Entity Owned 
For Sale
1 / 50
$1,500,000
19 John Clarke Rd, Middletown, RI 02842
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Property summary
AI-generated overview
This commercial condominium is located in the Aquidneck Corporate Park in Middletown and contains 4,662 square feet of remodeled office space with water views over Easton’s Pond toward Easton’s Beach. The interior includes an entrance area, five private offices, cubicle workspaces, and a large conference room with a retractable partition. Additional functional areas include a kitchen, two bathrooms, a workshop area, and storage space. The unit also has an additional 1,722-square-foot mezzanine that can support expanded office use, storage, or future build-out. The property includes on-site parking and is configured for professional, creative, or service-oriented business use.
Property profile
Verified
Property type
Other office properties
Use group
CONDOMINIUM OFFICES
Year built
1978
Total area
4,662 SF
Zoning code
OP
APN
MIDD M:0115 B:00 L:3203
UPID
US76-0298015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$290k
Owner & transaction history
since 2007
1 recorded transaction
Zoning & alternative use
OP · Middletown, RI
Zoning description
Office Park (OP). This district is established to provide a park-like setting for office uses, certain industrial uses, and miscellaneous compatible uses. (M)
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$290k
Value range
$261k – $319k
±10% around blend
Estimated value / SF
$62 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$261k
blend $290k
$319k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,662 SF
Year built
1978
Stories
2
APN
MIDD M:0115 B:00 L:3203
Zoning
OP
Assessed value
$558,100
Annual tax
$7,244
3
Income approach: direct capitalization
Partial preview
Income approach indication
$730k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$795k
@ 6.5% CAP return
$730k
@ 7% CAP return
$680k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,244
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$782k
Range $782k – $2.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$290k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
2.97%
Selected cap rate for this other office properties
Derived from the Middletown market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$45k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$322
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.47%2.97%3.47%
$40k
$1.63M
$1.35M
$1.16M
$45k
$1.81M
$1.50M
$1.29M
$49k
$1.99M
$1.65M
$1.41M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,244
Tax year 2024
Assessed value
$558,100
Assessed 2024
Previous assessed
$496,700
+12.4% YoY
Effective rate
1.30%
On assessed value
Assessed improvement
$558,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
CONDOMINIUM OFFICES
Status
For Sale
Year built
1978
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
4,662 SF
Zoning code
OP
APN
MIDD M:0115 B:00 L:3203
UPID
US76-0298015
Jurisdiction
MIDDLETOWN
Zoning & alternative use
OP · Middletown, RIZoning OP · permitted uses
OP · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Office Park (OP). This district is established to provide a park-like setting for office uses, certain industrial uses, and miscellaneous compatible uses. (M)
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
OP
INDUSTRIAL
Jurisdiction
Middletown, RI
Recorded code
OP
Official district
OP
Official district profile
What the municipal code says about OP
Zoning description
Office Park (OP). This district is established to provide a park-like setting for office uses, certain industrial uses, and miscellaneous compatible uses. (M)
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OP in Middletown, RI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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