Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Showrooms
1 Celestial Dr Narragansett, RI 02882
Individually Owned
20-yr Hold
Free & Clear
Property ID
US76-0162427
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
4,580 SF
Lot
0.54 ac (23,627 SF)
Zoning code
I-A
APN
NARR M:N-A B:43 L:10
UPID
US76-0162427
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
$715k
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$300k
Owner & transaction history
Kevin Mulholland · 20 yrs held
Kevin Mulholland
since 2006
5 recorded transactions
Zoning & alternative use
I-A · Narragansett, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is composed of certain land and structures in which research industries and limited industrial uses are permitted, but general industrial uses are prohibited, The exclusion of general industrial uses is intended to promote the economic welfare of the town by preserving sites for research and limited industrial uses
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
205.95 ac
Source
Realmo
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 Narragansett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narragansett 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$660,000
Blend value · Realmo final
$300k
Range $270k – $330k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$66 / SF
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
$4,701
Tax year 2023
Assessed value
$374,000
Assessed 2023
Previous assessed
$374,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$204,600
Assessed improvement
$169,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
4,580 SF
Lot
0.54 ac (23,627 SF)
Zoning code
I-A
APN
NARR M:N-A B:43 L:10
UPID
US76-0162427
Jurisdiction
NARRAGANSETT
Zoning & alternative use
I-A · Narragansett, RIZoning I-A · permitted uses
I-A · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is composed of certain land and structures in which research industries and limited industrial uses are permitted, but general industrial uses are prohibited, The exclusion of general industrial uses is intended to promote the economic welfare of the town by preserving sites for research and limited industrial uses
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
205.95 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Kevin Mulholland
Individual
Free & Clear · 20 yrs held
Mailing address
17 ARNOLD ST STE #100, WAKEFIELD, RI 02879-3744
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2017
—
Scot V Hallberg
—
Deed
related
$150,000 · Audrey Hallberg
Jan 16, 2009
—
Scot V Halberg
—
Deed Of Trust
related
$750,000 · Newport Fsb
Mar 10, 2006
$127,000
Kevin Mulholland
S County Mgmt LLC
Grant Deed
—
Oct 20, 1999
—
Franis H Fallon
—
Deed Of Trust
related
$111,000 · Citizens Bank Of Ri
—
—
Scot V Hallberg
—
Deed Of Trust
related
$150,000 · Audrey Hallberg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1 Celestial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
