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    27 High St New Shoreham, RI 02807

    • Amusement parks
    For Sale
    View listing
    $44,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Amusement parks

    Property Details for 27 High St

    Year built
    2003
    Property type
    Amusement parks
    Property subtype
    Specialty properties

    Description

    This unique three-story, 5,227 sq ft property at 27 High Street, Unit 3, Block Island, RI 02807, is a versatile commercial space built in 2003. Located just outside of town, this single-building property offers ample space with a welcoming front porch and substantial storage. Previously used as a pharmacy, general store, and art gallery, it's adaptable to various businesses. The interior, while requiring some repairs and outfitting to be completed by the condo association, is filled with natural light. The 1,380 sq ft space presents an excellent opportunity for a business owner seeking a blend of commercial and residential potential. The property includes a full bath. This exceptional opportunity is priced at $44,000. The lot size is 5,227 square feet. The property is located in Washington County, Rhode Island.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Shoreham
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.5585
    Latitude
    41.1709

    Comparable in this City

    • Value Estimation by Request

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      Sands Pond Rd

      CHARITABLE ORGANIZATION • 1.38 Acres
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      High St

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      6.60 Acres

      Coast Guard Rd

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      1.22 Acres

      Ww Bch Rd

      CHARITABLE ORGANIZATION • 1.22 Acres
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    Similar Nearby for Sale

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      Block Island Commercial Gem

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      Mixed-Use Property in Desirable Location

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      Block Island Land with Ocean Views

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      Block Island Land Near Lighthouse

      Unimproved land with ocean views near Southeast Lighthouse.
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      Residential Land in Prime Location

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    27 High St
    New Shoreham, RI 02807
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    Realmo Value Estimation

    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.

    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.

    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
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