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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Showrooms
190 Main Rd Middletown, RI 02842-4987
Entity Owned
2-yr Hold
Free & Clear
Property ID
US76-0378619
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Total area
3,819 SF
Lot
0.26 ac (11,326 SF)
Zoning code
GBA
APN
MIDD M:0107 B:SE L:97
UPID
US76-0378619
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
-
Smart Real Estate Coach Real Estate Agency
-
Nursing Placement Employment Agency
-
National Property Processing Real Estate Agency
-
Caitlin Knowles Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Shers Appraisal Co Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$995k
Owner & transaction history
Anli Re LLC · 2 yrs held
Anli Re LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
GBA · 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
$980,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.28M (Sep 8 2023)
Last sale anchor
$1.28M
Sep 8 2023
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
$261 / 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
$14,351
Tax year 2024
Assessed value
$1,105,600
Assessed 2024
Previous assessed
$508,100
+117.6% YoY
Effective rate
1.30%
On assessed value
Assessed land
$368,600
Assessed improvement
$737,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1940
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
5
Rooms
10
Bathrooms
3
Total area
3,819 SF
Lot
0.26 ac (11,326 SF)
Zoning code
GBA
APN
MIDD M:0107 B:SE L:97
UPID
US76-0378619
Jurisdiction
MIDDLETOWN
Zoning & alternative use
GBA · Middletown, RI
Zoning GBA · permitted uses
GBA · 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
1940
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
5
Rooms
10
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Anli Re LLC
Entity
Free & Clear · 2 yrs held
Mailing address
190 E MAIN RD, MIDDLETOWN, RI 02842-4987
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$1,280,000
Anli Re LLC
Pinnacle Re Group LLC
Warranty Deed
—
Jun 1, 2021
—
Pinnacle Re Group LLC
Wicked Smart LLC
Quit Claim Deed
related
—
Nov 30, 2018
$550,000
Chew Publishing INC
Regal LLC
Warranty Deed
$515,000 · Allen J Shers
Oct 14, 1994
$158,500
Regan LLC
Compass Bk For Svg
Grant Deed
—
Oct 29, 1990
$230,000
Compass Bk For Svgs
Ledsworth,john
Grant Deed
related
—
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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