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Property profile & analytics
OFF-MARKET Estimated value $1,090,000
Showrooms

83 Narragansett Ave Narragansett, RI 02882-3480

3,790 SF 0.29 ac lot Built 1926
Individually Owned 5-yr Hold Free & Clear
Property ID
US76-0070572
Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1926
Construction FRAME
Total area 3,790 SF
Lot 0.29 ac (12,720 SF)
Zoning code R-10
APN NARR M:C B:344 L:B
UPID US76-0070572
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
$1.11M
CAP Approach CAP
$590k
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.09M
Owner & transaction history
Surf Shack Bed&breakfast · 5 yrs held
Surf Shack Bed&breakfast
since 2021
Last sale
$895,000
6 recorded transactions
2021
$895,000
2015
$650,000
2001
$160,000
1992
Price N/A
1990
Price N/A
1989
Price N/A
Zoning & alternative use
R-10 · Narragansett, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

streets in subdivisions located in the R-10, R-10A, and R-20 zoning districts, and in all residential cluster developments or multifamily developments except for short cul-de-sac streets serving five or fewer lots or dwellings. Sidewalks may be required to be installed along new streets in other areas if the planning board finds any of the following: a. The…

Zone name Residential High Density
General category RESIDENTIAL
Zone area 1,692.23 ac
Source code of ordinances
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