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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Investment properties
412 Thames St, Bristol, RI 02809-5904
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0059890
Property summary
AI-generated overview
Exceptional opportunity to lease a vibrant storefront at 412 Thames Street in Bristol, Rhode Island. This 2,100+ square foot space, situated in a 1930 building on an 8,276 square foot lot, boasts soaring ceilings, hardwood floors, and abundant natural light from front windows and skylights. Its prime location directly overlooks Independence Park, the East Bay Bike Path, and Stone Harbor's waterfront boardwalk, placing your business in the heart of downtown Bristol's bustling activity. Enjoy proximity to restaurants, nightlife, galleries, shops, and residential areas. The property's visibility is amplified during summer festivities in Independence Park. Additional space and a private enclosed courtyard offer further potential. The landlord is willing to build to suit tenant needs. This unique property presents a rare chance to establish your business in one of Bristol's most desirable locations. Inquire for a tour and further details.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
4,848 SF
Lot
0.19 ac (8,342 SF)
Zoning code
W
APN
BRIS M:9 L:68
UPID
US76-0059890
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
-
C A Daniels & Co Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$965k
Owner & transaction history
Gary R Mello · 3 yrs held
Gary R Mello
since 2022
Last sale
$901,000
2 recorded transactions
Zoning & alternative use
W · 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
$1,010,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,055,000
7%
$980,000
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $901k (Sep 2 2022)
Last sale anchor
$901k
Sep 2 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
$199 / 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
$6,009
Tax year 2023
Assessed value
$449,800
Assessed 2023
Previous assessed
$449,800
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$252,700
Assessed improvement
$197,100
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
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
4,848 SF
Lot
0.19 ac (8,342 SF)
Zoning code
W
APN
BRIS M:9 L:68
UPID
US76-0059890
Jurisdiction
BRISTOL
Zoning & alternative use
W · Bristol, RI
Zoning W · permitted uses
W · 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
1930
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Gary R Mello
Individual
Mailing address
412 THAMES ST, BRISTOL, RI 02809-5904
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$901,000
Gary R Mello
Cynthia A Daniels
Warranty Deed
$675,750 · Baycoast Bank
Nov 17, 1994
$173,500
Cynthia A Daniels
Barrow,robert K
Grant Deed
$125,000 · Home Loan & Investment Co
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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