
$518,770
Assessed 2024
Previous assessed
$518,770
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$268,282
Assessed improvement
$250,488
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1955
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Bathrooms
2
Total area
9,780 SF
Lot
0.53 ac (23,087 SF)
Zoning code
MTC
APN
GROT M:169805182073
UPID
US15-0418693
Jurisdiction
GROTON
Zoning & alternative use
MTC · Groton, CT
Zoning MTC · permitted uses
MTC · 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
1955
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Apicrelli Lic
Individual
Mailing address
10 WESTWOOD DR, WATERFORD, CT 06385-3824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2004
—
Apicelli LLC
—
Deed Of Trust
related
$23,300 · Savings Institute
Jan 24, 2003
$535,000
Apicrelli Lic
Gunn,gilman JR
Warranty Deed
$428,000 · Savings Institute
Aug 2, 2000
—
Gilman C Gunn JR.
—
Deed Of Trust
related
$18,000 · Chelseagroton Savings Bank
Apr 4, 2000
$235,000
Gilman C Gunn JR.
Gunn,leonard W
Grant Deed
related
$235,000 · Chelseagroton Savings Bank
Aug 21, 1992
$595,000
Gilman Gunn JR.
Breezy Hill Assoc
Warranty Deed
—
Nov 2, 1987
$800,000
Breezy Hill Assoc
Gunn,gilman JR
Grant Deed
$557,000 · Zenon Grzybowski
—
—
Apicelli LLC
—
Deed Of Trust
related
$340,000 · Savings Institute
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
