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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Showrooms
456 Main St South Kingstown, RI 02879-7408
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0080314
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
FRAME
Total area
9,976 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CD
APN
SKIN P:056-3 L:000020
UPID
US76-0080314
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.03M
Owner & transaction history
456 Main Street LLC · 6 yrs held
456 Main Street LLC
since 2020
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CD · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0…
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 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
Method
Estimation
Statistic approach
$2,525,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
$1,685,000
6.5%
$1,555,000
7%
$1,445,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,875,000
Current use
OFFICE BUILDING
$1,745,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.07M (May 8 2020)
Last sale anchor
$2.07M
May 8 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
$203 / 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
$19,254
Tax year 2024
Assessed value
$1,742,400
Assessed 2024
Previous assessed
$1,742,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$303,900
Assessed improvement
$1,438,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
9,976 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CD
APN
SKIN P:056-3 L:000020
UPID
US76-0080314
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CD · South Kingstown, RIZoning CD · permitted uses
CD · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT CD Multi-Household: Land Development Projects - Use Codes 12 and 12.1 5,000 for first 2 D.U.s + 1,200 per each add'l. D.U. 50 50% 40 15 0 0 0 0 0 0 4, 6, 8, 10, 12 All Other Permitted Principal Uses 5,000 50 50% 40 15 0 0
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
90.22 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
456 Main Street LLC
Entity
Mailing address
PO BOX 412, NORTH KINGSTOWN, RI 02852-0412
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
Dec 28, 2021
—
456 Main Street LLC
—
Deed
related
$3,975,000 · Centreville Bank
May 8, 2020
—
456 Main Street LLC
J2 Props
Quit Claim Deed
related
—
Apr 18, 2018
$2,070,000
J2 Props
Double D Realty LLC
Warranty Deed
—
May 15, 2013
—
Dds Props LLC
—
Deed Of Trust
related
$300,000 · Washington Trust Co
Aug 22, 2008
$1
Dds Properties LLC
Dds LLC
Warranty Deed
related
—
Mar 4, 2004
—
Dds LLC
—
Deed Of Trust
related
$650,000 · Washington Trust Co
Nov 6, 1998
—
Dds LLC
—
Deed Of Trust
related
$355,000 · Washington Trust 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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