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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Showrooms
120 Miantonomi Ave Middletown, RI 02842-5450
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0321116
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1856
Total area
8,686 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R10
APN
MIDD M:0108 B:SE L:57
UPID
US76-0321116
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
-
The Hamilton Hoppin House (Formerly Villa 120 Inn) Hotel & Motel Bed & Breakfast
-
Villa One Twenty Hotel & Motel
-
Villa 120 at Hamilton Hoppin House Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.87M
Owner & transaction history
120 Miantonomi LLC · 2 yrs held
120 Miantonomi LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
R10 · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,725,000
ML approach
$1,740,000
CAP Approach
CAP Return
Estimation
6%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $2.25M (Dec 1 2023)
Last sale anchor
$2.25M
Dec 1 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
$215 / 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
$21,597
Tax year 2024
Assessed value
$1,663,900
Assessed 2024
Previous assessed
$1,338,100
+24.3% YoY
Effective rate
1.30%
On assessed value
Assessed land
$467,100
Assessed improvement
$1,196,800
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
1856
Heating
STEAM
Buildings
1
Stories
3
Units
8
Rooms
12
Bathrooms
8
Total area
8,686 SF
Lot
0.65 ac (28,314 SF)
Zoning code
R10
APN
MIDD M:0108 B:SE L:57
UPID
US76-0321116
Jurisdiction
MIDDLETOWN
Zoning & alternative use
R10 · Middletown, RI
Zoning R10 · permitted uses
R10 · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1856
Heating
STEAM
Stories
3
Buildings
1
Units
8
Rooms
12
Bathrooms
8
Lot
0.65 ac
Current owner
From public records · entity-resolved
120 Miantonomi LLC
Entity
Mailing address
120 MIANTONOMI AVE, MIDDLETOWN, RI 02842-5450
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$2,250,000
120 Miantonomi LLC
Avalon Venture LLC
Quit Claim Arm's Length For Ne States
$1,750,000 · Avalon Ventures LLC
Oct 30, 2023
$2,364,490
Avalon Venture LLC
Hoppin House LLC
Warranty Deed
—
Aug 3, 2021
$2,465,000
Hoppin House LLC
Villa 1-20 LLC
Warranty Deed
$2,364,490 · Avalon Ventures LLC
Jan 6, 2010
$950,000
Villa Blanco LLC
Werner-wessel,stefan
Warranty Deed
—
Mar 28, 2007
—
Stefan Wessel
—
Deed Of Trust
related
$200,000 · E-loan INC
Dec 13, 2006
$1,500,000
Stefan Werner Wessel
Fabricant,selma
Grant Deed
$975,000 · Quicken Loans INC
Jan 13, 2006
—
Selma Fabrucant
—
Deed Of Trust
related
$139,000 · Newport Fsb
Jan 13, 2004
—
Selma Fabricant
—
Deed Of Trust
related
$55,000 · Fleet National Bank
Jun 21, 2001
—
Randy I Fabriant
—
Deed Of Trust
related
$60,000 · Newport Fsb
Apr 9, 2001
—
Selma P Fabricant
—
Deed Of Trust
related
$489,000 · Newport Fsb
Feb 28, 1994
$578,000
Selma P Fabricant
Dan Mar Assoc Ltd
Grant Deed
$227,000 · Financial Enterprise Corp
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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