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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Investment properties
196 Ocean Rd Narragansett, RI 02882-1349
Individually Owned
2-yr Hold
Free & Clear
Property ID
US76-0055764
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
5,676 SF
Lot
0.21 ac (9,270 SF)
Zoning code
B-C
APN
NARR M:E B:148
UPID
US76-0055764
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
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.35M
Owner & transaction history
Joseph & Loren A Robenhym · 2 yrs held
Joseph & Loren A Robenhym
since 2024
3 recorded transactions
Zoning & alternative use
B-C · Narragansett, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is composed of certain land and structures used primarily for the retailing of goods and services for water oriented activities
Zone name
Waterfront Business
General category
COMMERCIAL
Zone area
63.62 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 Narragansett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narragansett 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%
$960,000
6.5%
$885,000
7%
$820,000
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$237 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,134,700
Assessed 2023
Previous assessed
$1,134,700
+0.0% YoY
Assessed land
$460,200
Assessed improvement
$674,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
5
Rooms
18
Bathrooms
7
Total area
5,676 SF
Lot
0.21 ac (9,270 SF)
Zoning code
B-C
APN
NARR M:E B:148
UPID
US76-0055764
Jurisdiction
NARRAGANSETT
Zoning & alternative use
B-C · Narragansett, RIZoning B-C · permitted uses
B-C · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is composed of certain land and structures used primarily for the retailing of goods and services for water oriented activities
Zone name
Waterfront Business
General category
COMMERCIAL
Zone area
63.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
5
Rooms
18
Bathrooms
7
Lot
0.21 ac
Current owner
From public records · entity-resolved
Joseph & Loren A Robenhym
Individual
Free & Clear · 2 yrs held
Mailing address
46 CANONCHET WAY, NARRAGANSETT, RI 02882-7307
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Joseph & Loren A Robenhym
Joseph Robenhymer
Quit Claim Deed
related
—
Apr 3, 1998
$315,000
Joseph Robenhymer
Mccue Mary A Est
Grant Deed
$265,000 · Fleet Mortgage Corp
Jun 11, 1992
—
Michael J Monahan
—
Deed Of Trust
related
$55,000 · Pierbank Of Narragnst
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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