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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Investment properties
283 Main Rd Middletown, RI 02842-6308
Individually Owned
31-yr Hold
~
Est. High Equity
Property ID
US76-0321140
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
1,815 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OBA
APN
MIDD M:0108 B:NW L:272
UPID
US76-0321140
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
-
Augustin Hair Stylists Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Augustin L Hunter JR. · 31 yrs held
Augustin L Hunter JR.
since 1994
1 recorded transaction
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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$154 / 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
$435,900
Assessed 2024
Previous assessed
$271,300
+60.7% YoY
Assessed land
$188,700
Assessed improvement
$247,200
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
1925
Heating
STEAM
Buildings
1
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
1,815 SF
Lot
0.2 ac (8,712 SF)
Zoning code
OBA
APN
MIDD M:0108 B:NW L:272
UPID
US76-0321140
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
1925
Heating
STEAM
Stories
1
Buildings
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Augustin L Hunter JR.
Individual
Mailing address
PO BOX 4401, MIDDLETOWN, RI 02842-0401
Ownership since
1994
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
Oct 17, 1994
$125,000
Augustin L Hunter JR.
Milner,joseph C
Grant Deed
$50,000 · 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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