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Property profile & analytics
OFF-MARKET
Commercial real estate
37 Main St C1 East Greenwich, RI 02818-3889
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0078433
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1900
Construction
FRAME
Total area
1,250 SF
Zoning code
CD1
APN
EGRE M:085 B:001 L:239 U:3001
UPID
US76-0078433
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
Plutus LLC · 3 yrs held
Plutus LLC
since 2023
Last sale
$299,000
5 recorded transactions
Zoning & alternative use
CD1 · East Greenwich, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Commercial Downtown One District (CD/CD-1). This zone is designed to provide multiple uses on Main Street properties between Division Street and First Avenue/Rocky Hollow Road to promote active use of East Greenwich's downtown area by residents, shoppers and service-use clients and to provide vehicle and pedestrian safety. This district emphasizes first-floo…
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.16 ac
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 East Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Greenwich 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,791
Tax year 2023
Assessed value
$232,300
Assessed 2023
Previous assessed
$232,300
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed improvement
$232,300
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
1900
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
1,250 SF
Zoning code
CD1
APN
EGRE M:085 B:001 L:239 U:3001
UPID
US76-0078433
Jurisdiction
EAST GREENWICH
Zoning & alternative use
CD1 · East Greenwich, RIZoning CD1 · permitted uses
CD1 · East Greenwich, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Commercial Downtown One District (CD/CD-1). This zone is designed to provide multiple uses on Main Street properties between Division Street and First Avenue/Rocky Hollow Road to promote active use of East Greenwich's downtown area by residents, shoppers and service-use clients and to provide vehicle and pedestrian safety. This district emphasizes first-floor (street-level) uses which promote and encourage pedestrian activity and stops at more than one business. I.
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.16 ac
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Plutus LLC
Entity
Mailing address
101 AUSTIN MDWS LN, NORTH KINGSTOWN, RI 02852-1326
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
—
Plutus LLC
Chad A Verdi
Quit Claim Deed
related
—
Mar 31, 2023
$299,000
Chad A Verdi
Antasholings LLC
Warranty Deed
—
Mar 19, 2018
—
Dantasholdings LLC
Dantas,gregory
Warranty Deed
—
Nov 30, 2010
—
Skate Rlty Assoc LLC
—
Deed Of Trust
related
$190,000 · Webster Bank
Oct 20, 2003
—
Vincent M Viola
—
Deed Of Trust
related
$114,000 · Sovereign Bank
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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