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Property profile & analytics
OFF-MARKET
Estimated value
$4,115,000
Showrooms
11 Sextant Ln Narragansett, RI 02882-1147
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0038562
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
24,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
I-A
APN
NARR M:N-A B:43 L:4
UPID
US76-0038562
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
$4.34M
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$4.12M
Owner & transaction history
Prime Storage Narraganset · 3 yrs held
Prime Storage Narraganset
since 2022
Last sale
$3.7M
2 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
$4,115,000
ML approach
$4,335,000
CAP Approach
CAP Return
Estimation
6%
$4,050,000
6.5%
$3,740,000
7%
$3,470,000
Blend value · Realmo final
$4.12M
Range $3.70M – $4.53M · ±10% · vs last sale $3.69M (Nov 30 2022)
Last sale anchor
$3.69M
Nov 30 2022
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
$171 / 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
$44,610
Tax year 2023
Assessed value
$3,548,900
Assessed 2023
Previous assessed
$3,548,900
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$347,400
Assessed improvement
$3,201,500
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
1
Total area
24,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
I-A
APN
NARR M:N-A B:43 L:4
UPID
US76-0038562
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Prime Storage Narraganset
Individual
Mailing address
11 SEXTANT LN, NARRAGANSETT, RI 02882-1147
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2025
—
Prime Storage Narraganset
—
Deed
related
$479,000,000 · Goldman Sachs Bank USA
Nov 30, 2022
$3,688,190
Prime Storage Narraganset
Anchor Self Strg Of Narra
Warranty Deed
$250,000,000 · Citibank NA
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.
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