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Property profile & analytics
OFF-MARKET
Estimated value
$3,770,000
Showrooms
33 Roy St Meriden, CT 06450-6470
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0691305
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,790 SF
Lot
2.48 ac (108,029 SF)
Zoning code
R-2
APN
MERI M:116 B:63C L:71
UPID
US15-0691305
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
-
Silver Springs Care Center Rehabilitation Center Nursing Home
-
Raad Marc N MD Physician
-
Huang John MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.77M
Owner & transaction history
33 Roy Meriden LLC · 2 yrs held
33 Roy Meriden LLC
since 2024
7 recorded transactions
Zoning & alternative use
R-2 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.0M
+15.0%
Auto repair, garage
$6.0M
+13.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,250,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,040,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,965,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,655,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±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
$57 / 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
$125,560
Tax year 2024
Assessed value
$3,260,460
Assessed 2024
Previous assessed
$3,242,820
+0.5% YoY
Effective rate
3.85%
On assessed value
Assessed land
$265,370
Assessed improvement
$2,995,090
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Buildings
1
Stories
4
Units
1
Total area
65,790 SF
Lot
2.48 ac (108,029 SF)
Zoning code
R-2
APN
MERI M:116 B:63C L:71
UPID
US15-0691305
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
COMMERCIAL (GENERAL) Current
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Stories
4
Buildings
1
Units
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
33 Roy Meriden LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
33 Roy Meriden LLC
Summit Meriden LLC
Warranty Deed
$21,903,353 · Independence Mortgage Co
Aug 11, 2017
$6,650,000
Summit Meriden LLC
Meriden Realty Inv LLC
Warranty Deed
$42,000,000 · Private B&t Co
Jun 23, 2006
—
Meriden Realty Inv LLC
—
Deed Of Trust
related
$3,013,100 · Capmark Financial INC
Dec 2, 2003
$1,864,980
Meriden Rlty Inv LLC
Lahaina Rlty Ltd
Warranty Deed
related
—
Sep 2, 1997
—
Lahaina Realty LP
—
Deed Of Trust
related
$31,000,000 · German American Capit
Dec 1, 1994
—
Lahaina Rlty LP
—
Deed Of Trust
related
$25,100,000 · Pegasus Mgmnt Co
Dec 1, 1994
$3,440,000
Lahaina Rlty LP
33 Roy St LP
Warranty Deed
related
$25,100,000 · Zwi Kohorn
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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