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Property profile & analytics
FOR LEASE
Industrial properties
550 Research Pkwy Meriden, CT 06450
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0998422
For Lease
$6 SF/Yr
550 Research Pkwy, Meriden, CT 06450
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
326,730 SF
Lot
25.19 ac (1,097,276 SF)
Zoning code
M-1
APN
MERI M:918 B:324C L:6
UPID
US15-0998422
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
-
Fosdick Fulfillment / Tristar Products Corporate Office
-
Aplicare Inc Production Facility Factory
-
Fosdick Fulfillment Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Sky 103 LLC · 8 yrs held
Sky 103 LLC
since 2018
7 recorded transactions
Zoning & alternative use
M-1 · 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
$10 / 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
$265,712
Tax year 2024
Assessed value
$7,317,870
Assessed 2024
Previous assessed
$7,317,870
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$1,951,740
Assessed improvement
$5,366,130
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
326,730 SF
Lot
25.19 ac (1,097,276 SF)
Zoning code
M-1
APN
MERI M:918 B:324C L:6
UPID
US15-0998422
Jurisdiction
MERIDEN
Zoning & alternative use
M-1 · Meriden, CT
Zoning M-1 · permitted uses
M-1 · 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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
25.19 ac
Current owner
From public records · entity-resolved
Sky 103 LLC
Entity
Mailing address
425 E 52ND ST, NEW YORK, NY 10022-6387
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 20, 2023
—
Sky 103 LLC
—
Deed
related
$28,000,000 · City National Bank
Mar 2, 2018
$11,611,600
Sky 103 LLC
Ct 550 Research Pkwy L
Quit Claim Arm's Length For Ne States
$16,850,000 · Bsprt Finance LLC
May 30, 2017
—
Ct 550 Research Pkwy LLC
New York Life Insurance
Quit Claim Deed
related
—
May 11, 2017
—
New York Life Insurance
Cheshire 2004 LLC
Foreclosure
related
—
Jun 22, 2006
$13,330,000
Hpfui 550 Resear Pkwy LLC
550 Research Pkwy INC
Warranty Deed
$6,955,000 · Bank Of America
May 3, 1988
$10,700,000
550 Research Pky INC
Meriden Trading Co
Grant Deed
—
Nov 13, 1987
—
Meriden Trading Co
—
Deed Of Trust
related
$1,000,000 · Bank Of Boston Ct
Jun 18, 1987
—
Meriden Trading Co
—
Deed Of Trust
related
$6,700,000 · Bank Of Boston Ct
May 1, 1987
—
Meriden Trading Co
—
Deed Of Trust
related
$850,000 · Bank Of Boston Ct
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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