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Property profile & analytics
FOR SALE
Apartment buildings
117 Lincoln St Meriden, CT 06451
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0166882
For Sale
1 / 8
$1,300,000
117 Lincoln St, Meriden, CT 06451
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1895
Construction
FRAME
Total area
5,893 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
MERI M:501 B:228 L:7
UPID
US15-0166882
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
-
Village For Families & Child Daycare Center
-
Junibeth Quinones Physician Medical Clinic
-
Peter B. Lynch Sr, LCSW Physician
-
Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Asere Acquisitions LLC · 2 yrs held
Asere Acquisitions LLC
since 2024
Last sale
$450,000
3 recorded transactions
Zoning & alternative use
C-1 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,271
Tax year 2024
Assessed value
$422,520
Assessed 2024
Previous assessed
$422,520
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$76,230
Assessed improvement
$346,290
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
For Sale
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
8
Total area
5,893 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
MERI M:501 B:228 L:7
UPID
US15-0166882
Jurisdiction
MERIDEN
Zoning & alternative use
C-1 · Meriden, CT
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
8
Lot
0.22 ac
Current owner
From public records · entity-resolved
Asere Acquisitions LLC
Entity
Mailing address
117 LINCOLN ST, MERIDEN, CT 06451-3163
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
$450,000
Asere Acquisitions LLC
Jonathan Gonzalez
Warranty Deed
$550,000 · Shc Lending
May 13, 2021
—
Jonathan Gonzalez
—
Deed
related
$1,000 · Financial Casualty
Sep 18, 2020
$235,000
Jonathan Gonzalez
Guidance Clinic Child
Warranty Deed
$205,000 · Sachem Cap Corp
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.
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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