Financial
Distress signals
Property profile

577 Broad St Meriden, CT 06450

OFF-MARKET
Showrooms
Property ID
US15-0591785
20,445 SF 1.92 ac lot Built 1920
Last sale Apr 2024 · $2,000,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 20,445-square-foot retail building located on South Broad Street in Meriden, Connecticut, situated on approximately 3 acres and zoned C-3. The building has historically been used as a banquet hall and is positioned on a high-traffic corridor, with a reported traffic count of 16,800 vehicles per day. Its size and C-3 zoning support potential redevelopment uses consistent with retail and other commercial applications permitted under the zoning district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value$621k
Assessed land$219k
Assessed improvement$402k
Effective rate3.63%

Value estimate

· Sep 2026
$2.00M
$1.80M – $2.20M
AI approach$2.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$80/SF
ZIP average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$42 – $123

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3
Office District. § 213-22 R-H Residential Historic District. Article V Commercial Districts § 213-23 C-1 Central Commercial District. § 2...
General categoryCOMMERCIAL
JurisdictionMERIDEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.7
Pharmacy17.0
Wholesale Shop16.4

Location

577 Broad St Meriden, CT 06450-6648
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Griswold, Meriden, CT 06450-2220 $900,000 Jun 2025 11,781 SF
130 Golden, Meriden, CT 06450-2313 $675,000 Apr 2025 18,918 SF
43 Preston, Meriden, CT 06450-4813 $1,250,000 Mar 2025 9,490 SF
65 Westfield, Meriden, CT 06450-2425 $1,150,000 Oct 2024 33,103 SF
74 Broad, Meriden, CT 06450-6545 $465,000 Aug 2024 6,828 SF
35 Pratt, Meriden, CT 06450-4241 $400,000 May 2024 8,159 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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