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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
15 Main Rd, Tiverton, RI 02878-1023
Entity Owned
3-yr Hold
Property ID
US76-0381784
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
FRAME
Total area
4,320 SF
Lot
0.11 ac (4,748 SF)
Zoning code
R30
APN
TIVE M:101 B:122
UPID
US76-0381784
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
-
North Tiverton News (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$525k
Owner & transaction history
Om Naham Shivay LLC · 3 yrs held
Om Naham Shivay LLC
since 2023
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
R30 · Tiverton, 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 Tiverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tiverton 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
$420,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $545k (Jun 1 2023)
Last sale anchor
$545k
Jun 1 2023
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
$122 / 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
$5,758
Tax year 2024
Assessed value
$521,100
Assessed 2024
Previous assessed
$396,100
+31.6% YoY
Effective rate
1.10%
On assessed value
Assessed land
$164,100
Assessed improvement
$357,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
10
Bathrooms
2
Total area
4,320 SF
Lot
0.11 ac (4,748 SF)
Zoning code
R30
APN
TIVE M:101 B:122
UPID
US76-0381784
Jurisdiction
TIVERTON
Zoning & alternative use
R30 · Tiverton, RI
Zoning R30 · permitted uses
R30 · Tiverton, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tiverton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
10
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Om Naham Shivay LLC
Entity
Mailing address
15 MAIN RD, TIVERTON, RI 02878-1023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$545,000
Om Naham Shivay LLC
Om Realty LLC
Warranty Deed
$436,000 · Rockland Trust Co
Jun 5, 2020
$300,000
Om Realty LLC
Patel Ft
Warranty Deed
—
Jun 2, 2020
$270,000
Om Realty LLC
Patel Ft
Warranty Deed
$75,000 · Patel Ft
Jun 19, 2018
—
Patel Ft Trust
Patel,haresh K & Jayshree H
Quit Claim Deed
related
—
Jul 27, 2005
—
Haresh Patel
—
Deed Of Trust
related
$200,000 · Bank Of Newport
Mar 1, 2004
—
Haresh Patel
—
Deed Of Trust
related
$125,000 · Bank Of Newport
Dec 4, 2003
$140,000
Jhp 15 Main Rlty LLC
K P Realty LLC
Grant Deed
$15,000 · Dashrath Patel
Dec 20, 1999
$115,000
Kp Realty LLC
Mello,stephen F
Grant Deed
—
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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