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Property profile & analytics
FOR LEASE
Apartment buildings
99 Grove Ave Groton, CT 06340
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-1041711
For Lease
1 / 21
$1,950/Mo
99 Grove Ave, Groton, CT 06340
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
20,376 SF
Lot
3.75 ac (163,350 SF)
Zoning code
R51
APN
GROT M:168914444994
UPID
US15-1041711
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
-
groton Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.16M
Owner & transaction history
Fieldside Apartments L · 10 yrs held
Fieldside Apartments L
since 2016
7 recorded transactions
Zoning & alternative use
R51 · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+61.9%
Retail stores
$2.3M
+31.5%
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
APARTMENT HOUSE (5+ UNITS)
$1,725,000
Current use
OFFICE BUILDING
$2,795,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$2,270,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,720,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$106 / 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
$65,043
Tax year 2024
Assessed value
$2,418,850
Assessed 2024
Previous assessed
$2,418,850
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$1,187,235
Assessed improvement
$1,231,615
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
1970
Heating
NONE
Buildings
3
Units
60
Total area
20,376 SF
Lot
3.75 ac (163,350 SF)
Zoning code
R51
APN
GROT M:168914444994
UPID
US15-1041711
Jurisdiction
GROTON
Zoning & alternative use
R51 · Groton, CT
Zoning R51 · permitted uses
R51 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Buildings
3
Units
60
Lot
3.75 ac
Current owner
From public records · entity-resolved
Fieldside Apartments L
Individual
Mailing address
34 CONNECTICUT BLVD, EAST HARTFORD, CT 06108-3007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Sep 17, 2024
—
99 Equities LLC
—
Deed
related
$700,000 · Centreville Bank
May 11, 2022
—
99 Equitites LLC
—
Deed
related
$6,225,000 · Centreville Bank
Jun 21, 2016
—
Fieldside Apartments L
Nash Management INC
Warranty Deed
$3,996,000 · Arbor Commercial Mtg
Jul 2, 2014
—
Nash Management INC
—
Deed Of Trust
related
$2,669,436 · Kings Realty Holdings LLC
Sep 29, 1995
—
Nash Mgmt INC
—
Deed Of Trust
related
$1,450,000 · Arbor National Mortgage
Mar 31, 1993
$1,310,001
Nathan Weiss
Advest Bk
Grant Deed
$1,048,000 · Advest Bank
Jun 18, 1991
—
Fieldstone LP Groton
—
Deed Of Trust
related
$350,000 · Zuckerman Family Nomi
Jul 13, 1987
—
Groton Fieldside As LP
—
Deed Of Trust
related
$300,000 · Ne Federal Savings Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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