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Property profile & analytics
OFF-MARKET
Retail space
502 Main St Warren, RI 02885-4369
Entity Owned
4-yr Hold
Free & Clear
Property ID
US76-0208835
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,380 SF
Lot
0.04 ac (1,851 SF)
Zoning code
VB
APN
WARR M:4 L:145
UPID
US76-0208835
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
-
Diamond Cutz Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jpsproperties LLC · 4 yrs held
Jpsproperties LLC
since 2021
Last sale
$190,000
2 recorded transactions
Zoning & alternative use
VB · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
Zone name
Village Business
General category
MIXED_USE
Zone area
65.28 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,867
Tax year 2023
Assessed value
$209,900
Assessed 2023
Previous assessed
$209,900
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$139,400
Assessed improvement
$70,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
1,380 SF
Lot
0.04 ac (1,851 SF)
Zoning code
VB
APN
WARR M:4 L:145
UPID
US76-0208835
Jurisdiction
WARREN
Zoning & alternative use
VB · Warren, RIZoning VB · permitted uses
VB · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
Zone name
Village Business
General category
MIXED_USE
Zone area
65.28 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Jpsproperties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4 PNE TOP RD, BARRINGTON, RI 02806-1706
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
$190,000
Jpsproperties LLC
Robert S Andreozzi
Warranty Deed
—
Jun 17, 2020
$160,000
Robert S Andreozzi
Susan M Maturi
Grant Deed
—
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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