Financial
Distress signals
Property profile

2220 Diamond Hill Rd Cumberland, RI 02864

FOR SALE
Other investment properties
Property ID
US76-0303754
3,903 SF 0.56 ac lot Built 1950
Last sale Oct 2005 · $750,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use property includes a six-unit building and an additional vacant lot totaling more than one-half acre. It is located on Diamond Hill Road between Chapel Four Corners and I-295. The building has two commercial units—one on the first level and one in the lower level—and four residential apartments, with two apartments on the first level and two on the second level. An attached two-stall garage is part of the property. The building includes separate electric meters for five units plus

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

Value estimate

· Sep 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 32 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 comparables32

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 32 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
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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?”
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