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Property profile & analytics
FOR LEASE
Apartment buildings
570 Broad St 3C Meriden, CT 06450
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-1052206
For Lease
1 / 5
$1,300/Mo
570 Broad St,Unit 3C, Meriden, CT 06450
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1890
Construction
FRAME
Total area
8,653 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1
APN
MERI M:217 B:109 L:21
UPID
US15-1052206
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$925k
Owner & transaction history
Ct 201 Holdings LLC · 4 yrs held
Ct 201 Holdings LLC
since 2022
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
C-1 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+59.3%
Office building
$970,000
+21.9%
Retail stores
$940,000
+18.2%
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
$1,025,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
RESTAURANT
$1,265,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$940,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Mar 3 2022)
Last sale anchor
$925k
Mar 3 2022
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
$107 / 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
$13,961
Tax year 2024
Assessed value
$362,530
Assessed 2024
Previous assessed
$362,530
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$115,500
Assessed improvement
$247,030
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
1890
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
3
Units
11
Rooms
44
Total area
8,653 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1
APN
MERI M:217 B:109 L:21
UPID
US15-1052206
Jurisdiction
MERIDEN
Zoning & alternative use
C-1 · Meriden, CT
Zoning C-1 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$795,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (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
1890
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
1
Units
11
Rooms
44
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ct 201 Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5314 16TH AVE #334, BROOKLYN, NY 11204-1425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$925,000
Ct 201 Holdings LLC
404 Center St Hldg LLC
Warranty Deed
—
Dec 7, 2021
$500,000
404 Center St Hldg LLC
Simon Pepe Properties LLC
Warranty Deed
—
Feb 24, 2015
—
Simon Pepe Properties LLC
Amabo Properties LLC
Warranty Deed
—
Sep 14, 2011
$1
George Clark 3rd
Carusone,michael
Grant Deed
related
—
Sep 7, 2011
$125,000
Michael Carusone
Banco Popular North Ameri
Warranty Deed
—
Jun 13, 2011
—
Banco Popular North Ameri
Ize Prop Mgmt LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jul 28, 2008
$620,000
Ize Property Mgmt LLC
Michael Clarke
Warranty Deed
$1,125,000 · Banco Popular
Feb 20, 2008
$65,000
Alphonse Rivera
Clarke,michael
Grant Deed
—
Feb 13, 2003
$295,000
Michael Clarke
Mr Prop LLC
Warranty Deed
$210,360 · Equity One INC
Dec 19, 1996
$185,000
Michael Carusone
Parmelee,david W
Grant Deed
$100,000 · Robert Fishman Trust
Dec 19, 1996
—
Michael Carusone
—
Deed Of Trust
related
$80,000 · Zenon Grzybowski
Jun 18, 1992
—
David W Parmelee
—
Deed Of Trust
related
$414,000 · Equity Bank
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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