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Property profile & analytics
OFF-MARKET
Investment properties
215 Chapel St, Block Island, RI 02807-7874
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0137411
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Construction
FRAME
Total area
2,830 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OHC
APN
BLOC M:06 L:127-01
UPID
US76-0137411
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
Puiia Lt · 3 yrs held
Puiia Lt
since 2022
7 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
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
$4,884
Tax year 2024
Assessed value
$884,700
Assessed 2024
Previous assessed
$884,700
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$390,600
Assessed improvement
$494,100
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
1984
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
5
Total area
2,830 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OHC
APN
BLOC M:06 L:127-01
UPID
US76-0137411
Jurisdiction
BLOCK ISLAND
Zoning & alternative use
OHC · Block Island, RI
Zoning 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
Block Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
5
Lot
0.2 ac
Current owner
From public records · entity-resolved
Puiia Lt
Individual
Mailing address
PO BOX 400, BLOCK ISLAND, RI 02807-0400
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Puiia Lt
Gerard J Puiia
Quit Claim Deed
related
—
Jun 22, 2020
—
Levy,warren M Trust
Warren M Levy
Quit Claim Deed
related
—
Sep 28, 2017
—
Lynda Luppino
Luppino,richard J
Quit Claim Deed
related
—
Aug 31, 2010
—
Victoria M Corson
—
Deed Of Trust
related
$360,000 · Washington Trust Co
Jan 18, 2007
—
Victoria M Carson
—
Deed Of Trust
related
$70,000 · Washington Trust Co
Feb 23, 2005
—
Victoria Carson
—
Deed Of Trust
related
$30,000 · Washington Trust Co
—
—
Victoria Carson
—
Deed Of Trust
related
$355,000 · Pawtucket Cu
—
—
Island Mnr Resort T
—
Deed Of Trust
related
$425,000 · Richard L Andreade
—
—
Island Mnr Resort T
—
Deed Of Trust
related
$475,000 · Richard L Andreade
—
—
Victoria M Carson
—
Deed Of Trust
related
$25,500 · William Huggins
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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