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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Apartment buildings
130 Bradley Ave Meriden, CT 06451-3973
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0337512
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,048 SF
Lot
0.77 ac (33,663 SF)
Zoning code
R-1
APN
MERI M:611 B:195 L:3
UPID
US15-0337512
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
-
Tudor Manor Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.50M
Owner & transaction history
Tudor Manor Estates LLC · 4 yrs held
Tudor Manor Estates LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
R-1 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+64.1%
Office building
$2.5M
+25.6%
Retail stores
$2.4M
+21.8%
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
$2,690,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,965,000
Current use
RESTAURANT
$3,225,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$2,465,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$2,390,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,000,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.43M (Apr 5 2022)
Last sale anchor
$2.43M
Apr 5 2022
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
$113 / 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
$42,880
Tax year 2024
Assessed value
$1,113,490
Assessed 2024
Previous assessed
$1,113,490
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$241,500
Assessed improvement
$871,990
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
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Units
23
Rooms
92
Total area
22,048 SF
Lot
0.77 ac (33,663 SF)
Zoning code
R-1
APN
MERI M:611 B:195 L:3
UPID
US15-0337512
Jurisdiction
MERIDEN
Zoning & alternative use
R-1 · Meriden, CT
Zoning R-1 · permitted uses
R-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Units
23
Rooms
92
Lot
0.77 ac
Current owner
From public records · entity-resolved
Tudor Manor Estates LLC
Entity
Free & Clear · 4 yrs held
Mailing address
158 WESTMEADOW RD, ROCKY HILL, CT 06067-1040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$2,425,000
Tudor Manor Estates LLC
Manor Estates LLC
Warranty Deed
—
May 10, 2018
$1,700,000
Manor Ests LLC
E Main LLC
Warranty Deed
—
Sep 8, 2017
$1,100,000
Ct East Main LLC
Ronald V Iannucci
Warranty Deed
$948,000 · Arbor Commercial Fund
Apr 4, 1995
$415,000
Ronald V Iannucci
Founders Bk
Grant Deed
$373,000 · Zenon Grzybowski
Nov 15, 1991
—
Prop Charter
—
Deed Of Trust
related
$999,028 · Founders Bank
Mar 29, 1988
—
Prop Charter
—
Deed Of Trust
related
$1,376,000 · Ct Savings Bank
Sep 24, 1987
$1,035,000
Charter Properties
Harper,lubbie JR
Grant Deed
$828,000 · Ct Savings 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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