Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

212 Water St Block Island, RI 02807

FOR SALE
Showrooms
Property ID
US76-0101021
7,546 SF 0.22 ac lot Built 1893
Last sale Jul 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

THE 212 is a waterfront hospitality property in the Old Harbor area, located within walking distance of the Block Island Ferry and surrounded by restaurants, shops, beaches, and marinas. The property is configured to support hospitality operations and includes guest accommodations, food and beverage venues, retail space, and employee housing, all under one ownership. The building has been the subject of a comprehensive multi-year transformation and is set up with associated furnishings, equipment, and building systems intended to support ongoing operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$1.68M
Assessed land$1.12M
Assessed improvement$556k
Effective rate0.55%

Value estimate

· Nov 2026
$1.45M
$1.31M – $1.60M
AI approach$1.51M
CAP approach$1.18M
Submarket $/SF estimate$903k
NOI build-up
Gross scheduled income$136k
Vacancy & credit loss−$6k
Operating expenses−$33k
NOI · 1.25% cap applied$98k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$205/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$113 – $305
Qualifying comparables4

Cap rate analysis

How does the asset earn?
1.25%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OHC
JurisdictionBLOCK ISLAND

Location intelligence

Which uses thrive at this corner?

Location

212 Water St Block Island, RI 02807
County assessor Recorded deeds · 3 transfers 4 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34 Ocean, Block Island, RI 02807-7728 $1,700,000 Nov 2022 5,122 SF
74 Side, Block Island, RI 02807 $8,745,000 Mar 2022 18,680 SF
508 Old Town, Block Island, RI 02807-7849 $1,750,000 Sep 2019 6,112 SF
32 Dodge, Block Island, RI 02807 $5,330,000 Feb 2019 11,503 SF
30 Water, Block Island, RI 02807-7713 $2,400,000 Dec 2018 12,236 SF
232 Water, Block Island, RI 02807-7711 $1,500,000 Dec 2018 3,895 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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