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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Investment properties
3233 Mendon Rd Cumberland, RI 02864
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0370855
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
5,537 SF
Lot
0.64 ac (28,009 SF)
Zoning code
R-1
APN
CUMB M:037 B:0893 L:000
UPID
US76-0370855
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
$870k
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$915k
Owner & transaction history
3231 Mendon Rd Realty LLC · 3 yrs held
3231 Mendon Rd Realty LLC
since 2022
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
R-1 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals may be kept for each single-family dwelling unit provided that no roosters shall be kept, and provided that such allowable livestock are ho…
Zone name
One Household Low Density
General category
RESIDENTIAL
Zone area
5,344.54 ac
Top alternative use upside
Office building
$1.1M
+37.3%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
$915,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
OFFICE BUILDING
$1,060,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $750k (Aug 30 2022)
Last sale anchor
$750k
Aug 30 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
$165 / 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
$8,615
Tax year 2024
Assessed value
$720,900
Assessed 2024
Previous assessed
$720,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$166,800
Assessed improvement
$554,100
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
1880
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
4
Rooms
11
Bathrooms
4
Total area
5,537 SF
Lot
0.64 ac (28,009 SF)
Zoning code
R-1
APN
CUMB M:037 B:0893 L:000
UPID
US76-0370855
Jurisdiction
CUMBERLAND
Zoning & alternative use
R-1 · Cumberland, RIZoning R-1 · permitted uses
R-1 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals may be kept for each single-family dwelling unit provided that no roosters shall be kept, and provided that such allowable livestock are housed and that any building and/or enclosures which house such livestock be located no less than 25 feet from the property line. Properties containing more than one residential unit do not qualify under this provision.
Zone name
One Household Low Density
General category
RESIDENTIAL
Zone area
5,344.54 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$770,000
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
1880
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
4
Rooms
11
Bathrooms
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
3231 Mendon Rd Realty LLC
Entity
Mailing address
3231 MENDON RD, CUMBERLAND, RI 02864-2459
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
—
3231 Mendon Road Rlty LLC
—
Deed
related
$75,000 · Bank Rhode Island
Aug 30, 2022
$750,000
3231 Mendon Rd Realty LLC
Benedict J Ingegneri
Warranty Deed
$800,000 · Bank Rhode Island
Nov 17, 2017
—
Benedict J Ingegneri
—
Deed
related
$350,000 · Navigant Cu
—
—
Benedict J Ingegneri
—
Deed Of Trust
related
$350,000 · Navigant Cu
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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