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Property profile & analytics
OFF-MARKET
Office Spaces
35 Nn Rd South Kingstown, RI 02879-2164
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0053138
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1900
Total area
997 SF
Zoning code
CN
APN
SKIN P:049-1 L:083-04
UPID
US76-0053138
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
What Cheer Realty LLC · 14 yrs held
What Cheer Realty LLC
since 2011
2 recorded transactions
Zoning & alternative use
CN · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DISTRICT RM All Other Permitted Uses, including Two-Household Detached Structure 10,000 70 30% 35 15 25 25 10 20 10 10 ZONING DISTRICT CN Single- or Two-Household Detached Structure 10,000 70 25% 35 15 20 20 10 20 6 6 3, 6, 8 Multi-Household: Land Development Projects - Use…
Zone name
Commercial Neighborhood
General category
MIXED_USE
Zone area
127.96 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,216
Tax year 2024
Assessed value
$200,500
Assessed 2024
Previous assessed
$200,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed improvement
$200,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Bathrooms
2
Total area
997 SF
Zoning code
CN
APN
SKIN P:049-1 L:083-04
UPID
US76-0053138
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CN · South Kingstown, RIZoning CN · permitted uses
CN · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DISTRICT RM All Other Permitted Uses, including Two-Household Detached Structure 10,000 70 30% 35 15 25 25 10 20 10 10 ZONING DISTRICT CN Single- or Two-Household Detached Structure 10,000 70 25% 35 15 20 20 10 20 6 6 3, 6, 8 Multi-Household: Land Development Projects - Use Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35
Zone name
Commercial Neighborhood
General category
MIXED_USE
Zone area
127.96 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1900
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Bathrooms
2
Current owner
From public records · entity-resolved
What Cheer Realty LLC
Entity
Mailing address
1001 MAIN ST STE #13, EAST GREENWICH, RI 02818-1758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2014
—
What Cheer Realty LLC
—
Deed Of Trust
related
$152,000 · Bank Of Newport
Dec 30, 2011
$165,000
What Cheer Realty LLC
Lily Pads Props
Warranty Deed
$165,000 · Misc Other
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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