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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Commercial land
168 Aquidneck Ave Middletown, RI 02842
Entity Owned
1-yr Hold
Free & Clear
Property ID
US76-0378513
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.12 ac (5,227 SF)
Zoning code
LBA
APN
MIDD M:0115 B:SE L:144
UPID
US76-0378513
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Sea Whale LLC · 1 yrs held
Sea Whale LLC
since 2024
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
LBA · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including…
Zone name
Traffic Sensitive Limited Business
General category
MIXED_USE
Zone area
133.09 ac
Source
Realmo
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Aug 16 2024)
Last sale anchor
$3.50M
Aug 16 2024
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
—
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
$2,362
Tax year 2024
Assessed value
$182,000
Assessed 2024
Previous assessed
$182,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$179,700
Assessed improvement
$2,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.12 ac (5,227 SF)
Zoning code
LBA
APN
MIDD M:0115 B:SE L:144
UPID
US76-0378513
Jurisdiction
MIDDLETOWN
Zoning & alternative use
LBA · Middletown, RIZoning LBA · permitted uses
LBA · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including multi family residential, small scale retail, office and public uses, while preserving open space and to limit commercial sprawl
Zone name
Traffic Sensitive Limited Business
General category
MIXED_USE
Zone area
133.09 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Sea Whale LLC
Entity
Free & Clear · 1 yrs held
Mailing address
168 AQUIDNECK AVE, MIDDLETOWN, RI 02842
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Sea Whale LLC
—
Deed
related
$1,680,000 · Banknewport
Aug 16, 2024
$3,500,000
Sea Whale LLC
Sea Whale Motel INC
Warranty 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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