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Property profile & analytics
OFF-MARKET
Industrial properties
1200 Northrop Rd Meriden, CT 06450-7817
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0806205
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
20.6 ac (897,336 SF)
Zoning code
RDD
APN
MERI M:913 B:324 L:1
UPID
US15-0806205
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
-
Duro Bag, A Novolex Brand (Flexo Converters Inc) Industrial Manufacturer
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
Nm Nvlx LP · 3 yrs held
Nm Nvlx LP
since 2023
7 recorded transactions
Zoning & alternative use
RDD · 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
$142,673
Tax year 2024
Assessed value
$3,929,310
Assessed 2024
Previous assessed
$3,929,310
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$1,609,930
Assessed improvement
$2,319,380
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
1
Lot
20.6 ac (897,336 SF)
Zoning code
RDD
APN
MERI M:913 B:324 L:1
UPID
US15-0806205
Jurisdiction
MERIDEN
Zoning & alternative use
RDD · Meriden, CT
Zoning RDD · permitted uses
RDD · 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
Heating
NONE
Buildings
2
Units
1
Lot
20.6 ac
Current owner
From public records · entity-resolved
Nm Nvlx LP
Entity
Mailing address
1633 BROADWAY FL, NEW YORK, NY 10019-6738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
Nm Nvlx LP
—
Deed
related
$125,000,000 · Goldman Sachs Bank USA
Feb 21, 2023
—
Nm Nvlx LP
Duro Hilex Poly LLC
Warranty Deed
—
Jul 1, 2021
—
Duro Hilex Poly LLC
Flexo Converters Meriden
Warranty Deed
—
Aug 1, 2016
—
Flexo Converters Merid
—
Deed
related
$3,935,771 · Bartlett Mortgage INC
Jul 31, 2012
—
Flexo Converters Meriden
—
Deed Of Trust
related
$4,471,212 · Bank Of America
Sep 6, 2005
—
Flexo Converters Meriden
—
Deed Of Trust
related
$2,000,000 · Worth Funding INC
Aug 4, 2000
—
Converters Meri Flexo
—
Deed Of Trust
related
$4,900,000 · Citizens Bank Of Ct
Jun 16, 2000
—
Converters Meri Flexo
—
Deed Of Trust
related
$2,228,500 · G E Capital Corp
Sep 21, 1994
—
Flexo Coverters Meride
—
Deed Of Trust
related
$5,200,000 · Peoples Bank
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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