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Property profile & analytics
OFF-MARKET Estimated value $380,000
Industrial properties

132 Kingstown Rd Narragansett, RI 02882-3337

7,509 SF 1.7 ac lot Built 1920
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US76-0061855
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1920
Construction FRAME
Total area 7,509 SF
Lot 1.7 ac (74,052 SF)
Zoning code R-10
APN NARR M:H B:43
UPID US76-0061855
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$540k
Comparable Approach Comparable
$859k
Blend (final) Blend
$380k
Owner & transaction history
Connor R Shumate · 6 yrs held
Connor R Shumate
since 2019
7 recorded transactions
2020
Price N/A
2020
Price N/A
2019
Price N/A
2013
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-10 · Narragansett, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

streets in subdivisions located in the R-10, R-10A, and R-20 zoning districts, and in all residential cluster developments or multifamily developments except for short cul-de-sac streets serving five or fewer lots or dwellings. Sidewalks may be required to be installed along new streets in other areas if the planning board finds any of the following: a. The…

Zone name Residential High Density
General category RESIDENTIAL
Zone area 1,692.23 ac
Source code of ordinances
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