Realmo Analytics

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Property profile

2374 Diamond Hill Rd Cumberland, RI 02864

FOR LEASE
Showrooms
Property ID
US76-0303926
8,627 SF 0.58 ac lot Built 2006
Last sale May 2005 · $142,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional office space, located at 2374 Diamond Hill Road, Unit 1, Cumberland, Rhode Island 02864, offers a fantastic opportunity for businesses seeking a convenient and highly visible location. The property, built in 2006, is a two-story building situated on a substantial 25,265 square foot lot. This single-unit office space is immediately available for lease with a minimum one-year term. Utilities are included in the monthly rent of $250. The building enjoys excellent visibility…

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?
$13k
Tax billed · 2024
Assessed value$1.06M
Assessed land$221k
Assessed improvement$842k
Effective rate1.19%

Value estimate

· Nov 2026
$1.19M
$1.07M – $1.31M
CAP approach$1.57M
Submarket $/SF estimate$1.17M
NOI build-up
Gross scheduled income$14k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 38,247.37% cap applied$7k

Realmo valuation models over county records and 19 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 comparables19

Cap rate analysis

How does the asset earn?
38,247.37%
$7k 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?
R-1
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be k...
General categoryRESIDENTIAL
JurisdictionCUMBERLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant21.2
Auto Repair Shop18.9
Wholesale Shop17.8

Location

2374 Diamond Hill Rd Cumberland, RI 02864
County assessor Recorded deeds · 2 transfers 19 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2364 Diamond Hl, Cumberland, RI 02864-4739 $541,666 Dec 2025 7,600 SF
1400 Diamond Hl, Cumberland, RI 02864-5901 $600,000 Jul 2024 9,391 SF
1182 High, Cumberland, RI 02864-6124 $300,000 Nov 2023 4,953 SF
106 Nate Whipple, Cumberland, RI 02864-1428 $3,800,000 Mar 2023 10,630 SF
48 Wrentham, Cumberland, RI 02864-2102 $598,000 Dec 2022 4,679 SF
35 Pne Swamp, Cumberland, RI 02864-1001 $525,000 Jun 2022 4,836 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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