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    985 Poquonnock Rd Groton, CT 06340
    Property profile & analytics

    985 Poquonnock Rd Groton, CT 06340

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    • Retail space
    • 6,340 SF
    • 0.98 lot acres
    For Lease
    $700,000
    View Listing →
    Retail Space Anchored by Big Y For Lease
    $700,000
    1,757 SF

    Retail Space Anchored by Big Y

    Retail space available in Groton shopping center with improvements.

    985 Poquonnock Rd, Groton, CT
    View Listing
    Property ID
    US15-0544439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Great Clips / Hair Salon
    • GameStop / Electronics & Wireless Store
    • CBD American Shaman Groton CT / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 985 Poquonnock Rd

    Year built
    2008
    Lot size
    0.98 lot acres
    Property size
    6,340 SF
    Zone code
    MTC
    Property type
    Retail space
    APN
    GROT M:169806275577
    APU
    GROTM169806275577

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $643,000
      Market price range: $219k - $643k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $705,000
      Current use
      OFFICE BUILDING
      $870,000
      Change: +23% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -72.0487
    Latitude
    41.346
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,089
    $421,960
    $425,950
    $847,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,935,000
      33,900 SF

      266 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 33,900 SF
      266 Brg St, Groton, CT 06340-3739
      View Details
    • Value Estimation by Request
      2,388 SF

      1294 Pleasant Vly N Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,388 SF
      1294 Pleasant Vly N Rd, Groton, CT 06340
      View Details
    • Value Estimation by Request
      2,040 SF

      141 Poquonnock Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      141 Poquonnock Rd, Groton, CT 06340-4407
      View Details
    • Value Estimation by Request
      798 SF

      564 Thames St

      RETAIL STORES (PERSONAL SERVICES) • 798 SF
      564 Thames St, Groton, CT 06340-3946
      View Details
    • Value Estimation by Request
      1,727 SF

      399 Benham Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,727 SF
      399 Benham Rd, Groton, CT 06340-5131
      View Details
    • Value Estimation by Request
      696 SF

      100 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 696 SF
      100 Frnt St, Groton, CT 06340
      View Details

    Similar Nearby for Sale

    • $360,000

      Mixed-Use Corner Lot Opportunity

      Corner lot with two buildings in mixed-use village center.
      48 Fort Hill Rd, Groton, CT 06340
      View Details
    • Contact for pricing

      Fully Occupied Groton Shopping Center

      Fully occupied shopping center with stable cash flow and zero vacancy.
      1303-1313 Gold Star Hwy, Groton, CT 06340
      View Details
    • $360,000
      4,282 SF

      Mixed-Use Corner Lot Opportunity

      Two buildings on a corner lot in a mixed-use zone.
      48 Fort Hill Rd, Groton, CT 06340
      View Details
    • $349,000
      2,471 SF

      Groton Commercial Building For Sale

      2,471 sq ft commercial building in Groton's Five Corners.
      49 Poquonnock Rd, Groton, CT 06340
      View Details
    • $3,600,000

      Fully Occupied Groton Shopping Center

      Shopping center with zero vacancy and stable cash flow.
      1303 Gold Star Hwy, Groton, CT 06340
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo
      3,000 SF

      Retail/Restaurant/Medical Space Available

      Retail, restaurant, or medical space for lease.
      392 Eastern Point Rd, Groton, CT 06340
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Groton Center

      Retail space available in shopping center anchored by Big Y.
      925-995 Poquonnock Rd, Groton, CT 06340
      View Details
    • $2,500 /Mo
      2,471 SF

      Groton Commercial Building For Lease

      2,471 sq ft commercial building in Groton's Five Corners.
      49 Poquonnock Rd, Groton, CT 06340
      View Details
    • Contact for pricing

      Retail Space in Groton, CT

      Retail space available for lease in Groton, Connecticut.
      441 Long Hill Rd, Groton, CT 06340
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, featuring 30,000 SqFt.
      646–720 Long Hl Rd, Groton, CT 06340
      View Details

    Property Visit Statistics

    • Visits by month
      27.9k
    • Visitors by month
      15.5k
    • Avg Time on site
      12 min
    View Listing
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    Groton, CT 06340
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    985 Poquonnock Rd, Groton, CT, 06340
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