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Financial
Distress signals
Property profile

85 Beach St Westerly, RI 02891

FOR LEASE
Investment properties
Property ID
US76-0297112
4,693 SF 0.53 ac lot Built 1790
Last sale Oct 2024 · $160,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-story, 1-unit office building situated at 85 Beach Street, Unit 6, in Westerly, Rhode Island. Constructed in 1988, this property offers a versatile space suitable for various commercial uses, including traditional office, medical office, executive office, specialty services, and even dental practices. The building sits on a lot with 0 square feet, indicating a potential for redevelopment or expansion depending on zoning regulations. The…

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?
$7k
Tax billed · 2024
Assessed value$627k
Assessed land$180k
Assessed improvement$447k
Effective rate1.04%

Value estimate

· Oct 2026
$290k
$261k – $319k
Submarket $/SF estimate$691k
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$4k
Operating expenses−$3k
NOI · 960.60% cap applied$10k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$92 – $356
Qualifying comparables11

Cap rate analysis

How does the asset earn?
960.60%
$10k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWESTERLY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.1
HVAC Service10.1
Wholesale Shop9.8

Location

85 Beach St Westerly, RI 02891
County assessor Recorded deeds · 21 transfers 11 qualifying comp sales Zoning catalog · not on file

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
64 Friendship, Westerly, RI 02891-1543 $460,000 Dec 2025 4,275 SF
328 Atlantic, Westerly, RI 02891-4310 $3,080,000 Sep 2024 6,437 SF
128 Main, Westerly, RI 02891-2132 $690,000 Jul 2022 3,793 SF
117 High, Westerly, RI 02891-1988 $232,500 Dec 2021 4,613 SF
35 Crestview, Westerly, RI 02891-2907 $420,000 Jan 2020 3,338 SF
33 Railroad, Westerly, RI 02891-1817 $625,000 Nov 2019 4,940 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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