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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Investment properties
15 Tower St Bristol, RI 02809-4031
Individually Owned
6-yr Hold
Property ID
US76-0062393
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1952
Total area
1,172 SF
Lot
0.19 ac (8,459 SF)
Zoning code
R-20
APN
BRIS M:158 L:111
UPID
US76-0062393
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Nicholas Balzano · 6 yrs held
Nicholas Balzano
since 2019
4 recorded transactions
Zoning & alternative use
R-20 · Bristol, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-20 Zone This zone is intended for medium density residential areas previously lacking infrastructure and already developed to this density, or currently undeveloped and lacking infrastructure, comprised of single household detached structures with a minimum density of 20,000 square feet per dwelling unit.
Zone name
Residential 20000 Square Feet
General category
RESIDENTIAL
Zone area
257.31 ac
Source
Code of Ordinances
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±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
$273 / 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
$4,081
Tax year 2023
Assessed value
$305,500
Assessed 2023
Previous assessed
$305,500
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$139,300
Assessed improvement
$166,200
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
1952
Heating
STEAM
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,172 SF
Lot
0.19 ac (8,459 SF)
Zoning code
R-20
APN
BRIS M:158 L:111
UPID
US76-0062393
Jurisdiction
BRISTOL
Zoning & alternative use
R-20 · Bristol, RIZoning R-20 · permitted uses
R-20 · Bristol, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-20 Zone This zone is intended for medium density residential areas previously lacking infrastructure and already developed to this density, or currently undeveloped and lacking infrastructure, comprised of single household detached structures with a minimum density of 20,000 square feet per dwelling unit.
Zone name
Residential 20000 Square Feet
General category
RESIDENTIAL
Zone area
257.31 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1952
Heating
STEAM
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Nicholas Balzano
Individual
Mailing address
28 VERNON AVEF, BRISTOL, RI 02809-4032
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
—
Nicholas Balzano
Zanno Real Estate LLC
Warranty Deed
$200,000 · Residential Mortgage Services
Jan 3, 2018
$366,000
Tower Of Vernon LLC
Street Vernon Trust 2012
Trustees Deed
$366,000 · Tower Of Vernon LLC
Nov 15, 2012
$1
Vernon Street RT
Balzano,john M
Grant Deed
related
—
May 2, 1989
—
John Balzano
—
Deed Of Trust
related
$60,000 · First Federal Savings Bank
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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