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    Property profile & analytics

    123 Ocean Ave Block Island, RI 02807-7903

    • Investment properties
    • 8,402 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US76-0191070
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 123 Ocean Ave

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    8,402 SF
    Zone code
    SC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BLOC M:05 L:011
    APU
    BLOCM05L011

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Block Island
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.5768
    Latitude
    41.1706
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,787
    $689,500
    $1,083,500
    $1,773,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $460,000
      576 SF

      1186 Dodge St

      OFFICE/RESIDENTIAL (MIXED USE) • 576 SF
      1186 Dodge St, Block Island, RI 02807
      View Details
    • Value Estimation
      $1,820,000
      2,626 SF

      354 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,626 SF
      354 High St, Block Island, RI 02807-7825
      View Details
    • Value Estimation
      $320,000
      912 SF

      70 Ocean Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 912 SF
      70 Ocean Ave, Block Island, RI 02807-7728
      View Details
    • Value Estimation
      $325,000
      0.44 Acres

      442 Dodge St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.44 Acres
      442 Dodge St, Block Island, RI 02807-7898
      View Details
    • Value Estimation
      $655,000
      8,303 SF

      227 Water St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,303 SF
      227 Water St, Block Island, RI 02807-7711
      View Details
    • Value Estimation
      $400,000
      2,520 SF

      102 Ocean Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,520 SF
      102 Ocean Ave, Block Island, RI 02807-7717
      View Details

    Similar Nearby for Sale

    • $3,775,000
      3,859 SF

      Block Island Mixed-Use Investment Opportunity

      Prime commercial and residential property in downtown Block Island, RI.
      442 Dodge St, Block Island, RI 02807
      View Details
    • $2,400,000
      2,088 SF

      Mixed-Use Property in Desirable Location

      Mixed-use property with flexible commercial space and residential unit.
      454 Ocean Ave, Block Island, RI 02807
      View Details
    • $2,295,000
      3,766 SF

      Versatile Two-Family Home Block Island

      Two-family home with rental income potential in prime location.
      557 Ctr Rd, Block Island, RI 02807
      View Details
    • $1,895,000
      1.90 Acres

      Block Island Land with Ocean Views

      1.9-acre Block Island lot with approved septic and ocean views.
      Mohegan Trl, Block Island, RI 02807
      View Details
    • $1,950,000
      1.90 Acres

      Block Island Land Near Lighthouse

      Unimproved land with ocean views near Southeast Lighthouse.
      Southeast Rd, Block Island, RI 02807
      View Details
    • $1,200,000
      0.36 Acres

      Residential Land in Prime Location

      Residential land near ferry, shops, beaches, and restaurants.
      High St, Block Island, RI 02807
      View Details
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    123 Ocean Ave
    Block Island, RI 02807-7903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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