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Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Investment properties
275 Main Rd Middletown, RI 02842-6308
Individually Owned
21-yr Hold
Property ID
US76-0321142
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Total area
1,386 SF
Lot
0.21 ac (9,148 SF)
Zoning code
OBA
APN
MIDD M:0108 B:NW L:273
UPID
US76-0321142
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
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
Huynh Nhu Le · 21 yrs held
Huynh Nhu Le
since 2005
7 recorded transactions
Zoning & alternative use
OBA · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This purpose of this district is established to provide areas for planned office parks, light industrial and research centers and professional office buildings
Zone name
Traffic Sensitive Office Business
General category
INDUSTRIAL
Zone area
69.16 ac
Source
Realmo
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$300k
Range $270k – $330k · ±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
$216 / 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
$509,200
Assessed 2024
Previous assessed
$304,400
+67.3% YoY
Assessed land
$194,200
Assessed improvement
$315,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1967
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
9
Bathrooms
3
Total area
1,386 SF
Lot
0.21 ac (9,148 SF)
Zoning code
OBA
APN
MIDD M:0108 B:NW L:273
UPID
US76-0321142
Jurisdiction
MIDDLETOWN
Zoning & alternative use
OBA · Middletown, RIZoning OBA · permitted uses
OBA · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This purpose of this district is established to provide areas for planned office parks, light industrial and research centers and professional office buildings
Zone name
Traffic Sensitive Office Business
General category
INDUSTRIAL
Zone area
69.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
9
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Huynh Nhu Le
Individual
Mailing address
275 W MAIN RD, MIDDLETOWN, RI 02842-6308
Ownership since
2005
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
Sep 26, 2012
—
Huynh N Le
—
Deed Of Trust
related
$222,975 · Quicken Loans INC
Jan 13, 2005
$290,000
Huynh Nhu Le
Mcgann,patricia
Grant Deed
$232,000 · Robert J Dean SR
Mar 5, 2004
—
Patricia Mcgawn
—
Deed Of Trust
related
$282,400 · Ameriquest Mortgage Corp
Sep 26, 2003
—
Patricia Mcgann
—
Deed Of Trust
related
$225,000 · Ri State Emp FCU
Apr 9, 2002
—
Patricia J Mcgann
—
Deed Of Trust
related
$185,000 · Sovereign Bank
Apr 20, 2001
—
Patricia J Mcgann
—
Deed Of Trust
related
$140,000 · Citizens Bank Of Ri
May 31, 2000
—
Patricia J Mcgann
—
Deed Of Trust
related
$100,000 · Citizens Bank Of Ri
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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