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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Investment properties
119 Water St Warren, RI 02885-3065
Entity Owned
4-yr Hold
Property ID
US76-0030209
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Construction
FRAME
Total area
3,456 SF
Lot
0.25 ac (10,977 SF)
Zoning code
VB
APN
WARR M:2 L:21
UPID
US76-0030209
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
-
Inspired Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$474k
Blend (final)
Blend
$720k
Owner & transaction history
119 Water Hldg LLC · 4 yrs held
119 Water Hldg LLC
since 2021
Last sale
$564,000
2 recorded transactions
Zoning & alternative use
VB · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
Zone name
Village Business
General category
MIXED_USE
Zone area
65.28 ac
Source
Realmo
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$720,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$700,000
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $564k (Dec 1 2021)
Last sale anchor
$564k
Dec 1 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
$208 / 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
$7,341
Tax year 2023
Assessed value
$537,400
Assessed 2023
Previous assessed
$537,400
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$141,300
Assessed improvement
$396,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
SPACE
Buildings
2
Stories
2
Units
8
Rooms
15
Bathrooms
3
Total area
3,456 SF
Lot
0.25 ac (10,977 SF)
Zoning code
VB
APN
WARR M:2 L:21
UPID
US76-0030209
Jurisdiction
WARREN
Zoning & alternative use
VB · Warren, RIZoning VB · permitted uses
VB · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
Zone name
Village Business
General category
MIXED_USE
Zone area
65.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
2
Units
8
Rooms
15
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
119 Water Hldg LLC
Entity
Mailing address
125 WATER ST, WARREN, RI 02885-3023
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$564,000
119 Water Hldg LLC
Robert E Gordon T
Deed
$423,000 · Banknewport
Nov 9, 2005
—
Robert E Gordon
—
Deed Of Trust
related
$100,000 · Bank Of America
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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