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Property profile & analytics
OFF-MARKET
Showrooms
35 Pratt St Meriden, CT 06450-4241
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0902582
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1890
Construction
FRAME
Total area
8,159 SF
Lot
0.35 ac (15,385 SF)
Zoning code
TODP
APN
MERI M:105 B:26 L:2
UPID
US15-0902582
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
-
Twilight Concert Series Theater & Performing Art Venue Music Venue
-
Prentis Printing Solutions, Inc. (Bike/Boat/Book/etc) Store Printing Service
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
Laila INC · 2 yrs held
Laila INC
since 2024
Last sale
$400,000
3 recorded transactions
Zoning & alternative use
TODP · 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
$12,796
Tax year 2024
Assessed value
$332,290
Assessed 2024
Previous assessed
$332,290
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$87,430
Assessed improvement
$244,860
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
1890
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
5
Rooms
18
Total area
8,159 SF
Lot
0.35 ac (15,385 SF)
Zoning code
TODP
APN
MERI M:105 B:26 L:2
UPID
US15-0902582
Jurisdiction
MERIDEN
Zoning & alternative use
TODP · Meriden, CT
Zoning TODP · permitted uses
TODP · 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
1890
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
5
Rooms
18
Lot
0.35 ac
Current owner
From public records · entity-resolved
Laila INC
Entity
Free & Clear · 2 yrs held
Mailing address
35 PRATT ST, MERIDEN, CT 06450-4241
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
$400,000
Laila INC
Bruce Burchsted
Warranty Deed
—
Sep 10, 2021
—
Bruce Burchstead
Bruce Burchstead
Quit Claim Deed
related
—
Apr 14, 1987
—
Bruce Burchsted
—
Deed Of Trust
related
$168,000 · Central Bank Savings
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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