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Property profile & analytics

181 Hanover St Meriden, CT 06451

  • Showrooms
  • 1,484 SF
  • 0.16 lot acres
Value Estimation
Last Sale
Mar 28, 2025
$215,000
Location Intelligence
Property ID
US15-1007576
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.

Current Use by Public Records

  • ObsElite Performance LLC / Auto Repair Shop

Property Details for 181 Hanover St

Year built
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.16 lot acres
Property size
1,484 SF
Zone code
TODH
Property type
Showrooms
APN
MERI M:111 B:51 L:14C
APU
MERIM111B51L14C

Description

This 1,431 sq ft commercial property at 181 Hanover Street, Meriden, CT, sits on a 0.16-acre corner lot in a high-traffic area, offering exceptional visibility and accessibility. Ideal for an automotive business or investor, the property includes three bays for optimal workspace and vehicle access. The garage boasts a drive-on lift with rolling lift jacks (1998, serviced 2023), an 11,000-pound 2-post lift (2022, serviced 2023), and an industrial air compressor. Included equipment also features a wheel balancer (computer functional, requires cone attachments) and an alignment machine (requiring a new computer). A fully equipped US General toolbox and a storage container are also part of the sale. This turnkey operation presents a rare opportunity to acquire a well-equipped mechanic's garage in a desirable, high-traffic location. The property is priced at $234,900. This is a fantastic opportunity for a mechanic looking to establish or expand their business. The high visibility and convenient location ensure strong customer access. Don't miss this chance to own a thriving automotive business.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $210,000
  • CAP approach

    CAP return
    Estimation
    6%
    $130,000
    6.5%
    $135,000
    7%
    $150,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $135,000
    Geo Method
    $145,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $140,000
    Retail
    $145,000
    Mixed-Use
    $120,000
    Hospitality
    $160,000
    Educational
    $135,000
    Residential Income
    $120,000
    Energy
    $145,000
    Income-Based Land
    $120,000
    Food Service
    $160,000

Location Insight

  • Map
  • Local Demand
City
Meriden
County
New Haven
State
Connecticut
Longitude
-72.8086
Latitude
41.5358
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, 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
2024
$6,284
$71,400
$91,770
$163,170
-
$0.00
$0.00
$0.00
More about this property
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