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Property profile & analytics
OFF-MARKET
Specialty properties
87 Spencer Ct South Kingstown, RI 02879-2820
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US76-0065296
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1989
Total area
1,181 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R10
APN
SKIN P:056-4 L:000099
UPID
US76-0065296
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerek N Wetherell · 13 yrs held
Gerek N Wetherell
since 2013
7 recorded transactions
Zoning & alternative use
R10 · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ewer) 30,000 100 25% 35 15 35 25 15 35 10 10 Two-Household Detached Structure or Single-Household Detached Structure with Accessory Apartment (without public sewer) 40,000 100 25% 35 15 35 25 15 35 10 10 ZONING DISTRICT R10 Single-Household Detached Structure 10,000 80 25% 35 15 25 20 10 30 6 6 1 Two-Household Detached Structure or Single-Household Detached…
Zone name
Medium High Density Residential District
General category
RESIDENTIAL
Zone area
977.44 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$384,800
Assessed 2024
Previous assessed
$384,800
+0.0% YoY
Assessed land
$161,700
Assessed improvement
$223,100
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1989
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
1,181 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R10
APN
SKIN P:056-4 L:000099
UPID
US76-0065296
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
R10 · South Kingstown, RIZoning R10 · permitted uses
R10 · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ewer) 30,000 100 25% 35 15 35 25 15 35 10 10 Two-Household Detached Structure or Single-Household Detached Structure with Accessory Apartment (without public sewer) 40,000 100 25% 35 15 35 25 15 35 10 10 ZONING DISTRICT R10 Single-Household Detached Structure 10,000 80 25% 35 15 25 20 10 30 6 6 1 Two-Household Detached Structure or Single-Household Detached Structure with Accessory Apartment (with public sewer) 15,000 80 25% 35 15 25 20 10
Zone name
Medium High Density Residential District
General category
RESIDENTIAL
Zone area
977.44 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1989
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
7
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Gerek N Wetherell
Individual
Mailing address
87 SPENCER CT, WAKEFIELD, RI 02879-2820
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2020
—
Gerek N Wetherell
—
Deed
related
$172,458 · Freedom Mortgage Corp
Feb 11, 2013
$205,000
Gerek N Wetherell
Light House For Yourth
Warranty Deed
$198,158 · Shamrock Financial Corp
Nov 19, 2004
—
Light House For Youth
—
Deed Of Trust
related
$100,000 · Citizens Bank Of Ri
Dec 31, 2001
$150,000
Lighthouse For Youth
Deconti,william G
Grant Deed
$130,000 · Citizens Mortgage INC
Dec 31, 2001
—
Lighthouse For Youth
—
Deed Of Trust
related
$20,000 · Ri Housing & Mortgage Finance
Apr 3, 2001
—
William G Deconti
—
Deed Of Trust
related
$30,897 · Prov Postal Employees Cu
Dec 1, 1993
—
William G Deconti
—
Deed Of Trust
related
$104,000 · Commonwealth United Mtg Co
Mar 29, 1990
—
William G Deconti
—
Deed Of Trust
related
$115,200 · Norwest Mortgage INC
Apr 12, 1989
$68,000
Robert A Anderson
Caniglia,ronald J
Grant Deed
$120,000 · Pettaquamscutt Cu
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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