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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Investment properties
128 Main St Westerly, RI 02891-2132
Entity Owned
4-yr Hold
Property ID
US76-0344888
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1842
Construction
FRAME
Total area
3,793 SF
Lot
0.57 ac (24,697 SF)
APN
WEST M:66 B:45
UPID
US76-0344888
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
-
Trek Tours Ltd Travel Agency
-
Laudone Financial Financial Advisor
-
Main Street Historic District Tour Operator
-
In Touch Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$770k
Owner & transaction history
Duma 128 Main St LLC · 4 yrs held
Duma 128 Main St LLC
since 2022
Last sale
$690,000
6 recorded transactions
Zoning & alternative use
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 Westerly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerly 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
$770,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
OFFICE BUILDING
$665,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $690k (Jul 12 2022)
Last sale anchor
$690k
Jul 12 2022
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
$203 / 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
$5,692
Tax year 2024
Assessed value
$544,700
Assessed 2024
Previous assessed
$544,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$239,900
Assessed improvement
$304,800
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
Off-Market
Year built
1842
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Total area
3,793 SF
Lot
0.57 ac (24,697 SF)
APN
WEST M:66 B:45
UPID
US76-0344888
Jurisdiction
WESTERLY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$665,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1842
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Duma 128 Main St LLC
Entity
Mailing address
128 PO BOX 1273RD ST, ATTLEBORO FALLS, MA 02763-0273
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Dec 22, 2022
—
128 Main Street LLC
—
Deed
related
$300,000 · The Washington Trust Co Of Westerly
Jul 12, 2022
$690,000
Duma 128 Main St LLC
Hrh LLC
Warranty Deed
—
Oct 16, 2014
$575,000
Hrh LLC
128 Main St LLC
Warranty Deed
$460,000 · Pawtucket Cu
Nov 18, 2005
—
128 Main Street LLC
—
Deed Of Trust
related
$100,000 · Washington Trust Co
Apr 29, 2004
—
128 Main Street LLC
—
Deed Of Trust
related
$270,000 · Washington Trust Co
Dec 21, 1989
$200,000
Derirdre F Longergon
Seventh Day Baptist
Grant Deed
$250,000 · Westerly Savings & Loan Assn
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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