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Property profile & analytics
OFF-MARKET Estimated value $10,505,000
Investment properties

151 Ocean Rd Narragansett, RI 02882-1355

34,173 SF 3.39 ac lot Built 1968
Entity Owned 4-yr Hold
Property ID
US76-0038656
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,173 SF
Lot 3.39 ac (147,668 SF)
Zoning code R-10
APN NARR M:D B:210
UPID US76-0038656
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
$10.30M
CAP Approach CAP
$5.33M
Comparable Approach Comparable
$6.60M
Blend (final) Blend
$10.51M
Owner & transaction history
151 Narragansett LLC · 4 yrs held
151 Narragansett LLC
since 2021
Last sale
$8.6M
2 recorded transactions
2021
$8.6M
2015
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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