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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Investment properties
500 Mendon Rd, Cumberland, RI 02864-6219
Individually Owned
~
Est. High Equity
Property ID
US76-0368346
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Total area
7,622 SF
Lot
18.48 ac (804,989 SF)
Zoning code
C-2
APN
CUMB M:014 B:0002 L:000
UPID
US76-0368346
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
by Request
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.33M
Owner & transaction history
Olympia P Margaritidis Lt
Olympia P Margaritidis Lt
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+37.3%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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%
$1,500,000
6.5%
$1,385,000
7%
$1,285,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,065,000
Current use
OFFICE BUILDING
$1,460,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$174 / 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
$39,385
Tax year 2024
Assessed value
$3,295,800
Assessed 2024
Previous assessed
$3,295,800
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$654,700
Assessed improvement
$2,641,100
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
2008
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
8
Total area
7,622 SF
Lot
18.48 ac (804,989 SF)
Zoning code
C-2
APN
CUMB M:014 B:0002 L:000
UPID
US76-0368346
Jurisdiction
CUMBERLAND
Zoning & alternative use
C-2 · Cumberland, RI
Zoning C-2 · permitted uses
C-2 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
8
Lot
18.48 ac
Current owner
From public records · entity-resolved
Olympia P Margaritidis Lt
Individual
Mailing address
500 MENDON RD UNIT #119, CUMBERLAND, RI 02864-6226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Olympia P Margaritidis Lt
Olympia Pappasmargaritid
Quitclaim Deed
related
—
Sep 8, 2025
—
Laurie Patnaude
Marion E O'brien
Warranty Deed
—
Feb 15, 2024
—
Chabot Irt
Alan P Chabot
Warranty Deed
—
Nov 29, 2023
—
Jason E Boie
Arthur O Boie
Warranty Deed
related
—
Jul 24, 2023
—
Dupont Family Relt
Robert N Dupont
Warranty Deed
—
Dec 29, 2022
—
Michael F Grivers
—
Deed
related
$40,000 · Navigant Credit Union
Mar 12, 2013
$250,000
Manuel Pedro
Berkeley Commons Dev Co
Warranty Deed
$200,000 · Navigant Cu
Oct 15, 2012
$195,000
Rosemary Snyder
Fnma
Warranty Deed
$130,000 · Stears Lending
Aug 31, 2012
$249,500
Raymond P Lacourse
Berkeley Commons Dev LLC
Warranty Deed
$125,000 · Navigant Cu
Aug 24, 2012
$249,500
Robert J Mccormick
Berkeley Commons Dev Co
Warranty Deed
$65,000 · Navigant Cu
Apr 24, 2012
—
Kathleen M Avlino
—
Deed Of Trust
related
$282,190 · Bank Of America
Aug 4, 2011
$318,400
Eric E Lund
Berkeley Commons Dev Co
Warranty Deed
—
Jun 10, 2011
—
Kerri L Allen
—
Deed Of Trust
related
$185,741 · Bank Of America
Sep 27, 2010
$1
Julian Paul
Coleman,julian Paul
Grant Deed
—
Feb 26, 2010
$353,000
Paul Coleman Julian
Berkley Commons Dev
Warranty Deed
—
Apr 25, 2006
$333,000
Arthur Dawson
Berkeley Commons Dev
Grant Deed
—
Feb 7, 2006
—
Joseph Abbatematteo
—
Deed Of Trust
related
$60,000 · Bank Of America
Jun 30, 2004
—
Paul M Gote
—
Deed Of Trust
related
$170,000 · Webster Bank
May 3, 2004
$327,000
Robert Dupont
Berkeley Commons Dev LLC
Grant Deed
—
Mar 2, 2004
$331,000
Frederick Mason
Berkely Commons Dev
Grant Deed
$115,000 · Credit Union Central Falls
Feb 25, 2004
—
Peter Dandurand
—
Deed Of Trust
related
$200,000 · Wells Fargo Mortgage
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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