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Property profile & analytics
OFF-MARKET
Showrooms
234 Pratt St Meriden, CT 06450-4267
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0158743
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
3,477 SF
Lot
0.06 ac (2,614 SF)
Zoning code
TODG
APN
MERI M:302 B:258 L:31A
UPID
US15-0158743
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
-
Sazon con fuego Lechonera Restaurant
-
Delicioso Bakery & Deli Bakery Specialty Food Shop
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
Park Place Prop LLC · 2 yrs held
Park Place Prop LLC
since 2024
Last sale
$435,000
7 recorded transactions
Zoning & alternative use
TODG · 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
$8,861
Tax year 2024
Assessed value
$230,090
Assessed 2024
Previous assessed
$230,090
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$62,790
Assessed improvement
$167,300
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
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Rooms
11
Total area
3,477 SF
Lot
0.06 ac (2,614 SF)
Zoning code
TODG
APN
MERI M:302 B:258 L:31A
UPID
US15-0158743
Jurisdiction
MERIDEN
Zoning & alternative use
TODG · Meriden, CT
Zoning TODG · permitted uses
TODG · 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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Rooms
11
Lot
0.06 ac
Current owner
From public records · entity-resolved
Park Place Prop LLC
Entity
Mailing address
234 PRATT ST, MERIDEN, CT 06450-4267
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$435,000
Park Place Prop LLC
Elvin Torres
Warranty Deed
$292,500 · Marta Cisowski
Oct 21, 2021
$325,000
Elvin Torres
234 LLC
Warranty Deed
—
Jul 16, 2019
—
234 LLC
—
Deed
related
$150,000 · Jannco Lenders LLC
Mar 22, 2018
—
234 LLC
Cisowski,marta
Quit Claim Deed
related
—
Jul 31, 2017
$210,000
Marta Cisowski
234 Pratt Street LLC
Warranty Deed
$168,000 · Jannco Lenders LLC
Feb 5, 2007
$1
234 Pratt Street LLC
Rodriguez,kevin
Grant Deed
related
—
Oct 16, 2006
$234,000
Kevin Rodriguez
Juan A Alfonso
Warranty Deed
$165,000 · Silver Hill Fncl LLC
Dec 23, 2005
—
Juan A Alfonso
—
Deed Of Trust
related
$30,000 · Castle B&t Co
Apr 29, 2005
—
Juan A Alfonso
—
Deed Of Trust
related
$100,000 · Castle B&t Co
Dec 29, 1987
—
Jose R Alfonso
—
Deed Of Trust
related
$145,000 · American National Bank
—
—
234 LLC
—
Deed Of Trust
related
$150,000 · Jannco Lenders LLC
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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