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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Industrial properties
855 Aquidneck Ave Ste 9 Middletown, RI 02842-5282
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US76-0295987
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2007
Total area
1,920 SF
Zoning code
LBA
APN
MIDD M:0114 B:00 L:13309
UPID
US76-0295987
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
$290k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$290k
Owner & transaction history
Fathom Resources LLC · 10 yrs held
Fathom Resources LLC
since 2016
2 recorded transactions
Zoning & alternative use
LBA · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including…
Zone name
Traffic Sensitive Limited Business
General category
MIXED_USE
Zone area
133.09 ac
Source
Realmo
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
by Request
ML approach
$290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±10%
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
$151 / 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
$2,959
Tax year 2024
Assessed value
$228,000
Assessed 2024
Previous assessed
$201,600
+13.1% YoY
Effective rate
1.30%
On assessed value
Assessed improvement
$228,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2007
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Bathrooms
2
Total area
1,920 SF
Zoning code
LBA
APN
MIDD M:0114 B:00 L:13309
UPID
US76-0295987
Jurisdiction
MIDDLETOWN
Zoning & alternative use
LBA · Middletown, RIZoning LBA · permitted uses
LBA · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This purpose of this district is established to provide areas for day to day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including multi family residential, small scale retail, office and public uses, while preserving open space and to limit commercial sprawl
Zone name
Traffic Sensitive Limited Business
General category
MIXED_USE
Zone area
133.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
2
Current owner
From public records · entity-resolved
Fathom Resources LLC
Entity
Mailing address
855 AQUIDNECK AVE STE #9, MIDDLETOWN, RI 02842-5282
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2016
$182,500
Fathom Resources LLC
Ohlman,gerald G
Condominium Deed
$91,250 · Banknewport
—
—
Fathom Rsrcs LLC
—
Deed Of Trust
related
$135,000 · Banknewport
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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