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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Showrooms
140 Main St Meriden, CT 06451-4143
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-1009354
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,104 SF
Lot
1.04 ac (45,329 SF)
Zoning code
TOD
APN
MERI M:111 B:51 L:1
UPID
US15-1009354
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
-
Meriden Garage Door Repair Experts Building Supply General Contractor
-
AutoZone Auto Parts Auto Parts Store
-
Harry Sosa Collectibles store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$640k
Owner & transaction history
Sarna Azc LLC · 6 yrs held
Sarna Azc LLC
since 2019
5 recorded transactions
Zoning & alternative use
TOD · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+140.4%
Office building
$795,000
+83.9%
Retail stores
$770,000
+78.4%
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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
RESTAURANT
$1,040,000
Change: +140% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +84% · Conversion: Easy
RETAIL STORES
$770,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$645,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$635,000
Change: +47% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$500,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$420,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
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
$90 / 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
$57,750
Tax year 2024
Assessed value
$1,499,610
Assessed 2024
Previous assessed
$1,499,610
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$224,770
Assessed improvement
$1,274,840
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
7,104 SF
Lot
1.04 ac (45,329 SF)
Zoning code
TOD
APN
MERI M:111 B:51 L:1
UPID
US15-1009354
Jurisdiction
MERIDEN
Zoning & alternative use
TOD · Meriden, CT
Zoning TOD · permitted uses
TOD · 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
COMMERCIAL (GENERAL) Current
Est. value
$430,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$420,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Sarna Azc LLC
Entity
Mailing address
1300 SW PARK AVE APT #1608, PORTLAND, OR 97201-3655
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
$2,025,000
Sarna Azc LLC
Mmk Single LLC
Warranty Deed
$1,275,750 · Capstar Bank
May 21, 2008
—
Wf 4 LLC
—
Deed Of Trust
related
$1,380,000 · Valley National Bank
Apr 19, 2006
$225,000
Hdb Meriden LLC
Carlberg,fred W
Warranty Deed
$1,531,561 · Zuckerman Family Nomi
Jun 9, 2004
—
Frederick W Carlberg
—
Deed Of Trust
related
$16,367 · S Central Ct Econ
Jun 23, 2000
—
Frederick W Carlberg
—
Deed Of Trust
related
$150,000 · First Union National 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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