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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
Zoning description
C-2: General Commercial District. This zoning district is intended for commercial areas that serve Town-wide needs for retail, services and professional office establishments. (e) Industrial.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
136.20 ac
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
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
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, RIZoning 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
Zoning description
C-2: General Commercial District. This zoning district is intended for commercial areas that serve Town-wide needs for retail, services and professional office establishments. (e) Industrial.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
136.20 ac
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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