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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Showrooms
1235 Main Rd Middletown, RI 02842-6391
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0378387
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Construction
STEEL FRAME
Total area
33,128 SF
Lot
3.4 ac (148,104 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:87
UPID
US76-0378387
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
-
BMW of Newport a Grieco Family Company Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.16M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$4.77M
Owner & transaction history
Mdr Enterprises LLC · 4 yrs held
Mdr Enterprises LLC
since 2021
6 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%
$5,590,000
6.5%
$5,160,000
7%
$4,790,000
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±10%
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
$144 / 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
$99,825
Tax year 2024
Assessed value
$7,690,700
Assessed 2024
Previous assessed
$6,562,000
+17.2% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,927,000
Assessed improvement
$5,763,700
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
33,128 SF
Lot
3.4 ac (148,104 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:87
UPID
US76-0378387
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Mdr Enterprises LLC
Entity
Mailing address
1235 W MAIN RD, MIDDLETOWN, RI 02842-6391
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
Mdr Enterprises LLC
—
Deed
related
$8,600,000 · Bank Of America NA
Dec 13, 2021
—
Mdr Enterprises LLC
Mdr Realty 2 LLC
Warranty Deed
—
Dec 12, 2016
$2,800,000
Mdr Ents LLC
Mdr Ents LLC
Warranty Deed
related
—
Jul 26, 2011
—
Capodilupo T Peter
—
Deed Of Trust
related
$2,000,000 · Bank Of Newport
Mar 13, 2009
$680,000
Avenir Realty LLC
1235 Wmr Rlty
Warranty Deed
—
—
—
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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