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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Showrooms
72 Johnny Cake Hl Rd Middletown, RI 02842-5639
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0377699
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,080 SF
Lot
3.05 ac (132,858 SF)
Zoning code
OB
APN
MIDD M:0114 B:00 L:601
UPID
US76-0377699
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
$4.63M
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.63M
Owner & transaction history
7 Johnny Cake Hill LLC · 2 yrs held
7 Johnny Cake Hill LLC
since 2024
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
OB · 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
Method
Estimation
Statistic approach
$4,625,000
ML approach
$4,625,000
CAP Approach
CAP Return
Estimation
6%
$3,220,000
6.5%
$2,970,000
7%
$2,760,000
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±10% · vs last sale $4.63M (Apr 11 2024)
Last sale anchor
$4.63M
Apr 11 2024
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
$242 / 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
$25,023
Tax year 2024
Assessed value
$1,927,800
Assessed 2024
Previous assessed
$1,014,500
+90.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$760,500
Assessed improvement
$1,167,300
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
19,080 SF
Lot
3.05 ac (132,858 SF)
Zoning code
OB
APN
MIDD M:0114 B:00 L:601
UPID
US76-0377699
Jurisdiction
MIDDLETOWN
Zoning & alternative use
OB · Middletown, RI
Zoning OB · permitted uses
OB · 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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
3.05 ac
Current owner
From public records · entity-resolved
7 Johnny Cake Hill LLC
Entity
Mailing address
72 JOHNNY CAKE HL RD, MIDDLETOWN, RI 02842-5639
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
72 Johnny Cake Hill LLC
—
Deed
related
$2,860,000 · Beacon Bank & Trust
Apr 11, 2024
$4,625,000
7 Johnny Cake Hill LLC
Gg Properties LLC
Warranty Deed
$3,237,500 · Bank Rhode Island
Mar 10, 2004
—
Avid Airline Products INC
—
Deed Of Trust
related
$1,500,000 · Citizens Bank Of Ri
Aug 9, 1994
$300,000
Avid Ariline Produce
Marvin Gardens Ltd
Grant Deed
—
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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