Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    790 Old Colony Rd Meriden, CT 06451-7901
    Back to Search
    Property profile & analytics

    790 Old Colony Rd, Meriden, CT 06451-7901

    View on Map
    • Showrooms
    • 1,750 SF
    • 0.62 lot acres
    Off-Market
    Last Sale May 29, 2024
    $350,000
    Property ID
    US15-0331713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wheeling Motors LLC / Car Dealership
    • Mathieu Memorials / General Contractor
    • D & G Paving & Excavating / General Contractor / Construction Company

    Property Details for 790 Old Colony Rd

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.62 lot acres
    Zone code
    M-3
    Property type
    Showrooms
    APN
    MERI M:803 B:135A L:105D
    APU
    MERIM803B135AL105D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 29, 2024 $350,000 790 Old Colony Rd LLC David R Guerrera Warranty Deed $250k · David R Guerrera
    Aug 28, 2023 — Kyle Sievert Raymond E Sievert Irt Quitclaim Deed · related —
    Apr 20, 2018 — Siever,raymond F 2018 Trust Raymond F Sievert Quitclaim Deed · related —
    Jun 24, 2004 — David R Guerrera — Deed Of Trust · related $75k · Banknorth NA
    Oct 16, 2000 $115,000 David R Guerrera Peruti,joseph J Warranty Deed $85k · Zenon Grzybowski
    Aug 26, 1991 — David R Guerrera — Deed Of Trust · related $9k · Dime Savings Bank Wallngford

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8129
    Latitude
    41.5184
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,660
    $109,830
    $46,060
    $155,890
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,345,000
      31,600 SF

      53 Main St

      SHOW ROOM, WAREHOUSE
      53 Main St, Meriden, CT 06451
      View Details
    • Value Estimation
      $2,290,000
      33,116 SF

      1 Main St

      SHOW ROOM, WAREHOUSE
      1 Main St, Meriden, CT 06451-4128
      View Details
    • Value Estimation by Request
      160 SF

      562 Oregon Rd

      SHOW ROOM, WAREHOUSE
      562 Oregon Rd, Meriden, CT 06451
      View Details
    • Value Estimation
      $6,665,000
      178,152 SF

      450 Lewis Ave

      SHOW ROOM, WAREHOUSE
      450 Lewis Ave, Meriden, CT 06451
      View Details
    • Value Estimation by Request
      3,915 SF

      273 Main St

      SHOW ROOM, WAREHOUSE
      273 Main St, Meriden, CT 06451-4031
      View Details
    • Value Estimation
      $6,705,000
      179,200 SF

      460 Lewis Ave

      SHOW ROOM, WAREHOUSE
      460 Lewis Ave, Meriden, CT 06451
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      7,200 SF

      Freestanding Retail Building with Visibility

      Freestanding retail building on a major corridor with a layout suited to retail, showroom, fitness, medical, or service use.
      500 West Main St, Meriden, CT 06451
      View Details
    • $699,000
      2,160 SF

      Established Liquor Store with Real Estate

      Profitable liquor store with property on high-traffic Hanover Road.
      854 Hanover Rd, Meriden, CT 06451
      View Details
    • New
      $540,000
      Pending

      Mixed-Use Building Near Train Station

      Versatile mixed-use property with industrial, retail, office, and residential spaces.
      109 Hanover St, Meriden, CT 06451
      View Details
    • Contact for pricing
      6,000 SF

      Former Bank Branch with Drive-Thru

      6,000 SF former bank branch with drive-thru for sale.
      55 Centennial Ave, Meriden, CT 06451
      View Details

    Similar Nearby for Lease

    • $175,000

      High-Traffic Corner Retail Opportunity

      Retail space on heavily trafficked corner, near major retailers.
      453 West Main St, Meriden, CT 06451
      View Details
    • Contact for pricing
      7,200 SF

      Freestanding Retail Building For Lease

      Former Aaron’s building available for lease.
      500 W Main St, Meriden, CT 06451
      View Details
    • Contact for pricing
      17,111 SF

      Meriden Retail Space For Rent

      Retail space for rent in Meriden, Connecticut.
      351 Kensington Ave, Meriden, CT 06451
      View Details
    • Contact for pricing

      Meriden Retail Spaces Available

      Retail spaces available, ranging from 150 to 102,985 SqFt.
      470 Lewis Ave, Meriden, CT 06451
      View Details
    • $4,500 /Mo
      3,944 SF

      Meriden Auto Repair Shop Rental

      Established auto repair shop for rent in high-traffic Meriden corridor.
      327 West Main St, Meriden, CT 06451
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    790 Old Colony Rd
    Meriden, CT 06451-7901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    790 Old Colony Rd, Meriden, CT, 06451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!