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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Showrooms
257 Bullocks Pt Ave Riverside, RI 02915-4335
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0050306
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,790 SF
Lot
0.18 ac (7,989 SF)
Zoning code
C3
APN
EPRO M:312 B:08 L:004 U:
UPID
US76-0050306
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
Current use
Occupant on record · Public records
-
Bullocks Point Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Gemini Prop LLC · 1 yrs held
Gemini Prop LLC
since 2025
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
C3 · Riverside, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+95.4%
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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$640,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$370,000
Current use
OFFICE BUILDING
$730,000
Change: +95% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $650k (Jan 13 2025)
Last sale anchor
$650k
Jan 13 2025
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
$229 / 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
$5,829
Tax year 2024
Assessed value
$243,700
Assessed 2024
Previous assessed
$243,700
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$124,300
Assessed improvement
$119,400
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
15
Bathrooms
3
Total area
2,790 SF
Lot
0.18 ac (7,989 SF)
Zoning code
C3
APN
EPRO M:312 B:08 L:004 U:
UPID
US76-0050306
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
C3 · Riverside, RIZoning C3 · permitted uses
C3 · Riverside, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$370,000
OFFICE BUILDING
Est. value
$730,000
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
15
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Gemini Prop LLC
Entity
Free & Clear · 1 yrs held
Mailing address
202 NEW MDW RD, BARRINGTON, RI 02806-3701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Gemini Prop LLC
Shawn Tavares
Quitclaim Deed
related
—
Jan 2, 2025
$650,000
Shawn Tavares
Slw LLC
Warranty Deed
$442,500 · Loanstream Mtg
Jul 10, 2013
—
Slw LLC
—
Deed Of Trust
related
$115,000 · Bay Colony Dev Corp
Apr 8, 2013
$250,000
Slw LLC
Bullocks Point Realty INC
Warranty Deed
$137,500 · Bank Of Newport
Apr 8, 2013
—
Slw LLC
—
Deed Of Trust
related
$110,000 · Bank Of Newport
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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