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Property profile & analytics
FOR LEASE
Investment properties
1237 Kingstown Rd South Kingstown, RI 02879-2570
Individually Owned
9-yr Hold
Absentee Owner
Property ID
US76-0084588
For Lease
1 / 2
$2,200/Mo
1237 Kingstown Rd, South Kingstown, RI 02879-2570
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.44 ac (19,166 SF)
Zoning code
CD
APN
SKIN P:048-2 L:000032
UPID
US76-0084588
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
-
Ethnic Concepts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$310k
Owner & transaction history
Lois C Hamblet · 9 yrs held
Lois C Hamblet
since 2017
2 recorded transactions
Zoning & alternative use
CD · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0…
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
—
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
$7,029
Tax year 2024
Assessed value
$636,100
Assessed 2024
Previous assessed
$636,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$110,000
Assessed improvement
$526,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Heating
NONE
Buildings
2
Units
1
Lot
0.44 ac (19,166 SF)
Zoning code
CD
APN
SKIN P:048-2 L:000032
UPID
US76-0084588
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CD · South Kingstown, RIZoning CD · permitted uses
CD · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0 0 0 0 0 4, 6, 8, 10, 12 All Other Permitted Principal Uses 5,000 50 50% 40 15 0 0
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Lois C Hamblet
Individual
Mailing address
20 BAYVIEW AVE, NEWPORT, RI 02840-2108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2017
$482,500
Lois C Hamblet
Angle Properties LLC
Warranty Deed
$434,250 · Fall River Five Cents Savings Bank
Dec 16, 2013
—
Angle Properties LLC
—
Deed Of Trust
related
$528,000 · Bank Of Newport
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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