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Property profile & analytics
OFF-MARKET
Estimated value
$3,900,000
Showrooms
1215 Main Rd Middletown, RI 02842-6333
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0341995
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,511 SF
Lot
1.25 ac (54,450 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:91
UPID
US76-0341995
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
-
Hyundai of Newport Service Center Auto Repair Shop
-
Hyundai of Newport Parts Department Auto Parts Store
-
Hyundai of Newport Car Dealership
-
Trujillo Porta Potty Rental Company Building Supply
-
BMW OF NEWPORT Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.35M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$3.90M
Owner & transaction history
Staet Hldgs Ocean · 6 yrs held
Staet Hldgs Ocean
since 2020
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
GBA · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,630,000
6.5%
$3,350,000
7%
$3,110,000
Blend value · Realmo final
$3.90M
Range $3.51M – $4.29M · ±10% · vs last sale $3.95M (Feb 28 2020)
Last sale anchor
$3.95M
Feb 28 2020
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
$181 / 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
$49,066
Tax year 2024
Assessed value
$3,780,100
Assessed 2024
Previous assessed
$3,780,100
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$819,400
Assessed improvement
$2,960,700
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
21,511 SF
Lot
1.25 ac (54,450 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:91
UPID
US76-0341995
Jurisdiction
MIDDLETOWN
Zoning & alternative use
GBA · Middletown, RI
Zoning GBA · permitted uses
GBA · 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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Staet Hldgs Ocean
Individual
Free & Clear · 6 yrs held
Mailing address
375 COMMERCE PARK RD, NORTH KINGSTOWN, RI 02852-8420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$3,950,000
Staet Hldgs Ocean
Mdr Ents LLC
Warranty Deed
—
Jul 31, 2014
$3,750
Corp One Realty LLC
Gudwhite Corporate Pl
Warranty Deed
—
Jul 26, 2011
—
Capodilupo T Peter
—
Deed Of Trust
related
$2,000,000 · Bank Of Newport
—
—
Mdr Ents LLC
—
Deed Of Trust
related
$4,615,000 · 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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