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Property profile & analytics
OFF-MARKET
Estimated value
$6,140,000
Showrooms
184 John Clarke Rd Middletown, RI 02842-5633
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US76-0377392
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,304 SF
Lot
5.15 ac (224,334 SF)
Zoning code
OP
APN
MIDD M:0115 B:00 L:39
UPID
US76-0377392
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
-
Bank Newport Corporate Offices Corporate Office
-
BankNewport Corporate Headquarters - ATM ONLY Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$6.14M
Owner & transaction history
Banknewport · 14 yrs held
Banknewport
since 2011
7 recorded transactions
Zoning & alternative use
OP · Middletown, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.14M
Range $5.53M – $6.75M · ±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
$109 / 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
$102,047
Tax year 2024
Assessed value
$7,861,900
Assessed 2024
Previous assessed
$6,357,500
+23.7% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,122,100
Assessed improvement
$5,739,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
12
Total area
56,304 SF
Lot
5.15 ac (224,334 SF)
Zoning code
OP
APN
MIDD M:0115 B:00 L:39
UPID
US76-0377392
Jurisdiction
MIDDLETOWN
Zoning & alternative use
OP · Middletown, RI
Zoning OP · permitted uses
OP · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
12
Lot
5.15 ac
Current owner
From public records · entity-resolved
Banknewport
Individual
Mailing address
184 JOHN CLARKE RD, MIDDLETOWN, RI 02842-5633
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
Robert A Reed
—
Deed
related
$255,000 · Banknewport
Oct 27, 2011
$1,000,000
Banknewport
Aidg Props LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
May 13, 2010
$4,300,000
Aidg Prop LLC
Mcdougal Enterprises LLC
Grant Deed
—
Aug 6, 2007
$2,400,000
Mcdougal Enterprises LLC
Aquidneck Island Invest
Warranty Deed
—
May 3, 2001
—
Norman Cardinale
—
Deed Of Trust
related
$250,000 · Home Loan & Investment Bank
Aug 18, 1998
—
Norman Cardinale
—
Deed Of Trust
related
$150,000 · Home Loan & Investment Bank
Jul 28, 1995
—
Norman Cardinale
—
Deed Of Trust
related
$210,000 · Ri Hosp Trust National Bank
—
—
Robert A Reed
—
Deed Of Trust
related
$255,000 · Banknewport
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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