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1079 Broad St, Meriden, CT 06450
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Construction
FRAME
Total area
4,153 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-1
APN
MERI M:309 B:271B L:3
UPID
US15-0520221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$535k
Owner & transaction history
since 2025
Last sale
$570,000
7 recorded transactions
Zoning & alternative use
R-1 · Meriden, CT
Zoning description
buildings per lot. § 213-14 Number of principal uses per lot. § 213-15 Temporary sales use. Article IV Residential Districts § 213-16 R-R Rural Residential District. § 213-17 S-R Suburban Residential District. § 213-18 R…
General category
RESIDENTIAL
Top alternative use upside
Office building
$465,000
+21.9%
Retail stores
$450,000
+18.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,153 SF
Lot area
0.23 ac
Year built
1900
Stories
3
APN
MERI M:309 B:271B L:3
Zoning
R-1
Assessed value
$249,480
Annual tax
$9,607
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$437k
Range $308k – $471k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 42 sales
$92
+40%
Submarket 63 sales
$91
+42%
County 348 sales
$105
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+22%
vs current-use indication
Retail Stores
Apartment House (5+ Units) · current use
Auto Repair, Garage
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$570k
Move the market yield to see immediate price impact.
Value / SF
$137
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$36k
$718k
$513k
$399k
$40k
$798k
$570k
$443k
$44k
$878k
$627k
$488k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,607
Tax year 2024
Assessed value
$249,480
Assessed 2024
Previous assessed
$249,480
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$77,070
Assessed improvement
$172,410
Applied tax rate
302.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
22
Bathrooms
6
Total area
4,153 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-1
APN
MERI M:309 B:271B L:3
UPID
US15-0520221
Jurisdiction
MERIDEN
Zoning & alternative use
R-1 · Meriden, CTZoning R-1 · permitted uses
R-1 · Meriden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
buildings per lot. § 213-14 Number of principal uses per lot. § 213-15 Temporary sales use. Article IV Residential Districts § 213-16 R-R Rural Residential District. § 213-17 S-R Suburban Residential District. § 213-18 R…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
22
Bathrooms
6
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-1
RESIDENTIAL
Jurisdiction
Meriden, CT
Recorded code
R-1
Official district
R-1
Official district profile
What the municipal code says about R-1
Zoning description
buildings per lot. § 213-14 Number of principal uses per lot. § 213-15 Temporary sales use. Article IV Residential Districts § 213-16 R-R Rural Residential District. § 213-17 S-R Suburban Residential District. § 213-18 R…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-1 in Meriden, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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