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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
160 Spg St, Block Island, RI 02807
Entity Owned
1-yr Hold
Free & Clear
Property ID
US76-0181453
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2010
Construction
FRAME
Total area
2,916 SF
Lot
4.15 ac (180,774 SF)
Zoning code
RCM
APN
BLOC M:07 L:033
UPID
US76-0181453
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 Light Fibers (Bike/Boat/Book/etc) Store
-
Abrams Animal Farm Zoo
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$635k
Owner & transaction history
Garden Lot LLC · 1 yrs held
Garden Lot LLC
since 2025
6 recorded transactions
Zoning & alternative use
RCM · Block Island, 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 Block Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Block Island 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
by Request
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
OFFICE BUILDING
$510,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$218 / 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
$8,856
Tax year 2024
Assessed value
$1,604,400
Assessed 2024
Previous assessed
$1,506,400
+6.5% YoY
Effective rate
0.55%
On assessed value
Assessed land
$631,400
Assessed improvement
$973,000
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
2010
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
4
Bathrooms
1
Total area
2,916 SF
Lot
4.15 ac (180,774 SF)
Zoning code
RCM
APN
BLOC M:07 L:033
UPID
US76-0181453
Jurisdiction
BLOCK ISLAND
Zoning & alternative use
RCM · Block Island, RI
Zoning RCM · permitted uses
RCM · Block Island, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Block Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$595,000
OFFICE BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
4
Bathrooms
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
Garden Lot LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX I I, BLOCK ISLAND, RI 02807
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Garden Lot LLC
Eureka Hotel INC
Warranty Deed
—
Apr 9, 2024
—
Garden Lot LLC
—
Deed
related
$1,500,000 · The Washington Trust Co Of Westerly
Nov 1, 2016
—
Garden Lot LLC
—
Deed
related
$1,000,000 · Washington Tr Co
Mar 9, 2015
—
Garden Lot LLC
Abrams Joan M
Quit Claim Deed
related
—
Jun 30, 2011
$1
Mark Abrams
Abrams,justin E
Grant Deed
related
—
—
—
Garden Lot LLC
—
Deed Of Trust
related
$1,000,000 · Washington Tr Co
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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