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Property profile & analytics
OFF-MARKET
Industrial land
Riv Rd Middletown, CT 06457
Individually Owned
Absentee Owner
Free & Clear
Property ID
US15-1128521
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.13 ac (49,223 SF)
Zoning code
R-45
APN
MTWN M:46 L:0003
UPID
US15-1128521
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
DAVID C MEEHL
DAVID C MEEHL
Zoning & alternative use
R-45 · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
the size criteria for lots in the R-45 zone as to adequately support private well and or septic system. 2. Lots may be established without city water provided they can be serviced with city sewer and are approved by both the Department of Water and Sewer and the Department of Health. Private wells will be considered only if city water is determined to be una…
Zone name
Residential
General category
RESIDENTIAL
Zone area
3,045.87 ac
Source
Zoning Code
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$332
Tax year 2023
Assessed value
$9,890
Assessed 2023
Previous assessed
$7,410
+33.5% YoY
Effective rate
3.36%
On assessed value
Assessed land
$9,890
Applied tax rate
250.0000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.13 ac (49,223 SF)
Zoning code
R-45
APN
MTWN M:46 L:0003
UPID
US15-1128521
Jurisdiction
MIDDLETOWN
Zoning & alternative use
R-45 · Middletown, CTZoning R-45 · permitted uses
R-45 · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
the size criteria for lots in the R-45 zone as to adequately support private well and or septic system. 2. Lots may be established without city water provided they can be serviced with city sewer and are approved by both the Department of Water and Sewer and the Department of Health. Private wells will be considered only if city water is determined to be unavailable (§19-13-B51 of the Connecticut Public Health Code). 2. Off-Street Parking. Off-street parking spaces and related provisions shall be in accordance with §4.19 Off-Street Parking and Off-Street Loading.
Zone name
Residential
General category
RESIDENTIAL
Zone area
3,045.87 ac
Source
Zoning Code
Building & site characteristics
From public records
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
DAVID C MEEHL
Individual
Free & Clear · 0 yrs held
Mailing address
130 CEDAR LN, MIDDLETOWN, CT 06457-4812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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