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Property profile & analytics
OFF-MARKET
Office Spaces
140 Pt Judith Rd 40, Narragansett, RI 02882-3477
Individually Owned
5-yr Hold
Free & Clear
Property ID
US76-0147059
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1983
Construction
FRAME
Total area
1,348 SF
Zoning code
B-B
APN
NARR M:P B:289 L:40
UPID
US76-0147059
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fire&water Concessions · 5 yrs held
Fire&water Concessions
since 2021
Last sale
$45,000
7 recorded transactions
Zoning & alternative use
B-B · Narragansett, 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 Narragansett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narragansett 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$826
Tax year 2023
Assessed value
$65,700
Assessed 2023
Previous assessed
$65,700
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed improvement
$65,700
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
1
Total area
1,348 SF
Zoning code
B-B
APN
NARR M:P B:289 L:40
UPID
US76-0147059
Jurisdiction
NARRAGANSETT
Zoning & alternative use
B-B · Narragansett, RI
Zoning B-B · permitted uses
B-B · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Narragansett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
BASEBOARD
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Fire&water Concessions
Individual
Free & Clear · 5 yrs held
Mailing address
140 PT JUDITH RD STE C46, NARRAGANSETT, RI 02882-3454
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$45,000
Fire&water Concessions
Daniel Pearce Builders
Warranty Deed
—
Oct 26, 2020
—
Daniel Pearce Builders
Charles Cumminskey
Condominium Deed
—
Jan 13, 2020
$31,500
Daniel Pearce
Bryan C Dacruz
Condominium Deed
—
Jun 23, 2017
$31,500
Bryant C Dacruz
Bank Newport
Warranty Deed
$31,500 · Pearce Capital LLC
May 22, 2017
$20,000
Bank Of Newport
Bank Of Newport|cameron,glen
Foreclosure
related
—
May 31, 2012
—
Glen Cameron
—
Deed Of Trust
related
$25,000 · Bank Of Newport
Nov 24, 2003
$72,000
Glen J Cameron
Carrigan,craig
Grant Deed
—
May 12, 2003
—
Craig R Carrigan
—
Deed Of Trust
related
$31,500 · Joseph Pouliot
Oct 12, 2000
$45,000
Craig Carrigan
Minnick,donna T
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
$36,000 · Donna T Minnick
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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