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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
2404 Victory Hwy, Coventry, RI 02816-4536
Entity Owned
10-yr Hold
Property ID
US76-0135662
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1934
Construction
FRAME
Total area
3,792 SF
Lot
1.9 ac (82,764 SF)
Zoning code
2000
APN
COVE M:304 L:25
UPID
US76-0135662
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
$720k
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$645k
Owner & transaction history
Alarm Services LLC · 10 yrs held
Alarm Services LLC
since 2015
7 recorded transactions
Zoning & alternative use
2000 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$855,000
+7.9%
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 Coventry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coventry 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
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
OFFICE BUILDING
$855,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$170 / 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
Assessed value
$461,700
Assessed 2024
Previous assessed
$461,700
+0.0% YoY
Assessed land
$150,800
Assessed improvement
$310,900
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
1934
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
2
Rooms
8
Bathrooms
3
Total area
3,792 SF
Lot
1.9 ac (82,764 SF)
Zoning code
2000
APN
COVE M:304 L:25
UPID
US76-0135662
Jurisdiction
COVENTRY
Zoning & alternative use
2000 · Coventry, RI
Zoning 2000 · permitted uses
2000 · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coventry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$855,000
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
1934
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
2
Rooms
8
Bathrooms
3
Lot
1.9 ac
Current owner
From public records · entity-resolved
Alarm Services LLC
Entity
Mailing address
2404 VICTORY HWY, COVENTRY, RI 02816-4536
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2015
$250,000
Alarm Services LLC
Gotra Jasjit Living Trust
Trustees Deed
$295,000 · Bank Of Newport
Dec 18, 2013
—
Jasjit Gotra Lt
Gotra,jasjit S
Quit Claim Deed
related
—
Nov 4, 2013
—
Jasjit S Gotra
Gotra,jasjit
Quit Claim Deed
related
—
Jan 16, 2008
—
Jasjit S Gotra
—
Deed Of Trust
related
$112,221 · Bank Of America
Nov 17, 2005
$375,000
Jasjit Gotra
Raymond E Petrangelo JR
Deed
$300,000 · Mortgageit INC
Apr 25, 2001
—
Raymond E Petrangelo
—
Deed Of Trust
related
$124,000 · Crossland Mortgage Corp
Dec 11, 2000
$94,000
R E Petrangelo JR.
Martone Gilda Est
Grant Deed
$124,000 · Crossland Mortgage Corp
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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