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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Showrooms
249 Main St Meriden, CT 06451-4029
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-1007556
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1899
Construction
FRAME
Total area
7,800 SF
Lot
0.18 ac (7,749 SF)
Zoning code
R-2
APN
MERI M:602 B:156 L:29
UPID
US15-1007556
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
-
La Reyna Party Dresses LLC Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Jose Cusnia · 1 yrs held
Jose Cusnia
since 2025
Last sale
$832,000
4 recorded transactions
Zoning & alternative use
R-2 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+140.4%
Office building
$875,000
+83.9%
Retail stores
$845,000
+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
$815,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,140,000
Change: +140% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +84% · Conversion: Easy
RETAIL STORES
$845,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +47% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$550,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $832k (Apr 16 2025)
Last sale anchor
$832k
Apr 16 2025
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
$105 / 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
$12,476
Tax year 2024
Assessed value
$323,960
Assessed 2024
Previous assessed
$323,960
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$72,660
Assessed improvement
$251,300
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
1899
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
8
Rooms
32
Bathrooms
1
Total area
7,800 SF
Lot
0.18 ac (7,749 SF)
Zoning code
R-2
APN
MERI M:602 B:156 L:29
UPID
US15-1007556
Jurisdiction
MERIDEN
Zoning & alternative use
R-2 · Meriden, CT
Zoning R-2 · permitted uses
R-2 · 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
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$550,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1899
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
8
Rooms
32
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jose Cusnia
Individual
Mailing address
PO BOX 1303, REDDING CENTER, CT 06875-1303
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$832,000
Jose Cusnia
How Sweet Homes LLC
Warranty Deed
$582,400 · Velocity Commercial Capital LLC
Nov 3, 2006
—
Home Sweet Homes LLC
—
Deed Of Trust
related
$542,750 · Presidential Bank Fsb
Jun 13, 2003
—
Home Sweet Homes LLC
—
Deed Of Trust
related
$623,000 · Zions First National Bank
Jan 27, 2000
$190,000
Maya R Furrer
Liberty Dev Assoc LLC
Warranty Deed
$133,000 · Southern Pacific Bk
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
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