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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Investment properties
198 Chapel St Block Island, RI 02807-7874
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0170891
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
1,789 SF
Lot
0.29 ac (12,632 SF)
Zoning code
OHC
APN
BLOC M:06 L:087
UPID
US76-0170891
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$1.04M
Owner & transaction history
D Browns Property Mgmt Ll · 3 yrs held
D Browns Property Mgmt Ll
since 2023
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
OHC · Block Island, 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 Block Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Block Island 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
$1,035,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.10M (Feb 27 2023)
Last sale anchor
$1.10M
Feb 27 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
$579 / 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
$7,926
Tax year 2024
Assessed value
$1,435,900
Assessed 2024
Previous assessed
$967,200
+48.5% YoY
Effective rate
0.55%
On assessed value
Assessed land
$453,100
Assessed improvement
$982,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
9
Bathrooms
3
Total area
1,789 SF
Lot
0.29 ac (12,632 SF)
Zoning code
OHC
APN
BLOC M:06 L:087
UPID
US76-0170891
Jurisdiction
BLOCK ISLAND
Zoning & alternative use
OHC · Block Island, RIZoning OHC · permitted uses
OHC · Block Island, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
9
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
D Browns Property Mgmt Ll
Entity
Mailing address
461 PO BOX 1331ST ST, BLOCK ISLAND, RI 02807-1331
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
D Browns Property Mgmt Ll
D Browns Property Mgmt Ll
Quit Claim Deed
related
$150,000 · 42 Wt Er Partners LLC
Feb 24, 2022
$1,100,000
D Browns Property Mgmt
Gail P Ballard Hall Ret
Deed
$1,000,000 · Gail P Ballard Hall
Jun 26, 2018
—
Gail,p Ballard Hall Trust
Ballard-hall,gail P
Warranty Deed
—
Mar 16, 1994
—
John S Pfarr
—
Deed Of Trust
related
$50,000 · John Berthoud
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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