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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Investment properties
49 Water St, Warren, RI 02885-3022
Entity Owned
3-yr Hold
Property ID
US76-0115315
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1830
Construction
FRAME
Total area
5,573 SF
Lot
0.1 ac (4,186 SF)
Zoning code
VB
APN
WARR M:2 L:13
UPID
US76-0115315
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
-
Ananda Hair Lounge Hair Salon Nail Salon
-
Justine Ring Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$670k
Owner & transaction history
Devine Open Studio LLC · 3 yrs held
Devine Open Studio LLC
since 2022
Last sale
$677,500
7 recorded transactions
Zoning & alternative use
VB · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$760,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $678k (Jun 29 2022)
Last sale anchor
$678k
Jun 29 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
$120 / 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
$8,203
Tax year 2023
Assessed value
$600,500
Assessed 2023
Previous assessed
$600,500
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$111,500
Assessed improvement
$489,000
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
1830
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
2
Rooms
8
Bathrooms
4
Total area
5,573 SF
Lot
0.1 ac (4,186 SF)
Zoning code
VB
APN
WARR M:2 L:13
UPID
US76-0115315
Jurisdiction
WARREN
Zoning & alternative use
VB · Warren, RI
Zoning VB · permitted uses
VB · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1830
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
2
Rooms
8
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Devine Open Studio LLC
Entity
Mailing address
49 WATER ST, WARREN, RI 02885-3022
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$677,500
Devine Open Studio LLC
Faniculated Consortium
Warranty Deed
$542,000 · Baycoast Bank
May 31, 2019
—
Faniculated Consortium
—
Deed
related
$160,000 · Banknewport
Nov 2, 2017
$410,000
Faniculated Consortium
Cranwell,ron J
Warranty Deed
—
Jul 8, 2003
$245,000
Ron Cranwell
Galuszka,irene
Grant Deed
—
Feb 5, 2002
$159,000
Dawn M Galuszka
C Lab Assoc INC
Grant Deed
—
Feb 6, 2001
$125,000
C Lab Associates INC
Bellini,anthony
Grant Deed
$125,000 · Quint Realty Assoc
Feb 1, 2001
$105,000
Amitie Bellini
Ney,joseph A
Grant Deed
—
Jul 27, 2000
—
Joseph A Ney
—
Deed Of Trust
related
$93,000 · Apex Mortgage Corp
Sep 8, 1989
—
Joseph Ney
—
Deed Of Trust
related
$150,000 · Bank Of N E Old Colony
—
—
Faniculated Consortium
—
Deed Of Trust
related
$160,000 · Banknewport
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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