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Property profile & analytics
FOR SALE
Commercial land
2 Sand Hill Cove Rd, Narragansett, RI 02882
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0063836
For Sale
1 / 3
$1,300,000
2 Sand Hill Cove Rd, Narragansett, RI 02882
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1942
Construction
WOOD FRAME
Total area
6,727 SF
Lot
0.81 ac (35,327 SF)
Zoning code
B-B
APN
NARR M:N B:319
UPID
US76-0063836
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
$1.18M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.03M
Owner & transaction history
Tmg Management Services · 5 yrs held
Tmg Management Services
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
B-B · Narragansett, 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 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
$1,095,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $900k (Feb 22 2021)
Last sale anchor
$900k
Feb 22 2021
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
$152 / 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
Tax billed
$7,578
Tax year 2023
Assessed value
$602,900
Assessed 2023
Previous assessed
$602,900
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$602,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1942
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
6,727 SF
Lot
0.81 ac (35,327 SF)
Zoning code
B-B
APN
NARR M:N B:319
UPID
US76-0063836
Jurisdiction
NARRAGANSETT
Zoning & alternative use
B-B · Narragansett, RI
Zoning B-B · permitted uses
B-B · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Narragansett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Tmg Management Services
Entity
Mailing address
195 OLD FRG RD, EAST GREENWICH, RI 02818-4606
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$900,000
Tmg Management Services
Kps Properties LLC
Warranty Deed
—
Jan 10, 2017
—
Kps Properties LLC
—
Deed
related
$1,679,500 · Newtek Small Busn Fin
Feb 22, 2012
—
Kps Props LLC
—
Grant Deed
related
$539,200 · Ct Comunity Inv
Jan 10, 2012
$975,000
Kps Properties LLC
Sportiko Ltd
Warranty Deed
$539,200 · Bank Of Newport
Jan 10, 2012
—
Kps Properties LLC
—
Grant Deed
related
$431,200 · Bank Of Newport
Sep 7, 2010
—
Sportiko Ltd
—
Deed Of Trust
related
$328,300 · Washington Trust Co
May 12, 2008
—
Sportiko Ltd
—
Grant Deed
related
$140,000 · Washington Trust Co
Nov 8, 2002
—
Sportiko Ltd
—
Deed Of Trust
related
$750,000 · Washington Trust Co
Jun 29, 1989
—
P B Realty INC
—
Deed Of Trust
related
$70,000 · Bank Of N E Old Colony
May 23, 1989
—
P B Realty
—
Deed Of Trust
related
$35,000 · Bank Of N E Old Colony
—
—
Kps Properties LLC
—
Deed Of Trust
related
$1,679,500 · Newtek Small Busn Fin
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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