Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    930 Meriden Ave Southington, CT 06489
    Back to Search
    Property profile & analytics

    930 Meriden Ave, Southington, CT 06489

    View on Map
    • Retail space
    • 15,156 SF
    • 1.26 lot acres
    Off-Market
    Property ID
    US15-0733841
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 930 Meriden Ave

    Year built
    1988
    Construction
    FRAME
    Lot size
    1.26 lot acres
    Zone code
    B
    Property type
    Retail space
    APN
    SOUT M:023 L:011
    APU
    SOUTM023L011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 1998 — Format LLC — Deed Of Trust · related $400k · Eagle Federal Savings Bank
    Feb 13, 1998 — Format LLC — Deed Of Trust · related $400k · Eagle Federal Savings Bank
    Jun 13, 1997 $350,000 Mathew Florian Ct Prop Joint Venture Warranty Deed $300k · Zenon Grzybowski
    Aug 1, 1990 $350,000 John Rivera Md Florian,mathew Grant Deed $325k · State Savings Bank
    Jul 20, 1989 $33,333 Donald Hagstrom JR. Florian,mathew Grant Deed —
    Nov 9, 1987 — Stavros Papaghristou — Deed Of Trust · related $290k · Gateway Bank
    Mar 6, 1987 — Matthew Florian — Deed Of Trust · related $100k · State Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $679,000
      Market price range: $573k - $1.69M

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

    Location Insight

    • Map
    • Local Demand
    City
    Southington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8759
    Latitude
    41.5629
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    2023
    $19,528
    $107,160
    $536,060
    $643,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      1631 Mt Vernon Rd

      RETAIL STORES (PERSONAL SERVICES)
      1631 Mt Vernon Rd, Southington, CT 06489
      View Details
    • Value Estimation by Request
      1,196 SF

      934 Queen St

      RETAIL STORES (PERSONAL SERVICES)
      934 Queen St, Southington, CT 06489-2161
      View Details
    • Value Estimation by Request
      3,500 SF

      657th Queen St

      RETAIL STORES (PERSONAL SERVICES)
      657th Queen St, Southington, CT 06489-1504
      View Details
    • Value Estimation by Request
      3,469 SF

      35 Ctr St

      RETAIL STORES (PERSONAL SERVICES)
      35 Ctr St, Southington, CT 06489-3106
      View Details
    • Value Estimation by Request
      2,934 SF

      50 Ctr St

      RETAIL STORES (PERSONAL SERVICES)
      50 Ctr St, Southington, CT 06489-3146
      View Details
    • Value Estimation by Request
      1,800 SF

      384 Belleview Ave

      RETAIL STORES (PERSONAL SERVICES)
      384 Belleview Ave, Southington, CT 06489-3734
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,481 SF

      Versatile Office/Retail Space For Sale

      Office/Retail space with modern industrial charm, commuter access, parking.
      56 Center St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,700 SF

      Prime Retail/Office Space Available

      High-visibility commercial space in a bustling Hartford County location.
      474 North Main St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,896 SF

      Remodeled Mixed-Use Building

      Completely remodeled mixed-use building in downtown Southington.
      100 Center St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,100 SF

      Prime Retail/Office Space Available

      High-visibility retail/office space in a thriving commercial area.
      244 Queen St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,246 SF

      Southington Retail/Restaurant Opportunity on Queen

      Retail or restaurant property with high visibility and traffic flow.
      613 Queen St, Southington, CT 06489
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space on Queen Street

      High-visibility retail space with strong demographics and easy highway access.
      166 Queen St, Southington, CT 06489
      View Details
    • $1,650 /Mo
      1,180 SF

      Retail Space on Busy Route

      Retail space with high visibility and easy highway access.
      1783 Meriden Waterbury Tpke, Southington, CT 06489
      View Details
    • Contact for pricing
      3,404 SF

      Retail Space in Shop Rite Plaza

      Retail space for lease in a busy shopping center.
      720-774 Queen St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,869 SF

      Historic Mill Retail/Office Space

      Renovated retail/office space in downtown Southington.
      168 Center St, Southington, CT 06489
      View Details
    • Contact for pricing
      1,665 SF

      Prime Southington Retail/Office Space

      1,665 SF space in a high-traffic Southington location.
      360 North Main St, Southington, CT 06489
      View Details
    • $18 SF/Yr
      1,989 SF

      Downtown Southington Retail Space

      Prime retail space in Southington's thriving downtown district.
      83 Center Street Ext, Southington, CT 06489
      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.
    930 Meriden Ave
    Southington, CT 06489
    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
    930 Meriden Ave, Southington, CT, 06489
    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!