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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Showrooms
1209 Hartford Ave, Johnston, RI 02919-7118
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0314777
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,530 SF
Lot
0.61 ac (26,550 SF)
Zoning code
B2
APN
JOHN M:0020 L:032
UPID
US76-0314777
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
$1.27M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$1.27M
Owner & transaction history
Al Barkat Realty LLC · 2 yrs held
Al Barkat Realty LLC
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
B2 · Johnston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+25.2%
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 Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston 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
$1,315,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Current use
OFFICE BUILDING
$1,400,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.25M (Nov 22 2023)
Last sale anchor
$1.25M
Nov 22 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
$194 / 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
$15,770
Tax year 2024
Assessed value
$574,900
Assessed 2024
Previous assessed
$574,900
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$219,800
Assessed improvement
$355,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
6,530 SF
Lot
0.61 ac (26,550 SF)
Zoning code
B2
APN
JOHN M:0020 L:032
UPID
US76-0314777
Jurisdiction
JOHNSTON
Zoning & alternative use
B2 · Johnston, RI
Zoning B2 · permitted uses
B2 · Johnston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Al Barkat Realty LLC
Entity
Mailing address
1209 HARTFORD AVE, JOHNSTON, RI 02919-7118
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Al Barkat Realty LLC
—
Deed
related
$55,000 · Joseph Najm
Nov 22, 2023
$1,250,000
Al Barkat Realty LLC
5 Stars Mgmt Services LLC
Warranty Deed
$1 · 5 Stars Mgmt Svcs LLC
Aug 24, 2016
—
5 Stars Management Svcs
—
Deed
related
$206,000 · Vincent J Moses
Dec 2, 2013
—
5 Stars Management Svcs
Najm,joseph & Joseph
Quit Claim Deed
related
—
Feb 20, 1997
$255,000
Joseph Najm
Casali,joseph
Grant Deed
$245,000 · Zenon Grzybowski
—
—
5 Stars Management Svcs
—
Deed Of Trust
related
$206,000 · Vincent J Moses
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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