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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Showrooms
9 Walts Way, Narragansett, RI 02882-3438
Entity Owned
3-yr Hold
Free & Clear
Property ID
US76-0063306
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.37 ac (16,061 SF)
Zoning code
I-B
APN
NARR M:P B:284 L:5
UPID
US76-0063306
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
$540k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$535k
Owner & transaction history
Justice LLC · 3 yrs held
Justice LLC
since 2022
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
I-B · Narragansett, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Narragansett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narragansett 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
$585,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $525k (Nov 15 2022)
Last sale anchor
$525k
Nov 15 2022
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
$223 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,547
Tax year 2023
Assessed value
$361,700
Assessed 2023
Previous assessed
$361,700
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$113,800
Assessed improvement
$247,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
2,400 SF
Lot
0.37 ac (16,061 SF)
Zoning code
I-B
APN
NARR M:P B:284 L:5
UPID
US76-0063306
Jurisdiction
NARRAGANSETT
Zoning & alternative use
I-B · Narragansett, RI
Zoning I-B · permitted uses
I-B · Narragansett, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Narragansett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Justice LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9 WALTS WAY, NARRAGANSETT, RI 02882-3438
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$525,000
Justice LLC
Angle Properties LLC
Warranty Deed
—
Apr 7, 2017
$475,000
Angle Properties LLC
Walts Way Holdings LLC
Warranty Deed
$300,000
Jun 10, 2016
$362,500
Walts Way Holdings LLC
W & G Realty LLC
Warranty Deed
$250,000 · Emeral Capital LLC
Apr 28, 2014
—
W&g Realty LLC
—
Deed Of Trust
related
$35,000 · Russell A Data
Jul 2, 2007
$1
W&g Realty LLC
Giacobbi,gerald J
Grant Deed
related
—
Jun 11, 2007
$375,000
Gerald J Giacobbi
Kopf,bruce E
Grant Deed
—
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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