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Financial
Distress signals
Property profile

72 East Main Rd Middletown, RI 02842

FOR SALE
Showrooms
Property ID
US76-0297947
2,236 SF 0.26 ac lot Built 1950
Last sale Dec 1994 · $106,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional two-story retail or restaurant property boasts 11,325 square feet situated on Aquidneck Island's vibrant business center. The single-tenant building offers high visibility and significant foot traffic, benefiting from its location across from major retailers like CVS, Verizon, and West Marine, and its proximity to a busy intersection. The property includes 15 parking spaces, ensuring ample convenience for customers and employees. The zoning is designated as GBA, providing…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$733k
Assessed land$457k
Assessed improvement$276k
Effective rate1.30%

Value estimate

· Oct 2026
$135k
$122k – $149k
AI approach$125k
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$5k
Operating expenses−$11k
NOI · 2.77% cap applied$32k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$258/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$189 – $349
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.77%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GBA
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as w...
General categoryMIXED_USE
JurisdictionMIDDLETOWN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.2
Law Firm20.9
Wholesale Shop19.0

Location

72 East Main Rd Middletown, RI 02842
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Aquidneck, Middletown, RI 02842 $1,330,000 Jan 2025 2,215 SF
132 Main, Middletown, RI 02842-4913 $481,500 Mar 2024 1,872 SF
795 Main, Middletown, RI 02842-6314 $375,000 Dec 2023 2,280 SF
800 Aquidneck Ave, Middletown, RI 02842-7222 $1,500,000 Nov 2023 3,000 SF
314 Oliphant, Middletown, RI 02842-4613 $374,800 Aug 2023 2,350 SF
717 Main, Middletown, RI 02842-6357 $950,000 Sep 2022 2,074 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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