Financial
Distress signals
Property profile

212 Water St Block Island, RI 02807

FOR SALE
Showrooms
Property ID
US76-0101021
7,546 SF 0.22 ac lot Built 1893
Last sale Jul 2022 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

THE 212 is a waterfront hospitality property in the Old Harbor area, located within walking distance of the Block Island Ferry and surrounded by restaurants, shops, beaches, and marinas. The property is configured to support hospitality operations and includes guest accommodations, food and beverage venues, retail space, and employee housing, all under one ownership. The building has been the subject of a comprehensive multi-year transformation and is set up with associated furnishings, equipment, and building systems intended to support ongoing operations.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$1.68M
Assessed land$1.12M
Assessed improvement$556k
Effective rate0.55%

Value estimate

· Sep 2026
$1.45M
$1.31M – $1.60M
AI approach$1.51M
CAP approach$1.18M
Sales comparison$903k
NOI build-up
Gross scheduled income$136k
Vacancy & credit loss−$6k
Operating expenses−$33k
NOI · 1.25% cap applied$98k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$205/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$113 – $305

Cap rate analysis

How does the asset earn?
1.25%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OHC
JurisdictionBLOCK ISLAND

Location intelligence

Which uses thrive at this corner?

Location

212 Water St Block Island, RI 02807
County assessor Recorded deeds · 3 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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