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Financial
Distress signals
Property profile

101 Franklin St 1c Westerly, RI 02891

FOR LEASE
Showrooms
Property ID
US76-0321723
5,235 SF 0.44 ac lot Built 1986
Last sale Sep 2020 · $455,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An office suite with a secure reception area that opens to three private offices and a half bathroom, configured for professional use and also suitable for certain retail and service purposes. The unit is served by central air and includes individual utilities, with town sewer, gas, and water, and separate electric and gas services for the suite. The suite provides two separate entrances, supporting flexible customer and employee access, and the property includes parking available in both the…

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?
$6k
Tax billed · 2024
Assessed value$584k
Assessed land$374k
Assessed improvement$210k
Effective rate1.05%

Value estimate

· Oct 2026
$555k
$500k – $611k
AI approach$615k
Submarket $/SF estimate$645k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$4k
Operating expenses−$3k
NOI · 833.28% cap applied$10k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$92 – $356
Qualifying comparables14

Cap rate analysis

How does the asset earn?
833.28%
$10k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWESTERLY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.5
Wholesale Shop11.8
Auto Parts Store11.5

Location

101 Franklin St, Unit 1c Westerly, RI 02891
County assessor Recorded deeds · 4 transfers 14 qualifying comp sales Zoning catalog · not on file

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29 Railroad, Westerly, RI 02891-1817 $785,000 Jul 2025 4,867 SF
77 Franklin, Westerly, RI 02891-3177 $1,178,425 Mar 2025 4,871 SF
236 Post, Westerly, RI 02891-2621 $11,100,000 Feb 2025 5,867 SF
37 Main, Westerly, RI 02891-2163 $991,250 Jun 2024 4,854 SF
9 Granite, Westerly, RI 02891-2207 $20,000 Jan 2024 6,132 SF
308 Shr, Westerly, RI 02891-3921 $1,100,000 Jul 2023 5,802 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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