Property profile

2220 Diamond Hill Rd Cumberland, RI 02864

FOR SALE
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Property ID
US76-0303754
3,903 SF 0.56 ac Built 1950
Last sale Oct 2005·$750,000
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This mixed-use property consists of a frame building constructed in 1950 containing six units: two commercial spaces and four apartment units located across the first and second levels. A basement area includes laundry equipment, and the property has an attached two-stall garage. Heating is provided by a high-efficiency direct-vent boiler serving six heating zones, with window-unit air conditioning and zoned natural-gas baseboard heat. Five units have separate electric service, supplemented by…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$494k
Assessed land$218k
Assessed improvement$275k
Effective rate1.20%

Value estimate

· Nov 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$82k
Vacancy & credit loss−$8k
Operating expenses−$28k
NOI · 4.20% cap applied$46k

Realmo valuation models over county records and 39 qualifying comparable sales.

Recently sold

What actually traded nearby?
$139/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$86 – $200
Qualifying comparables39

Cap rate analysis

How does the asset earn?
4.20%
$46k 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?
C-1
C-1: Limited Commercial District. This zoning district is intended for neighborhood commercial areas that primarily serve local neighborh...
General categoryCOMMERCIAL
JurisdictionCUMBERLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon12.4
Dental Office11.8
Law Firm11.0

Location

2220 Diamond Hill Rd Cumberland, RI 02864
County assessor Recorded deeds · 2 transfers 39 qualifying comp sales 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 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
422 High, Cumberland, RI 02864-7951 $650,000 Feb 2025 3,426 SF
188 Broad, Cumberland, RI 02864-8115 $127,000 Jan 2025 4,581 SF
1394 Mendon, Cumberland, RI 02864-4828 $950,000 Jan 2025 3,885 SF
1181 High, Cumberland, RI 02864-6135 $490,000 Jul 2024 3,581 SF
3191 Mendon, Cumberland, RI 02864-2402 $280,000 Jan 2024 3,479 SF
39 Dexter, Cumberland, RI 02864-7806 $22,500 Mar 2020 3,206 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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