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    Property profile & analytics

    17 Water St Block Island, RI 02807-7713

    • Showrooms
    • 7,731 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US76-0238238
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Empire Theatre / Movie Theater
    • Empire Emporium / Gift Shop
    • Greenaway Gallery / Photographer / Art Gallery
    • Blockstar BI / Clothing Store
    • Up North / Restaurant

    Property Details for 17 Water St

    Year built
    1882
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    7,731 SF
    Zone code
    OHC
    Property type
    Showrooms
    APN
    BLOC M:06 L:098
    APU
    BLOCM06L098

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $395,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $370,000
      Mixed-Use
      $365,000
      Hospitality
      $435,000
      Educational
      $420,000
      Residential Income
      $435,000
      Energy
      $360,000
      Income-Based Land
      $380,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Block Island
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.5578
    Latitude
    41.172
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,023
    $716,700
    $193,200
    $909,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20,026 SF

      42 Water St

      SHOW ROOM, WAREHOUSE • 20,026 SF
      42 Water St, Block Island, RI 02807-7713
      View Details
    • Value Estimation by Request
      12,154 SF

      45 High St

      SHOW ROOM, WAREHOUSE • 12,154 SF
      45 High St, Block Island, RI 02807
      View Details
    • Value Estimation by Request
      11,503 SF

      32 Dodge St

      SHOW ROOM, WAREHOUSE • 11,503 SF
      32 Dodge St, Block Island, RI 02807
      View Details
    • Value Estimation
      $435,000
      2,902 SF

      446 Ocean Ave

      SHOW ROOM, WAREHOUSE • 2,902 SF
      446 Ocean Ave, Block Island, RI 02807
      View Details
    • Value Estimation
      $1,425,000
      7,546 SF

      212 Water St

      SHOW ROOM, WAREHOUSE • 7,546 SF
      212 Water St, Block Island, RI 02807-7711
      View Details
    • Value Estimation by Request
      576 SF

      87 Side Rd

      SHOW ROOM, WAREHOUSE • 576 SF
      87 Side Rd, Block Island, RI 02807-7741
      View Details

    Similar Nearby for Sale

    • $44,000

      Block Island Commercial Gem

      High Street Retail/Office Space
      27 High St, New Shoreham, RI 02807
      View Details
    • $2,400,000
      2,088 SF

      Mixed-Use Property in Desirable Location

      Mixed-use property with flexible commercial space and residential unit.
      454 Ocean Ave, Block Island, RI 02807
      View Details
    • $3,775,000
      3,859 SF

      Block Island Mixed-Use Investment Opportunity

      Prime commercial and residential property in downtown Block Island, RI.
      442 Dodge St, Block Island, RI 02807
      View Details
    • $1,895,000
      1.90 Acres

      Block Island Land with Ocean Views

      1.9-acre Block Island lot with approved septic and ocean views.
      Mohegan Trl, Block Island, RI 02807
      View Details
    • $1,950,000
      1.90 Acres

      Block Island Land Near Lighthouse

      Unimproved land with ocean views near Southeast Lighthouse.
      Southeast Rd, Block Island, RI 02807
      View Details
    • $1,200,000
      0.36 Acres

      Residential Land in Prime Location

      Residential land near ferry, shops, beaches, and restaurants.
      High St, Block Island, RI 02807
      View Details
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    17 Water St
    Block Island, RI 02807-7713
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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