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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
24 Gould St, Cumberland, RI 02864-1739
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US76-0333299
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1995
Construction
FRAME
Total area
3,208 SF
Lot
0.6 ac (26,005 SF)
Zoning code
C-1
APN
CUMB M:053 B:1384 L:000
UPID
US76-0333299
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
$330k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$500k
Owner & transaction history
Scott R Emerson · 11 yrs held
Scott R Emerson
since 2015
7 recorded transactions
Zoning & alternative use
C-1 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+37.3%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
Method
Estimation
Statistic approach
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$445,000
Current use
OFFICE BUILDING
$615,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
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
$7,577
Tax year 2024
Assessed value
$634,100
Assessed 2024
Previous assessed
$634,100
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$157,900
Assessed improvement
$476,200
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
1995
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Rooms
7
Bathrooms
2
Total area
3,208 SF
Lot
0.6 ac (26,005 SF)
Zoning code
C-1
APN
CUMB M:053 B:1384 L:000
UPID
US76-0333299
Jurisdiction
CUMBERLAND
Zoning & alternative use
C-1 · Cumberland, RI
Zoning C-1 · permitted uses
C-1 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Rooms
7
Bathrooms
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Scott R Emerson
Individual
Mailing address
407 E LANCASTER AVE, WAYNE, PA 19087-4202
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
Scott R Emerson
—
Deed
related
$25,000,000 · Trust Bank
Apr 7, 2015
$268,000
Scott R Emerson
Gagnon Roland
Warranty Deed
—
Dec 11, 2012
—
Roland A Gagnon
—
Deed Of Trust
related
$168,000 · Sovereign Bank
Feb 17, 2011
—
Roland A Gagnon
—
Deed Of Trust
related
$205,000 · Sovereign Bank
Apr 8, 2009
—
Roland A Gagnon
—
Deed Of Trust
related
$150,000 · Sovereign Bank
Dec 21, 2000
—
Roland G Gagnon
—
Deed Of Trust
related
$625,000 · First Bank & Trust
Jun 22, 1998
—
Roland A Gagnon
—
Deed Of Trust
related
$50,000 · Bankboston Development Co LLC
Mar 7, 1996
—
Roland A Gagnon
—
Deed Of Trust
related
$50,000 · Pierbank Of Narragnst
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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