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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Specialty properties
1144 Narragansett Blvd Cranston, RI 02905-4012
Individually Owned
2-yr Hold
Free & Clear
Property ID
US76-0212061
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1919
Total area
2,352 SF
Lot
0.23 ac (9,973 SF)
Zoning code
B2
APN
CRAN M:2-4 L:3240 U:
UPID
US76-0212061
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
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$655k
Owner & transaction history
Peter Kohler · 2 yrs held
Peter Kohler
since 2023
Last sale
$725,000
1 recorded transaction
Zoning & alternative use
B2 · Cranston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to provide Single-family dwellings on lots of minimum areas of 6,000 square feet, two-family dwellings on lots of minimum areas of 8,000 square feet, and multi-family dwellings
Zone name
Single Two And Multifamily Dwelling
General category
RESIDENTIAL
Zone area
311.96 ac
Source
Realmo
Top alternative use upside
Office building
$505,000
+17.9%
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 Cranston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cranston 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
$605,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$425,000
Current use
OFFICE BUILDING
$505,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $725k (Nov 21 2023)
Last sale anchor
$725k
Nov 21 2023
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
$278 / 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
$9,136
Tax year 2023
Assessed value
$417,700
Assessed 2023
Previous assessed
$417,700
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$91,500
Assessed improvement
$326,200
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1919
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
2,352 SF
Lot
0.23 ac (9,973 SF)
Zoning code
B2
APN
CRAN M:2-4 L:3240 U:
UPID
US76-0212061
Jurisdiction
CRANSTON
Zoning & alternative use
B2 · Cranston, RIZoning B2 · permitted uses
B2 · Cranston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to provide Single-family dwellings on lots of minimum areas of 6,000 square feet, two-family dwellings on lots of minimum areas of 8,000 square feet, and multi-family dwellings
Zone name
Single Two And Multifamily Dwelling
General category
RESIDENTIAL
Zone area
311.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$505,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1919
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Peter Kohler
Individual
Free & Clear · 2 yrs held
Mailing address
1144 NARRAGANSETT BLVD, CRANSTON, RI 02905-4012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$725,000
Peter Kohler
1144-1146 Narragansett Bl
Warranty Deed
—
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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