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Property profile & analytics
OFF-MARKET
Showrooms
55 John Clarke Rd Middletown, RI 02842-5686
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0130697
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,200 SF
Lot
2 ac (87,120 SF)
Zoning code
OP
APN
MIDD M:0115 B:00 L:33
UPID
US76-0130697
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
-
Oil Heat Institute of Rhode Island Big Box & Wholesale Store
-
International Crisis Management Conference Association Or Organization
-
Newport Car Vaults Storage Facility Parking Lot & Garage
-
EyeciteMedia Industrial Manufacturer Production Facility
-
Cleaning Zoom (Bike/Boat/Book/etc) Store
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
Jeffrey Sigal Ret · 1 yrs held
Jeffrey Sigal Ret
since 2025
Last sale
$405,000
7 recorded transactions
Zoning & alternative use
OP · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$37,437
Tax year 2023
Assessed value
$2,002,000
Assessed 2023
Previous assessed
$2,002,000
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$261,400
Assessed improvement
$1,740,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
30
Total area
24,200 SF
Lot
2 ac (87,120 SF)
Zoning code
OP
APN
MIDD M:0115 B:00 L:33
UPID
US76-0130697
Jurisdiction
MIDDLETOWN
Zoning & alternative use
OP · Middletown, RI
Zoning OP · permitted uses
OP · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
30
Lot
2 ac
Current owner
From public records · entity-resolved
Jeffrey Sigal Ret
Individual
Mailing address
78 AYRAULT ST, NEWPORT, RI 02840-2777
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
34 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
Jeffrey Sigal Ret
Jeffrey M Siegal
Warranty Deed
—
Oct 30, 2024
$358,000
Simaan Properties LLC
Smyth Painting Com LLC
Warranty Deed
$268,500 · Centreville Bank
Sep 16, 2024
$400,000
Jason Barrett
Bayshores Cap & Re INC
Warranty Deed
—
Jul 29, 2024
$800,000
Gas Only LLC
Easton Pond Realty LLC
Warranty Deed
$600,000 · Centreville Bank
Mar 20, 2024
—
Douglas C Smyth
Mossa Da Re LLC
Quit Claim Deed
related
—
Mar 20, 2024
$405,000
Jonathan D Bergmann
Douglas C Smyth
Warranty Deed
—
Oct 25, 2023
$415,000
Jeffrey M Siegal
Todd Stuart
Condominium Deed
—
Oct 24, 2023
—
2023 Mm Units LLC
Martino Nardo
Quit Claim Deed
related
—
Oct 24, 2023
$333,333
2023 Mm Units LLC
Easton Pond Realty LLC
Warranty Deed
—
Oct 13, 2023
—
Mossa Da Re LLC
Doug Smyth
Quit Claim Deed
related
—
Sep 28, 2023
$850,000
David I Goulden Ret
Easton Pond Realty LLC
Warranty Deed
—
Sep 22, 2023
$765,000
Newport Dreamland LLC
Easton Pond Realty LLC
Warranty Deed
—
Sep 8, 2023
$375,000
Robert Cerchione
Easton Pond Realty LLC
Warranty Deed
—
Sep 8, 2023
$780,000
Boys Toys LLC
Easton Pond Realty LLC
Warranty Deed
—
Sep 8, 2023
$750,000
Dbsh LLC
Easton Pond Realty LLC
Warranty Deed
—
Aug 31, 2023
$400,000
Charles N Hamilton
Easton Pond Realty LLC
Warranty Deed
—
Aug 31, 2023
$375,000
Bayshores Cap & Res INC
Easton Pond Realty LLC
Warranty Deed
—
Aug 11, 2023
$385,500
Groundswell Seven LLC
Easton Pond Realty LLC
Warranty Deed
$288,750 · Banknewport
Jul 25, 2023
$365,500
Mighty Group Holdings LLC
Easton Pond Realty LLC
Warranty Deed
$325,000 · Centre 1st Bank
Jun 30, 2023
$400,000
Jake Kaplans Dev LLC
Easton Pondrealty LLC
Warranty Deed
—
Jun 29, 2023
$647,500
Alluja Middletown LLC
Easton Pond Realty LLC
Warranty Deed
—
Jun 16, 2023
$340,000
Smyth Painting Co LLC
Easton Pond Realty LLC
Warranty Deed
—
May 22, 2023
$325,000
261 Benefit Street LLC
Easton Pond Realty LLC
Warranty Deed
—
May 5, 2023
$620,800
Veloce 480a LLC
Easton Pond Realty LLC
Warranty Deed
—
May 1, 2023
$333,333
Martino Nardo
Easton Pond Realty LLC
Warranty Deed
—
Apr 21, 2023
$340,000
Todd Stuart
Easton Pond Realty LLC
Warranty Deed
—
Apr 14, 2023
$800,000
Ri Re Holdigns LLC
Easton Pond Realty LLC
Warranty Deed
—
Apr 10, 2023
$299,000
Peter C Tea
Easton Pond Realty LLC
Warranty Deed
—
Oct 11, 2012
—
Easton Pond Realty LLC
—
Deed Of Trust
related
$650,000 · Bank Of Newport
Dec 30, 2005
—
Easton Pond Realty LLC
—
Deed Of Trust
related
$1,000,000 · Sovereign Bank
Sep 30, 2005
$1,600,000
Green End Pond Realty LLC
Northrop Grumman INC
Grant Deed
—
—
—
Easton Pond Realty LLC
—
Deed Of Trust
related
$70,000 · Bank Of Newport
—
—
Easton Pond Realty LLC
—
Deed Of Trust
related
$850,000 · Banknewport
—
—
Ri Health & Educational
—
Deed Of Trust
related
$9,555 · Child & Family Services
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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