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Property profile & analytics
OFF-MARKET Estimated value $345,000
Showrooms

87 Narragansett Ave Narragansett, RI 02882-3480

5,488 SF 0.24 ac lot Built 1880
Entity Owned 10-yr Hold Free & Clear
Property ID
US76-0146850
Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1880
Construction FRAME
Total area 5,488 SF
Lot 0.24 ac (10,650 SF)
Zoning code R-10
APN NARR M:C B:345
UPID US76-0146850
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
by Request
CAP Approach CAP
$855k
Comparable Approach Comparable
$981k
Blend (final) Blend
$345k
Owner & transaction history
Summer House Inn LLC · 10 yrs held
Summer House Inn LLC
since 2016
2 recorded transactions
2016
Price N/A
2006
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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