Last Sold Price
4,368 sqft$134/sqft

Description

Excellent cash flow with long-term tenants, no deferred maintenance and exceptional cap rate of 8.86%. Located on Route 117 in Groton, less than a mile from I95, Exit 88. 943 North Rd is a 4,368 SF wood-framed office building with 19 off-street parking spaces. Fully leased with four tenants. Close to Electric Boat, Pfizer, Naval Sub Base. Zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014 with a new roof, HVAC, electric, etc. Private bathrooms for each office...Excellent cash flow with long-term tenants, no deferred maintenance and exceptional cap rate of 8.86%. Located on Route 117 in Groton, less than a mile from I95, Exit 88. 943 North Rd is a 4,368 SF wood-framed office building with 19 off-street parking spaces. Fully leased with four tenants. Close to Electric Boat, Pfizer, Naval Sub Base. Zoning is IM (industrial, mixed-use). The building was renovated inside and out in 2014 with a new roof, HVAC, electric, etc. Private bathrooms for each office tenant.
LISTING CLOSED: 01/05/2026 12:00 AM

  1. Listed by Jonathan Rodgers • Rodgers Realty Group, LLC
    P: (860)-536-4829 C: (860)-536-4829 jonathan@rodgersrealtygrp.com

Property Details for 943 N Road

Status
MLS #
24045577
Days on Market
405
Taxes
$8,327 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Non-Residential
MLS Type
-
Year Built
1986
Lot Size
1.72 AC / 74,923 SF
Location
Highway Access
Neighborhood
N/A
Garage Parking Info
Paved

Location

Listing Courtesy of Rodgers Realty Group, LLC, Jonathan Rodgers

Sold By Rodgers Realty Group, LLC, Jonathan Rodgers

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Building Information for 943 N Road

Stories3Residences4Year Built1986Lot Size1.72 AC / 74,923 SF

Payment Calculator

$3,667 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,973

Property Taxes

$694

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 943 N Road

Summary
Property and Location
  • Directions: I95 to exit 88, north on Route 117 (North Rd) one mile. Property will be on the right.
  • Latitude: 41.375492
  • Longitude: -72.02627
  • State: Connecticut
Parking
  • Parking Spaces Uncovered: 19
  • Parking Total Spaces: 19
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $8,327
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Gutters, Lighting, Pole Sign
  • Number of Docks: 0
  • Number of Overhead Doors: 0
Interior Features
  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Ceiling Height: 8.0
  • Rooms Total: 0
Property
Property and Assessments
  • Construction Description: Frame
  • Present Use: Office
  • Road Frontage Description: State Road
  • Roof: Asphalt Shingle
  • Sq Ft Source: Public Records
  • Year Built: 1986
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4368
Lot Information
  • Documents Available: None
  • Lot Description: Some Wetlands
  • Parcel Number: 1954918
  • Sq Ft Total: 4368.0
  • Zoning: IM
Utilities
  • Heat Fuel Type: Electric
  • Sewage System: Septic
  • Utilities Available: Electric, Telephone, Cable
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 17928
  • Gross Annual Income: 70644
  • Net Operating Income: $52,715
  • Occupied By: Tenant
  • Total Number of Units: 4
Building Details
  • Number of Restrooms: 5
  • Number of Stories: 3
  • Number of Tenants: 4
Unit 1
  • Unit Average Sq Ft: 1400
  • Unit Entry Order: 2
  • Unit Half Baths: 1
  • Unit Modified Date: 08-04-2025
  • Unit Monthly Rent: $1,095
  • Unit Type: Office
Unit 2
  • Unit Average Sq Ft: 700
  • Unit Entry Order: 4
  • Unit Half Baths: 1
  • Unit Modified Date: 08-04-2025
  • Unit Monthly Rent: $1,080
  • Unit Type: Office
Unit 3
  • Unit Average Sq Ft: 700
  • Unit Entry Order: 3
  • Unit Half Baths: 1
  • Unit Modified Date: 08-04-2025
  • Unit Monthly Rent: $880
  • Unit Type: Office
Unit 4
  • Unit Average Sq Ft: 1400
  • Unit Entry Order: 1
  • Unit Half Baths: 2
  • Unit Modified Date: 08-04-2025
  • Unit Monthly Rent: $2,684
  • Unit Type: Office

Property History for 943 N Road

DateEvent & SourcePriceAppreciation
Jan 5, 2026

Closed (Public Record)

Public Record #1926944029

$585,000
DateEvent & SourcePrice
01/05/2026

Closed (Public Record)

Public Record #1926944029

$585,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 943 N Road

Taxable ValueLand$135,856Additions$146,314Total$282,170
Tax Record2024$8,327 ($694 / month)
Home Facts
Total Finished SqFt4,368 SqFtAbove Grade Finished SqFt4,368 SqFtStories2Lot Size74,923 SqFtStyleOffice BuildingYear Built1986ZoningIMCountySOUTHEASTERN CONNECTICUTAPNGROT M:169908888329

Schools near 943 N Road

This home is within Groton School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Northeast Academy Elementary School
PublicPK to 5

Groton Middle School
Public6 to 8

Fitch Senior High School
Public9 to 12

West Side Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot AC
$87,400
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1.31
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1
1
429
5.55
$260,000
2,200
1.31
0.83

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rodgers Realty Group, LLC, Jonathan Rodgers

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.