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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Showrooms
1250 Main Rd Portsmouth, RI 02871-2339
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US76-0192683
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,906 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LI
APN
PORT M:053 B:0011
UPID
US76-0192683
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
-
Maritime Solutions, Inc. (Bike/Boat/Book/etc) Store
-
Freedom Boat Club RI Boat Club Boat Rental Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$960k
Owner & transaction history
Cromwell Real Estate LLC · 12 yrs held
Cromwell Real Estate LLC
since 2014
7 recorded transactions
Zoning & alternative use
LI · Portsmouth, 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 Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth 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%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$139 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,324
Tax year 2023
Assessed value
$964,300
Assessed 2023
Previous assessed
$868,900
+11.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$396,800
Assessed improvement
$567,500
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
6,906 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LI
APN
PORT M:053 B:0011
UPID
US76-0192683
Jurisdiction
PORTSMOUTH
Zoning & alternative use
LI · Portsmouth, RI
Zoning LI · permitted uses
LI · Portsmouth, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Cromwell Real Estate LLC
Entity
Mailing address
1250 E MAIN RD, PORTSMOUTH, RI 02871-2339
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2017
—
Cromwell Real Estate LLC
—
Deed
related
$130,000 · Bank Of Newport
Feb 25, 2014
$233,000
Cromwell Real Estate LLC
Richardson,john G & Sharon L
Warranty Deed
—
Dec 27, 2013
—
Cromwell Real Estate LLC
—
Deed Of Trust
related
$250,000 · Bank Of Newport
Dec 27, 2007
$725,000
Re Cromwell
Leatherbee Performan Corp
Warranty Deed
—
Aug 11, 2004
$562,500
Leatherbee Performan Corp
Dutra,raymond
Grant Deed
$410,000 · Bank Of Rhode Island
Aug 17, 1999
$275,000
Raymond Dutra
Sousa,frank H
Grant Deed
$200,000 · Zenon Grzybowski
—
—
Cromwell Real Estate LLC
—
Deed Of Trust
related
$130,000 · 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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