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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Showrooms
629 Succotash Rd South Kingstown, RI 02879-5839
Entity Owned
9-yr Hold
Free & Clear
Property ID
US76-0154971
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1946
Construction
FRAME
Total area
5,795 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CW
APN
SKIN P:087-2 L:000189
UPID
US76-0154971
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
$905k
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$805k
Owner & transaction history
Mtk Esm LLC · 9 yrs held
Mtk Esm LLC
since 2016
7 recorded transactions
Zoning & alternative use
CW · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25% 35 15 60 60 30 40 15 15 8 ZONING DISTRICT CW Marine Services, Repairs and Sales, including Marinas; Boat Yard, Small Boat Rental or Pier 40,000 100 25% 35 15 40 40 30 30 15 15 8 Comme…
Zone name
Commercial Waterfront
General category
COMMERCIAL
Zone area
46.25 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,090,000
Current use
OFFICE BUILDING
$1,015,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$139 / 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
$11,982
Tax year 2024
Assessed value
$1,084,300
Assessed 2024
Previous assessed
$1,084,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$500,800
Assessed improvement
$583,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1946
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
5,795 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CW
APN
SKIN P:087-2 L:000189
UPID
US76-0154971
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CW · South Kingstown, RIZoning CW · permitted uses
CW · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25% 35 15 60 60 30 40 15 15 8 ZONING DISTRICT CW Marine Services, Repairs and Sales, including Marinas; Boat Yard, Small Boat Rental or Pier 40,000 100 25% 35 15 40 40 30 30 15 15 8 Commercial Beach, Bathhouse, Beach Club, Yacht Club and Parking Facilities 80,000 200
Zone name
Commercial Waterfront
General category
COMMERCIAL
Zone area
46.25 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
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
1946
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.8 ac
Current owner
From public records · entity-resolved
Mtk Esm LLC
Entity
Free & Clear · 9 yrs held
Mailing address
629 SUCCOTASH RD, WAKEFIELD, RI 02879-5839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2017
—
Pkw LLC
—
Deed
related
$4,950,000 · Farm Credit Svcs
Oct 7, 2016
$32,000
Mtk Esm LLC
Shore Line Realty Co INC
Warranty Deed
—
Nov 25, 2013
—
Perry Raso
Raso,perry A
Quit Claim Deed
related
—
Dec 29, 2011
$1
Perry A Raso
Raso,perry A
Warranty Deed
related
—
Feb 26, 2009
$460,000
Raso,perry A
Tennco Investments LLC
Warranty Deed
$162,000 · First Pioneer Farm Credit Aca
May 19, 1995
$223,000
Ronnie Jampel
Formicola,joseph G JR
Grant Deed
—
—
—
Pkw LLC
—
Deed Of Trust
related
$4,950,000 · Farm Credit Svcs
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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