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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Investment properties
1167 Main St Richmond, RI 02898-1095
Entity Owned
4-yr Hold
Property ID
US76-0136610
Property summary
AI-generated overview
This exceptional executive office suite, located at 1167 Main Street in Richmond, Rhode Island, presents a fantastic opportunity for businesses seeking a prestigious address. Situated in a single-building complex constructed in 2005, this 1-unit space is perfect for a small business or professional needing a dedicated workspace. The asking price is $800. The unit is located on the second floor and is categorized as both retail and office space. While the lot size is not specified, the building offers convenient amenities including heat, water, trash removal, and grounds maintenance, all included in the rental price. The building owner provides 24/7 availability for tenant support. This is a yearly lease agreement, requiring a security deposit and first month's rent upon signing. The property's address is 1167 Main Street, Richmond, RI 02898, within Washington County. This is an ideal location for businesses seeking a blend of convenience and professional image. The property is conveniently located in the heart of Richmond.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
2.7 ac (117,612 SF)
APN
RICH M:05B B:063 L:000
UPID
US76-0136610
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
-
NAPA Auto Parts - Wyoming Auto and Truck Parts Auto Parts Store
-
Amped Music School Vocational School Training Center
-
Rhode Island Junk And Hauling Waste Management Facility
-
Cut + Dry Styles Barber Shop
-
The Parlor Hair Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Artemis Properties LLC · 4 yrs held
Artemis Properties LLC
since 2021
Last sale
$850,000
3 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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$1,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $850k (Sep 23 2021)
Last sale anchor
$850k
Sep 23 2021
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
—
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
$11,883
Tax year 2023
Assessed value
$805,100
Assessed 2023
Previous assessed
$805,100
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$158,000
Assessed improvement
$647,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Buildings
2
Units
5
Lot
2.7 ac (117,612 SF)
APN
RICH M:05B B:063 L:000
UPID
US76-0136610
Jurisdiction
RICHMOND
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
Heating
NONE
Buildings
2
Units
5
Lot
2.7 ac
Current owner
From public records · entity-resolved
Artemis Properties LLC
Entity
Mailing address
1167 MAIN ST, WYOMING, RI 02898-1095
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$850,000
Artemis Properties LLC
Thomas Saddow
Warranty Deed
$432,500 · Jewett City Savings Bank
Nov 3, 2004
—
Thomas E Saddow
—
Deed Of Trust
related
$640,000 · Bank Of Rhode Island
Sep 9, 1996
$85,000
Thomas E Shaddow
Washington Trust Co
Grant Deed
$72,000 · Washington Trust 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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