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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
113 Main St Meriden, CT 06450-5680
Entity Owned
2-yr Hold
Property ID
US15-0338981
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1885
Construction
FRAME
Total area
5,647 SF
Lot
0.45 ac (19,798 SF)
Zoning code
TODC
APN
MERI M:108 B:39 L:5
UPID
US15-0338981
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
-
Goddess Beauty llc salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$580k
Owner & transaction history
Meriden Re Mgmt LLC · 2 yrs held
Meriden Re Mgmt LLC
since 2024
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
TODC · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$825,000
+59.3%
Office building
$630,000
+21.9%
Retail stores
$615,000
+18.2%
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 Meriden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Meriden 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$520,000
Current use
RESTAURANT
$825,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$615,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (May 2 2024)
Last sale anchor
$580k
May 2 2024
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
$103 / 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
$10,796
Tax year 2024
Assessed value
$280,350
Assessed 2024
Previous assessed
$286,510
-2.2% YoY
Effective rate
3.85%
On assessed value
Assessed land
$105,490
Assessed improvement
$174,860
Applied tax rate
302.0000
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
Off-Market
Year built
1885
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
6
Rooms
24
Total area
5,647 SF
Lot
0.45 ac (19,798 SF)
Zoning code
TODC
APN
MERI M:108 B:39 L:5
UPID
US15-0338981
Jurisdiction
MERIDEN
Zoning & alternative use
TODC · Meriden, CT
Zoning TODC · permitted uses
TODC · Meriden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Meriden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$520,000
RESTAURANT
Est. value
$825,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1885
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
6
Rooms
24
Lot
0.45 ac
Current owner
From public records · entity-resolved
Meriden Re Mgmt LLC
Entity
Mailing address
113 E MAIN ST, MERIDEN, CT 06450-5680
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
May 2, 2024
$580,000
Meriden Re Mgmt LLC
113 E Main LLC
Warranty Deed
$435,000 · Webster Bank
Nov 1, 2023
$375,000
113 E Main LLC
East Main St Apts LLC
Warranty Deed
$300,000 · Mansby Cap Incm Fnd
Jun 29, 2017
—
East Main Street Apts
Ballas,james
Quit Claim Deed
related
—
Aug 25, 2005
—
James Ballas
—
Deed Of Trust
related
$180,000 · Astoria Federal Mortgage Corp
Nov 26, 2003
$180,000
James Ballas
We Buy Houses LLC
Warranty Deed
—
Oct 22, 2003
$155,000
We Buy Houses LLC
Korb Porp LLC
Warranty Deed
$155,000 · Zwi Kohorn
Mar 14, 2002
$70,000
Korb Properties LLC
Temple Bnai Abraham
Warranty Deed
$100,000 · Zwi Kohorn
Sep 24, 1993
—
Bnai Abraham Temple
—
Deed Of Trust
related
$65,000 · Dime Savings Bank Wallngford
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.
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