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Financial
Distress signals
Property profile

116 Aquidneck Ave Middletown, RI 02842

OFF-MARKET
Showrooms
Property ID
US76-0377491
5,544 SF 0.31 ac lot Built 1960
Last sale Jan 2018 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of two adjacent commercial spaces in Middletown, offered as a single combined parcel totaling approximately 0.57 acres. One space is a 5,500 sq. ft. Mexican restaurant and function venue with seating for approximately 166 patrons, configured for dining and private events and designed for year-round operation; it includes pond views and is located to face west toward Easton Pond. The second space is a 3,600 sq. ft. building situated on land zoned LBA and is configured for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$20k
Tax billed · 2024
Assessed value$1.52M
Assessed land$839k
Assessed improvement$679k
Effective rate1.30%

Value estimate

· Oct 2026
$960k
$864k – $1.06M
CAP approach$865k
Submarket $/SF estimate$826k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$258/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$189 – $349
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LBA
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to n...
General categoryMIXED_USE
JurisdictionMIDDLETOWN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply30.1
Realty agency29.7
Dental Office26.1

Location

116 Aquidneck Ave Middletown, RI 02842-5610
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
345 Vly, Middletown, RI 02842-5270 $1,800,000 Feb 2026 6,577 SF
963 Aquidneck, Middletown, RI 02842-7202 $270,000 Feb 2026 4,355 SF
15 Aquidneck, Middletown, RI 02842-5685 $28,820 Jun 2025 5,964 SF
150 Aquidneck, Middletown, RI 02842-5610 $3,500,000 Aug 2024 5,228 SF
120 Miantonomi, Middletown, RI 02842-5450 $2,250,000 Dec 2023 8,686 SF
190 Main, Middletown, RI 02842-4987 $1,280,000 Sep 2023 3,819 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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