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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Showrooms
116 High St, Westerly, RI 02891-1887
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0345230
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,317 SF
Lot
0.56 ac (24,300 SF)
APN
WEST M:57 B:63
UPID
US76-0345230
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
Current use
Occupant on record · Public records
-
Psychology Associates-Westerly Family Counselor
-
Westerly Marriage Counselling Family Counselor Psychotherapist
-
Zartler Ann S Physician Medical Clinic
-
RCM Technologies, Inc. Business To Business Service Aerospace Company
-
Sorenson & Mc Cuin Contractor LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.17M
Owner & transaction history
J&c Luzzi Homes LLC · 2 yrs held
J&c Luzzi Homes LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Westerly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerly 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
$1,035,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.10M (Jul 11 2023)
Last sale anchor
$1.10M
Jul 11 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
$55 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,612
Tax year 2024
Assessed value
$1,111,200
Assessed 2024
Previous assessed
$1,111,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$197,700
Assessed improvement
$913,500
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
10
Total area
21,317 SF
Lot
0.56 ac (24,300 SF)
APN
WEST M:57 B:63
UPID
US76-0345230
Jurisdiction
WESTERLY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
10
Lot
0.56 ac
Current owner
From public records · entity-resolved
J&c Luzzi Homes LLC
Entity
Mailing address
116 HIGH ST, WESTERLY, RI 02891-1887
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$1,100,000
J&c Luzzi Homes LLC
Dixon Street Realty LLC
Warranty Deed
—
Aug 22, 2013
$162,000
Dixon St Realty LLC
Myers,eugene L
Warranty Deed
—
Dec 30, 2009
—
Dixon Street Realty LLC
—
Deed Of Trust
related
$550,000 · Washington Trust Co
Jun 21, 2007
—
Dixon Realty
—
Deed Of Trust
related
$170,000 · Washington Trust Co
Aug 31, 2006
$280,000
Sorensen&mccuin Contr LLC
Debernardo,pasquale
Grant Deed
$275,000 · Washington Trust Co
Dec 20, 2004
—
Dixon Street Realty LLC
—
Deed Of Trust
related
$60,000 · Washington Trust Co
Jul 27, 2001
—
Sorensen
—
Deed Of Trust
related
$364,000 · Washington Trust Co
Aug 22, 1997
$130,000
Sorensen
Barber,daniel G
Grant Deed
$104,000 · Washington Trust Co
—
—
Dixon Street Rlty LLC
—
Deed Of Trust
related
$1,020,000 · Washington Tr Co
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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