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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Showrooms
5 Hart St Middletown, RI 02842-4865
Entity Owned
3-yr Hold
Property ID
US76-0294390
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1947
Total area
1,666 SF
Lot
0.14 ac (6,098 SF)
Zoning code
GB
APN
MIDD M:0107 B:SW L:87
UPID
US76-0294390
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
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Neptunes Daughter LLC · 3 yrs held
Neptunes Daughter LLC
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
GB · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,300,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.32M (Jul 27 2022)
Last sale anchor
$1.32M
Jul 27 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
$792 / 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
$2,692
Tax year 2024
Assessed value
$207,400
Assessed 2024
Previous assessed
$146,700
+41.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$194,700
Assessed improvement
$12,700
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
1947
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
7
Bathrooms
2
Total area
1,666 SF
Lot
0.14 ac (6,098 SF)
Zoning code
GB
APN
MIDD M:0107 B:SW L:87
UPID
US76-0294390
Jurisdiction
MIDDLETOWN
Zoning & alternative use
GB · Middletown, RI
Zoning GB · permitted uses
GB · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
7
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Neptunes Daughter LLC
Entity
Mailing address
1233 ANTHONY RD, PORTSMOUTH, RI 02871-6005
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$1,320,000
Neptunes Daughter LLC
Smudgeco LLC
Warranty Deed
$660,000 · Banknewport
Dec 20, 2002
$229,000
Gregory Canale
Rodrigues,mark
Grant Deed
$159,000 · Northeast Mortgage Corp
Dec 18, 2001
—
Mark F Rodrigues
—
Deed Of Trust
related
$141,800 · Bank Of Newport
Dec 13, 1999
—
Mark F Rodrigues
—
Deed Of Trust
related
$35,000 · Dream House Mortgage Co
Mar 31, 1998
—
Mark F Rodrigues
—
Deed Of Trust
related
$110,000 · National Mortgage Co
May 1, 1996
$110,000
Mark F Rodrigues
Durfee,ray H
Grant Deed
$109,918 · Pinnacle Financial Corp
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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