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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Investment properties
1187 Putnam Pike Chepachet, RI 02814-1962
Entity Owned
Property ID
US76-0318606
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1770
Total area
3,303 SF
Lot
0.18 ac (7,623 SF)
Zoning code
3
APN
GLOC M:10A B:070
UPID
US76-0318606
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
$600k
Comparable Approach
Comparable
$338k
Blend (final)
Blend
$545k
Owner & transaction history
Northers Valley LLC
Northers Valley LLC
since 2025
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
3 · Chepachet, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$630,000
+116.4%
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 Chepachet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chepachet 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
$670,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Change: +116% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Jun 30 2023)
Last sale anchor
$525k
Jun 30 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
$165 / 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
Assessed value
$361,000
Assessed 2024
Previous assessed
$361,000
+0.0% YoY
Assessed land
$81,200
Assessed improvement
$279,800
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
Year built
1770
Heating
ELECTRIC
Buildings
1
Stories
2
Units
5
Rooms
16
Bathrooms
6
Total area
3,303 SF
Lot
0.18 ac (7,623 SF)
Zoning code
3
APN
GLOC M:10A B:070
UPID
US76-0318606
Jurisdiction
GLOCESTER
Zoning & alternative use
3 · Chepachet, RIZoning 3 · permitted uses
3 · Chepachet, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$630,000
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
1770
Heating
ELECTRIC
Stories
2
Buildings
1
Units
5
Rooms
16
Bathrooms
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
Northers Valley LLC
Entity
Mailing address
1187 PUTNAM PIKE, CHEPACHET, RI 02814-1962
Ownership since
2025
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
Dec 19, 2025
—
Northern Valley LLC
—
Deed
related
$495,000 · All One Credit Union
Dec 2, 2025
—
Northers Valley LLC
Blackstone Vly Hsng LLC
Quitclaim Deed
related
—
Jun 30, 2023
$525,000
Blackstone Vly Housign Ll
Steven M Holcomb
Warranty Deed
$515,000 · Michael Harris
Jul 14, 2021
$375,000
Steven M Holcomb
James Davidge
Warranty Deed
$200,000 · Russell Lebel
Sep 19, 2007
$361,200
James Davidge
Paul N Ianuzzi
Deed
$270,900 · Franklin Amer Mtg
Jan 31, 2006
—
Paul N Iannuzzi
—
Deed Of Trust
related
$283,500 · Northside Mortgage Group
Sep 21, 2000
—
Christine N Iannuzzi
—
Deed Of Trust
related
$127,454 · United Airlines FCU
Aug 31, 2000
—
Christine N Iannuzzi
—
Deed Of Trust
related
$17,000 · First Federal Savings Bank
Jun 7, 1999
—
Christine N Iannuzzi
—
Deed Of Trust
related
$145,706 · Market Street Mortgage
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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