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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Showrooms
904 Boston Nck Rd, Narragansett, RI 02882-1767
Entity Owned
11-yr Hold
Free & Clear
Property ID
US76-0009572
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
FRAME
Total area
7,482 SF
Lot
1.46 ac (63,598 SF)
Zoning code
B-A
APN
NARR M:N-H B:133 L:1
UPID
US76-0009572
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
$1.17M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.50M
Owner & transaction history
Salvatore & Sons LLC · 11 yrs held
Salvatore & Sons LLC
since 2015
5 recorded transactions
Zoning & alternative use
B-A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,080,000
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$200 / 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
$14,522
Tax year 2023
Assessed value
$1,155,300
Assessed 2023
Previous assessed
$1,155,300
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$694,100
Assessed improvement
$461,200
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
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
5
Bathrooms
5
Total area
7,482 SF
Lot
1.46 ac (63,598 SF)
Zoning code
B-A
APN
NARR M:N-H B:133 L:1
UPID
US76-0009572
Jurisdiction
NARRAGANSETT
Zoning & alternative use
B-A · Narragansett, RI
Zoning B-A · permitted uses
B-A · 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
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5
Bathrooms
5
Lot
1.46 ac
Current owner
From public records · entity-resolved
Salvatore & Sons LLC
Entity
Free & Clear · 11 yrs held
Mailing address
122 N RIV DR, NARRAGANSETT, RI 02882-2405
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Salvatore&sons LLC
—
Deed
related
$300,000 · The Washington Trust Co Of Westerly
Feb 2, 2022
—
Salvatore&sons LLC
—
Deed
related
$300,000 · The Washington Trust Co Of Westerly
Jan 13, 2015
—
Salvatore & Sons LLC
Salvatore,antonio
Quit Claim Deed
related
—
Apr 30, 1990
$61,000
Susan C Trinchini
Debear,david
Grant Deed
$44,000 · Baybank Middlesex
Mar 10, 1989
—
David Debear
—
Deed Of Trust
related
$45,000 · Northeastern Mortgage Co
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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