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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Showrooms
269 Main St South Kingstown, RI 02879-3527
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0025862
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,020 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CD
APN
SKIN P:057-4 L:000203
UPID
US76-0025862
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
$960k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$850k
Owner & transaction history
Justice LLC · 4 yrs held
Justice LLC
since 2022
Last sale
$801,000
1 recorded transaction
Zoning & alternative use
CD · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0…
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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
$895,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$940,000
7%
$870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,130,000
Current use
OFFICE BUILDING
$1,055,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $801k (May 18 2022)
Last sale anchor
$801k
May 18 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
$141 / 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
$7,050
Tax year 2024
Assessed value
$638,000
Assessed 2024
Previous assessed
$638,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$234,000
Assessed improvement
$404,000
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
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
6,020 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CD
APN
SKIN P:057-4 L:000203
UPID
US76-0025862
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CD · South Kingstown, RIZoning CD · permitted uses
CD · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0 0 0 0 0 4, 6, 8, 10, 12 All Other Permitted Principal Uses 5,000 50 50% 40 15 0 0
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
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
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Justice LLC
Entity
Free & Clear · 4 yrs held
Mailing address
773 PT JUDITH RD, NARRAGANSETT, RI 02882-4546
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$801,000
Justice LLC
Wakefield Pwp LLC
Warranty Deed
—
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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