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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Showrooms
5 Narragansett Ave Jamestown, RI 02835-1113
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US76-0192558
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
4,980 SF
Lot
0.21 ac (8,930 SF)
Zoning code
CD
APN
JAME M:9 L:251
UPID
US76-0192558
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
-
Jamestown True Value Building Supply Hardware & Home Improvement
-
UPS Authorized Shipping Provider Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$850k
Owner & transaction history
5 Narragansett LLC · 14 yrs held
5 Narragansett LLC
since 2012
7 recorded transactions
Zoning & alternative use
CD · Jamestown, 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 Jamestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamestown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$171 / 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
$6,225
Tax year 2023
Assessed value
$891,800
Assessed 2023
Previous assessed
$891,800
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$539,000
Assessed improvement
$352,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
4,980 SF
Lot
0.21 ac (8,930 SF)
Zoning code
CD
APN
JAME M:9 L:251
UPID
US76-0192558
Jurisdiction
JAMESTOWN
Zoning & alternative use
CD · Jamestown, RI
Zoning CD · permitted uses
CD · Jamestown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamestown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
5 Narragansett LLC
Entity
Mailing address
3 EXCALIBUR DR, WEST KINGSTON, RI 02892-1188
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
5 Narragansett LLC
—
Deed
related
$330,000 · Banknewport
May 30, 2012
—
5 Narragansett LLC
—
Deed Of Trust
related
$54,125 · Stephen A Sherman T
May 3, 2012
$641,250
5 Narragansett LLC
Stephen A Sherman T
Grant Deed
$267,000 · New England Certified Deveopment Corp
Sep 28, 2004
—
Stephen Sherman
—
Deed Of Trust
related
$280,000 · Washington Trust Co
Dec 20, 2000
—
Stephen A Sherman
—
Deed Of Trust
related
$199,000 · Washington Trust Co
Feb 28, 1997
$250,000
Stephen A Sherman
Dunlevy,raymond R
Grant Deed
$83,094 · Zenon Grzybowski
Jan 7, 1991
$225,000
Jamestown Hardware
Hobday,william
Grant Deed
$52,754 · Zenon Grzybowski
—
—
5 Narragansett LLC
—
Deed Of Trust
related
$303,593 · Bank Of Newport
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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