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    Property profile & analytics

    55 John Clarke Rd Middletown, RI 02842-5686

    • Showrooms
    • 24,200 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Mar 20, 2024
    $405,000
    Location Intelligence
    Property ID
    US76-0130697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oil Heat Institute of Rhode Island / Heating Oil Supplier
    • International Crisis Management Conference / Association Or Organization
    • Newport Car Vaults / Automobile Storage Facility
    • EyeciteMedia / Manufacturer
    • Cleaning Zoom / Cleaners

    Property Details for 55 John Clarke Rd

    Year built
    2022
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    24,200 SF
    Zone code
    OP
    Property type
    Showrooms
    APN
    MIDD M:0115 B:00 L:33
    APU
    MIDDM0115B00L33

    Description

    This exceptional 1,022-square-foot special purpose property in Middletown, RI (02842), zoned OP, is ideally suited for car storage. Boasting 25-foot ceilings and a spacious mezzanine with a new kitchenette and half-bathroom, this unit offers unparalleled luxury and functionality. The polyurea-coated floor provides superior protection and durability. Four total parking spaces are included, with ample space for vehicles within the unit itself. The property enjoys convenient access to Aquidneck Island. This single-tenant space features 100-amp power and is subject to a fixed two-year lease. Annual property taxes are $1.16 per square foot. Note: This space is not for residential or commercial use. This unique offering is perfect for the discerning automotive enthusiast seeking secure, high-end storage. The mezzanine area provides versatile space for an office, lounge, or other uses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $400,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $465,000
      Mixed-Use
      $380,000
      Hospitality
      $360,000
      Educational
      $470,000
      Residential Income
      $475,000
      Energy
      $385,000
      Income-Based Land
      $415,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.2873
    Latitude
    41.5019
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,437
    $261,400
    $1,740,600
    $2,002,000
    -
    $0.00
    $0.00
    $0.00

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    55 John Clarke Rd
    Middletown, RI 02842-5686
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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