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Property profile & analytics
OFF-MARKET
Commercial real estate
1596 Main Rd, Portsmouth, RI 02871-1323
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US76-0134375
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
FRAME
Total area
2,060 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
PORT M:051 B:0035
UPID
US76-0134375
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
-
Viking Marine (Bike/Boat/Book/etc) Store
-
Anchor Fuel Oil & Natural Gas Company Heating Oil Supplier
-
Casey's Oil & Propane Big Box & Wholesale Store
-
Coinhub Bitcoin ATM Teller Atm
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
1596 West Main LLC · 8 yrs held
1596 West Main LLC
since 2018
7 recorded transactions
Zoning & alternative use
C · Portsmouth, 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 Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth 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
$11,563
Tax year 2023
Assessed value
$904,800
Assessed 2023
Previous assessed
$881,400
+2.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$404,800
Assessed improvement
$500,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,060 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
PORT M:051 B:0035
UPID
US76-0134375
Jurisdiction
PORTSMOUTH
Zoning & alternative use
C · Portsmouth, RI
Zoning C · permitted uses
C · Portsmouth, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
1596 West Main LLC
Entity
Mailing address
177 WLS AVE, NEWTON, MA 02459-3301
Ownership since
2018
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
Dec 22, 2023
—
1596 W Main LLC
—
Deed
related
$850,000 · Brookline Bank
Feb 27, 2018
$5,600,000
1596 West Main LLC
122 Properties LLC
Warranty Deed
$1,000,000 · Century Bk/ky
Sep 15, 2017
$560,000
1596 West Main LLC
122 Properties LLC
Warranty Deed
—
Oct 22, 2014
$505,000
122 Properties LLC
Potter Scott W Living Tru
Warranty Deed
—
Jul 22, 2014
—
W Potter T Scoott
—
Grant Deed
related
$383,322 · Savings Institute
Apr 10, 2014
—
Scott W Potter Lt
Potter,scott W
Warranty Deed
—
Apr 21, 2006
—
Scott Potter
—
Deed Of Trust
related
$383,322 · Newport Fsb
Mar 26, 2004
$550,000
Scott Potter
Bismark Prtnrshp
Grant Deed
$400,000 · Randolph Savings Bank
Oct 26, 2000
—
Bismark Partnership
—
Deed Of Trust
related
$182,000 · Home Loan & Investment 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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