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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
2538 Main Rd Portsmouth, RI 02871-4064
Individually Owned
4-yr Hold
Property ID
US76-0221653
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1732
Construction
FRAME
Total area
3,400 SF
Lot
0.68 ac (29,621 SF)
Zoning code
TC
APN
PORT M:035 B:0019
UPID
US76-0221653
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
$695k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$685k
Owner & transaction history
Simone Ferrara · 4 yrs held
Simone Ferrara
since 2022
Last sale
$685,000
2 recorded transactions
Zoning & alternative use
TC · Portsmouth, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth 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
$675,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $685k (Apr 22 2022)
Last sale anchor
$685k
Apr 22 2022
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
$201 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,142
Tax year 2023
Assessed value
$637,100
Assessed 2023
Previous assessed
$371,500
+71.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$270,200
Assessed improvement
$366,900
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
1732
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
1
Rooms
9
Bathrooms
2
Total area
3,400 SF
Lot
0.68 ac (29,621 SF)
Zoning code
TC
APN
PORT M:035 B:0019
UPID
US76-0221653
Jurisdiction
PORTSMOUTH
Zoning & alternative use
TC · Portsmouth, RI
Zoning TC · permitted uses
TC · Portsmouth, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1732
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
1
Rooms
9
Bathrooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Simone Ferrara
Individual
Mailing address
2538 E MAIN RD, PORTSMOUTH, RI 02871-4064
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$685,000
Simone Ferrara
Christine Nolan
Warranty Deed
$647,200 · Total Mortgage Services LLC
May 3, 2019
$375,000
Christine F Nolan
East Main INC
Warranty Deed
$262,500 · Velocity Commercial Capital LLC
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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