Individually Owned Property summary
AI-generated overview
Two adjacent commercial parcels are located on Route 114 in Middletown, Rhode Island, on Aquidneck Island’s primary traffic corridor, with approximately 150 linear feet of frontage. The first parcel contains a 12,196-square-foot lot with a 2,124-square-foot free-standing building that has operated as a Mexican restaurant for decades and historically included liquor and victualing licenses. The second parcel includes a 12,197-square-foot lot improved with a single-story masonry retail strip center totaling 2,950 square feet, subdivided into three tenant spaces with separate utility arrangements. Combined, the parcels comprise about 0.56 acres, with total building area of 5,074 square feet.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,972 SF
Lot
0.28 ac (12,197 SF)
Zoning code
GBA
APN
MIDD M:0107 B:SE L:17
UPID
US76-0378118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
since 2013
1 recorded transaction
Zoning & alternative use
GBA · Middletown, RI
Zoning description
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 48 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$150 / SF
Confidence
High
48 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,972 SF
Lot area
0.28 ac
Year built
1960
Stories
1
APN
MIDD M:0107 B:SE L:17
Zoning
GBA
Assessed value
$561,800
Annual tax
$7,292
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$485k
Weighted, 20 comps · high confidence
Evidence
48 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.7 mi away · 2,030 SF
10.4 mi away · 2,522 SF
10.4 mi away · 2,522 SF
10.5 mi away · 2,094 SF
10.6 mi away · 2,540 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 64 sales
$258
-42%
Submarket 166 sales
$327
-54%
County 265 sales
$297
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $150/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 48 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$562k
Move the market yield to see immediate price impact.
Value / SF
$285
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$35k
$708k
$506k
$393k
$39k
$787k
$562k
$437k
$43k
$865k
$618k
$481k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
48 found
High confidence · county-verified
Closest comparable
$575k
6.3 mi · Nov 2025 · $292/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,292
Tax year 2024
Assessed value
$561,800
Assessed 2024
Previous assessed
$391,700
+43.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$323,700
Assessed improvement
$238,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
1,972 SF
Lot
0.28 ac (12,197 SF)
Zoning code
GBA
APN
MIDD M:0107 B:SE L:17
UPID
US76-0378118
Jurisdiction
MIDDLETOWN
Zoning & alternative use
GBA · Middletown, RIZoning GBA · permitted uses
GBA · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GBA
MIXED_USE
Jurisdiction
Middletown, RI
Recorded code
GBA
Official district
GBA
Official district profile
What the municipal code says about GBA
Zoning description
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GBA in Middletown, RI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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