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Property profile & analytics
OFF-MARKET
Investment properties
606 Main Rd, Middletown, RI 02842-7245
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0376541
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
3,250 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R20A
APN
MIDD M:0113 B:00 L:162A
UPID
US76-0376541
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
-
Oceana Styling Salon Hair Salon Nail Salon
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
Terrence J Wilke · 3 yrs held
Terrence J Wilke
since 2022
Last sale
$345,000
7 recorded transactions
Zoning & alternative use
R20A · 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 2024Property tax & assessments
Tax year 2024
Assessed value
$536,800
Assessed 2024
Previous assessed
$367,100
+46.2% YoY
Assessed land
$204,400
Assessed improvement
$332,400
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
1940
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
4
Total area
3,250 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R20A
APN
MIDD M:0113 B:00 L:162A
UPID
US76-0376541
Jurisdiction
MIDDLETOWN
Zoning & alternative use
R20A · Middletown, RI
Zoning R20A · permitted uses
R20A · 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
1940
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Terrence J Wilke
Individual
Mailing address
606 E MAIN RD, MIDDLETOWN, RI 02842-7245
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Terrence J Wilke
Terrence J Wilke
Quit Claim Deed
related
—
Apr 4, 2022
—
Thanh T Nguyenwilke
Thanh T Nguyenwilke
Quit Claim Deed
related
—
Nov 27, 2007
$1
Thanh Wilke
Wilke,terrence
Grant Deed
related
—
Nov 1, 2007
—
Thanh-tam Nguyen Wilke
—
Deed Of Trust
related
$400,000 · Dream House Mortgage Co
Sep 21, 2006
—
Terrence Wilke
—
Deed Of Trust
related
$130,000 · Citibank Fsb
Oct 18, 2005
—
Terrence J Wilke
—
Deed Of Trust
related
$25,000 · Navy FCU
Aug 17, 2005
—
Terrence J Wilke
—
Deed Of Trust
related
$276,000 · Navy FCU
Jan 15, 2004
$345,000
Terrence Wilke
Bacon,andrew
Grant Deed
$276,000 · Oak Tree Funding LLC
Dec 7, 1998
—
Andrew C Bacon
—
Deed Of Trust
related
$40,000 · Newport Fsb
Mar 18, 1996
$50,000
Andrew C Bacon
Bacon,carlton F
Grant Deed
related
$60,000 · Newport Fsb
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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