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Property profile & analytics
OFF-MARKET
Showrooms
1165 Succotash Rd, Narragansett, RI 02879
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US76-0029741
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
0.05 ac (2,108 SF)
Zoning code
B-C
APN
NARR M:I-J B:23 L:2A
UPID
US76-0029741
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harbour Bay LP · 15 yrs held
Harbour Bay LP
since 2011
7 recorded transactions
Zoning & alternative use
B-C · Narragansett, RI
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,408
Tax year 2023
Assessed value
$271,100
Assessed 2023
Previous assessed
$271,100
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$223,400
Assessed improvement
$47,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
0.05 ac (2,108 SF)
Zoning code
B-C
APN
NARR M:I-J B:23 L:2A
UPID
US76-0029741
Jurisdiction
NARRAGANSETT
Zoning & alternative use
B-C · Narragansett, RI
Zoning B-C · permitted uses
B-C · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Narragansett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Harbour Bay LP
Entity
Mailing address
400 S COUNTY TRL STE A207, EXETER, RI 02822-3540
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Harbour Bay LP
—
Deed
related
$350,000 · Garco LLC
May 31, 2024
—
Garco LLC
—
Deed
related
$350,000 · Harbour Bay LP
Jun 16, 2021
—
Harbor Bay LP
—
Deed
related
$400,000 · Banknewport
Jun 21, 2011
$595,000
Harbour Bay LP
San Hill Group LLC
Warranty Deed
—
Nov 16, 2009
$70,500
Harbour Bay LP
Catelli,joseph R
Warranty Deed
—
Oct 17, 2008
$70,000
Harbour Bay LP
Dibasio,lori
Warranty Deed
—
Oct 17, 2008
$1
Lori Dibiasio
Catelli,joseph L
Grant Deed
related
—
Oct 29, 2003
—
Joseph R Catelli
—
Deed Of Trust
related
$120,000 · First Trade Union Savings Bank
Aug 28, 2003
$280,000
Joseth R Catelli
Liddle,alfred H 3rd
Grant Deed
$75,000 · Frank Cabral
May 15, 1997
$37,000
Alfred H Liddlw 3rd
Kenyon Association INC
Grant 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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