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Property profile & analytics
OFF-MARKET
Estimated value
$2,665,000
Showrooms
464 Pratt St Ext Meriden, CT 06450-3444
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US15-0491904
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
64,609 SF
Lot
1.09 ac (47,341 SF)
Zoning code
M-3
APN
MERI M:305 B:266 L:18-21
UPID
US15-0491904
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
-
CT SR22 Insurance Insurance Agency
-
Seraphic Restorations Church Mosque
-
Art & Glass Decor Interior Design Home Decor Store
-
ML421 Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.67M
Owner & transaction history
Pratt Equity Hldg LLC
Pratt Equity Hldg LLC
since 2026
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
M-3 · 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
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
Blend value · Realmo final
$2.67M
Range $2.40M – $2.93M · ±10% · vs last sale $2.65M (Jan 5 2026)
Last sale anchor
$2.65M
Jan 5 2026
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
$41 / 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
$69,449
Tax year 2024
Assessed value
$1,803,410
Assessed 2024
Previous assessed
$1,803,410
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$148,750
Assessed improvement
$1,654,660
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
28
Rooms
24
Bathrooms
25
Total area
64,609 SF
Lot
1.09 ac (47,341 SF)
Zoning code
M-3
APN
MERI M:305 B:266 L:18-21
UPID
US15-0491904
Jurisdiction
MERIDEN
Zoning & alternative use
M-3 · Meriden, CT
Zoning M-3 · permitted uses
M-3 · 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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
28
Rooms
24
Bathrooms
25
Lot
1.09 ac
Current owner
From public records · entity-resolved
Pratt Equity Hldg LLC
Entity
Mailing address
560 ORCH ST, NEW HAVEN, CT 06511-3214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
$2,645,000
Pratt Equity Hldg LLC
Pratt Mh LLC
Warranty Deed
$2,129,000 · Broadview Capital LLC
Jul 31, 2019
—
Pratt Mh LLC
—
Deed
related
$2,762,500 · Capital Funding
Nov 28, 2018
$3,210,000
Pratt Mh LLC
Pratt Extension LLC
Warranty Deed
—
Jul 17, 2015
$2,360,000
Pratt Extension LLC
Jreige LLC
Warranty Deed
$1,770,000 · Oritani Bk
May 12, 2009
$1
Jreige LLC
Jreige LLC
Grant Deed
related
—
Nov 28, 2003
$1,250,000
Jreige LLC
464 Assoc LLC
Warranty Deed
$803,400 · Insurbanc
Jan 5, 1990
$203,136
John S Kapelewski
Blum,h Peter
Grant Deed
—
Jan 9, 1987
—
John S Kapelewski
—
Deed Of Trust
related
$630,000 · Ct Natl Bk
—
—
Jreige LLC
—
Loan Modification
related
$1,162,247 · Insurbanc
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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