Financial
Distress signals
Property profile

115 Duke St East Greenwich, RI 02818

FOR SALE
Showrooms
Property ID
US76-0100402
3,320 SF 0.13 ac lot Built 1945
Last sale Aug 2023 · $415,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A brick-front flex building in East Greenwich configured for hobby garage, office, and toy/storage use, with two overhead drive-in doors. The building is equipped with heavy electric service, central air conditioning, gas heating, floor drains, and public utilities, supporting light industrial and operational functions. The existing layout provides dedicated garage/storage areas alongside an office component, combining work space and functional storage under one roof. The property is located

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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 · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$271k
Assessed land$184k
Assessed improvement$86k
Effective rate2.49%

Value estimate

· Sep 2026
$550k
$495k – $605k
AI approach$555k
CAP approach$630k
Sales comparison$706k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 2.72% cap applied$20k

Realmo valuation models over county records and 24 qualifying comparable sales.

Recently sold

What actually traded nearby?
$347/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$213 – $511
Qualifying comparables24

Cap rate analysis

How does the asset earn?
2.72%
$20k 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?
CD
JurisdictionEAST GREENWICH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
HVAC Service10.0
Electrical Service9.6

Location

115 Duke St East Greenwich, RI 02818
County assessor Recorded deeds · 3 transfers 24 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
2300 New London, East Greenwich, RI 02818-1241 $9,215,000 Apr 2025 3,068 SF
3311 County, East Greenwich, RI 02818-1478 $670,000 Feb 2025 3,776 SF
840 Quaker, East Greenwich, RI 02818-1667 $3,000,000 Sep 2024 2,780 SF
5770 Post, East Greenwich, RI 02818-2139 $2,070,000 Nov 2023 3,700 SF
5687 Post, East Greenwich, RI 02818-3468 $2,012,931 May 2023 4,200 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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