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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Commercial real estate
310 Main Rd Middletown, RI 02842-6328
Individually Owned
2-yr Hold
Free & Clear
Property ID
US76-0322317
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,934 SF
Lot
1.35 ac (58,806 SF)
APN
MIDD M:0108 B:NW L:16801
UPID
US76-0322317
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
-
Newport Chrysler Dodge Jeep Ram Auto Repair Shop
-
Ocean Newport CDJR Car Dealership Auto Repair Shop
-
Newport RAM and Jeep Parts Department Auto Parts Store
-
Newport Jeep Service Auto Repair Shop
-
Ocean Newport Cjdr, LLC - Dodge Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.01M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$3.01M
Owner & transaction history
Ocean State Hldg 310 West · 2 yrs held
Ocean State Hldg 310 West
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
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 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
$3,010,000
ML approach
$3,010,000
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $3.01M (Mar 15 2024)
Last sale anchor
$3.01M
Mar 15 2024
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
$189 / 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
$44,210
Tax year 2024
Assessed value
$3,406,000
Assessed 2024
Previous assessed
$2,043,300
+66.7% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,011,400
Assessed improvement
$2,394,600
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
15,934 SF
Lot
1.35 ac (58,806 SF)
APN
MIDD M:0108 B:NW L:16801
UPID
US76-0322317
Jurisdiction
MIDDLETOWN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Ocean State Hldg 310 West
Individual
Free & Clear · 2 yrs held
Mailing address
310 W MAIN RD, MIDDLETOWN, RI 02842-6328
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$3,010,000
Ocean State Hldg 310 West
Newport Cdjr Re LLC
Warranty Deed
—
Jul 22, 2022
$3,500,000
Cdjr Real Est LLC
Mitchell Development LLC
Warranty Deed
$2,720,000 · Ally Bank
Mar 18, 2020
$2,250,000
Tim Mitchell Dev LLC
Mile 1 LLC
Quit Claim Arm's Length For Ne States
$1,800,000 · Ally Bank
Jun 14, 2012
$1
Main Hotel LLC
Mile 1 LLC
Grant Deed
related
—
Jun 14, 2012
—
Main Hotel LLC
—
Deed Of Trust
related
$10,165 · Rockland Trust Co
Dec 28, 2007
$3,000,000
Mile 1 LLC
1 Mile Corner 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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