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Property profile & analytics
FOR LEASE
Medical Office Space
27 Meriden Ave, Southington, CT 06489
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0906692
For Lease
1 / 16
$20 SF/Yr
27 Meriden Ave, Southington, CT 06489
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
13,370 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CB
APN
SOUT M:088 L:021
UPID
US15-0906692
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
-
Abt Peter J DDS Dental Office
-
Rinaldi James P CPA Accounting Firm
-
Jared Percyz DDS - Southington Dentist Office Dental Office
-
Heather Lavallee Theriault Physician
-
Dr. Donald Demas Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Valenti Real Estate LLC · 3 yrs held
Valenti Real Estate LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
CB · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+119.7%
Commercial (general)
$1.6M
+112.0%
Restaurant
$1.5M
+107.4%
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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$1,080,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
OFFICE BUILDING
$1,610,000
Change: +120% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,555,000
Change: +112% · Conversion: Easy
RESTAURANT
$1,520,000
Change: +107% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,100,000
Change: +50% · Conversion: Moderate
AUTO REPAIR, GARAGE
$995,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.08M (Aug 2 2022)
Last sale anchor
$1.08M
Aug 2 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
$80 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,837
Tax year 2023
Assessed value
$620,440
Assessed 2023
Previous assessed
$620,440
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$134,820
Assessed improvement
$485,620
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1979
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
13,370 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CB
APN
SOUT M:088 L:021
UPID
US15-0906692
Jurisdiction
SOUTHINGTON
Zoning & alternative use
CB · Southington, CT
Zoning CB · permitted uses
CB · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$935,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
1.07 ac
Current owner
From public records · entity-resolved
Valenti Real Estate LLC
Entity
Mailing address
27 MERIDEN AVE, SOUTHINGTON, CT 06489-3234
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$1,075,000
Valenti Real Estate LLC
Cap Invs Ct 27 LLC
Warranty Deed
$850,000 · Thomaston Savings Bank
Jan 12, 2017
—
Cap Investments Ct 27 LLC
Cap Investments LLC
Quit Claim Deed
related
—
Nov 30, 2005
$2,400,000
Cap Investments LLC
First Mda LLC
Warranty Deed
—
Dec 30, 1998
$820,000
Bfr Ent LLC
Ruiz,peter P
Grant Deed
$520,000 · Savings Bank Of Manchester
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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