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Property profile & analytics
OFF-MARKET
Commercial land
21 Meeting St Cumberland, RI 02864
Individually Owned
1-yr Hold
Free & Clear
Property ID
US76-0369863
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.11 ac (5,009 SF)
Zoning code
R-3
APN
CUMB M:002 B:0178 L:000
UPID
US76-0369863
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gary Balletto · 1 yrs held
Gary Balletto
since 2025
5 recorded transactions
Zoning & alternative use
R-3 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
et per unit plus 5,000 square feet for a second unit for areas served by sewer and water; and 30,000 square feet per unit plus 10,000 square feet for a second unit for areas served by either sewer or water but not both. R-3: Multi-Household Dwelling District. This zoning district is intended for high density residential areas comprised of structures containi…
Zone name
Multi Household Dwelling
General category
RESIDENTIAL
Zone area
293.43 ac
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$523
Tax year 2024
Assessed value
$43,800
Assessed 2024
Previous assessed
$43,800
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$41,900
Assessed improvement
$1,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.11 ac (5,009 SF)
Zoning code
R-3
APN
CUMB M:002 B:0178 L:000
UPID
US76-0369863
Jurisdiction
CUMBERLAND
Zoning & alternative use
R-3 · Cumberland, RIZoning R-3 · permitted uses
R-3 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
et per unit plus 5,000 square feet for a second unit for areas served by sewer and water; and 30,000 square feet per unit plus 10,000 square feet for a second unit for areas served by either sewer or water but not both. R-3: Multi-Household Dwelling District. This zoning district is intended for high density residential areas comprised of structures containing single dwelling unit, two dwelling unit and multiple dwelling unit structures lo
Zone name
Multi Household Dwelling
General category
RESIDENTIAL
Zone area
293.43 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Gary Balletto
Individual
Free & Clear · 1 yrs held
Mailing address
1 FRANKLIN SQ STE #302, PROVIDENCE, RI 02903-4994
Ownership since
2025
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
Feb 18, 2025
$1,844
Gary Balletto
Cumberland Town Of
Deed
related
—
Jan 23, 2025
$1,345
Gary Balletto
Cumberland Town Of
Deed
related
—
Dec 2, 2024
—
Landing Cumberland LLC
Airway Leasing LLC
Deed
related
—
Jun 28, 2024
—
Airway Leasing LLC
Jak Prop LLC
Deed
—
Apr 4, 2016
—
Bill Gately
Conley,thomas B
Redemption Deed
—
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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