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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
409 Hope St, Bristol, RI 02809-1865
Individually Owned
6-yr Hold
Property ID
US76-0033389
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1807
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,629 SF
Lot
0.16 ac (6,856 SF)
Zoning code
D
APN
BRIS M:10 L:23
UPID
US76-0033389
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
-
Locks.Perfect.Jess / Hair by Jess Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$510k
Owner & transaction history
Sarah M Redman · 6 yrs held
Sarah M Redman
since 2020
Last sale
$460,000
7 recorded transactions
Zoning & alternative use
D · Bristol, RI
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$545,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $460k (Feb 18 2020)
Last sale anchor
$460k
Feb 18 2020
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
$110 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,138
Tax year 2023
Assessed value
$609,100
Assessed 2023
Previous assessed
$609,100
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$242,900
Assessed improvement
$366,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1807
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
14
Bathrooms
5
Total area
4,629 SF
Lot
0.16 ac (6,856 SF)
Zoning code
D
APN
BRIS M:10 L:23
UPID
US76-0033389
Jurisdiction
BRISTOL
Zoning & alternative use
D · Bristol, RI
Zoning D · permitted uses
D · Bristol, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1807
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
14
Bathrooms
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Sarah M Redman
Individual
Mailing address
407 HOPE ST #409, BRISTOL, RI 02809-1803
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
—
Sarah M Redman
Michael S Redman
Quit Claim Deed
related
$522,000 · Baycoast Bank
Sep 13, 2013
—
Michael S Redman
—
Deed Of Trust
related
$50,000 · South Eastern Econ Dev Corp
Jun 4, 2012
—
Sara M Redman
—
Deed Of Trust
related
$531,200 · Baycoast Bank
Dec 13, 2011
—
Michael S Redman
—
Deed Of Trust
related
$50,000 · South Eastern Economic Development Corp
Jul 2, 2010
$460,000
Michael Redman
Sullivan,diane P
Warranty Deed
$453,887 · Maverick Funding Corp
Mar 29, 2004
—
Diane Sullivan
—
Deed Of Trust
related
$356,250 · Delta Funding
May 11, 2000
$291,000
Diane P Sullivan
First Congregational
Grant Deed
$232,800 · Robert J Dean SR
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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