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Property profile & analytics
OFF-MARKET
Showrooms
23 Arnold St South Kingstown, RI 02879-3701
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0129784
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1938
Construction
FRAME
Total area
2,796 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CH
APN
SKIN P:057-2 L:000005
UPID
US76-0129784
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
Galilee Mission INC · 8 yrs held
Galilee Mission INC
since 2018
4 recorded transactions
Zoning & alternative use
CH · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed-Use Detached Structure (elderly residential occupancy only) 5,000 for first 2 D.U.s + 1200 per each add'l. D.U. plus a minimum of 5,000 sq. ft. for any commercial use 100 50% 40 15 0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25%…
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
121.55 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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
$5,787
Tax year 2024
Assessed value
$523,700
Assessed 2024
Previous assessed
$437,000
+19.8% YoY
Effective rate
1.11%
On assessed value
Assessed land
$150,400
Assessed improvement
$373,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1938
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
3
Total area
2,796 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CH
APN
SKIN P:057-2 L:000005
UPID
US76-0129784
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CH · South Kingstown, RIZoning CH · permitted uses
CH · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed-Use Detached Structure (elderly residential occupancy only) 5,000 for first 2 D.U.s + 1200 per each add'l. D.U. plus a minimum of 5,000 sq. ft. for any commercial use 100 50% 40 15 0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25% 35 15 60 60 30 40 15 15 8 ZONING DISTRICT CW Marine Services, Repairs and Sales,
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
121.55 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1938
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Galilee Mission INC
Entity
Mailing address
268 KINGSTOWN RD, NARRAGANSETT, RI 02882-3237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2018
$395,000
Galilee Mission INC
Lawler Properties LLC
Warranty Deed
—
Nov 10, 2011
$320,000
Lawler Props LLC
Frisco Realty LLC
Warranty Deed
—
Jun 5, 2006
—
Frisco Realty LLC
—
Deed Of Trust
related
$100,000 · Washington Trust Co
Jan 19, 1989
—
Joseph Fusella
—
Deed Of Trust
related
$210,000 · Bank Of N E Old Colony
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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