Entity Owned Property summary
AI-generated overview
The Meriden Enterprise Center at 290 Pratt Street in Meriden, Connecticut is a mixed-use facility comprising approximately 438,000 square feet on a 12.63-acre site. The property is situated near major highway routes, including the intersection of Interstates 91 and 691, the Merritt Parkway (Route 15), and Route 5, and is about one-quarter mile from I-691, with Meriden located roughly midway between Hartford and New Haven. The building configuration supports subdivision into smaller spaces, with potential unit sizes beginning at approximately 1,100 square feet and offering up to about 31,600 square feet of contiguous space; ceiling heights reach up to approximately 16 feet. Loading access includes 8 docks and 8 drive-in doors, and the site provides ample on-site parking. The property is zoned TOD-G (Transit Oriented Development Gateway Sub-District), which permits a wide range of uses such as office, light industrial, multi-family residential, retail, restaurants, and brewpubs. Enterprise Zone benefits may be available.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
12.23 ac (532,800 SF)
Zoning code
TODG
APN
MERI M:302 B:258 L:4-28
UPID
US15-0575450
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Computer & Electronic Repair
-
Industrial Manufacturer
-
Law Firm
-
Industrial Manufacturer
-
Property Management Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$420k
Owner & transaction history
since 2003
2 recorded transactions
Zoning & alternative use
TODG · Meriden, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Confidence
Property data
63
Market benchmarks
33
Comparable evidence
60
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
12.23 ac
APN
MERI M:302 B:258 L:4-28
Zoning
TODG
Assessed value
$2,394,700
Annual tax
$92,220
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 216 sales
$71
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.39M
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$151k
$3.02M
$2.16M
$1.68M
$168k
$3.35M
$2.39M
$1.86M
$184k
$3.69M
$2.63M
$2.05M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$92,220
Tax year 2024
Assessed value
$2,394,700
Assessed 2024
Previous assessed
$2,394,700
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$1,083,110
Assessed improvement
$1,311,590
Applied tax rate
302.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
2
Lot
12.23 ac (532,800 SF)
Zoning code
TODG
APN
MERI M:302 B:258 L:4-28
UPID
US15-0575450
Jurisdiction
MERIDEN
Zoning & alternative use
TODG · Meriden, CTZoning TODG · permitted uses
TODG · Meriden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
2
Lot
12.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TODG
Jurisdiction
Meriden, CT
Recorded code
TODG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TODG in Meriden, CT.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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