Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Showrooms
91 Old Tower Hl Rd South Kingstown, RI 02879-3726
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0119390
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,235 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CH
APN
SKIN P:057-2 L:000021
UPID
US76-0119390
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
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$1.12M
Owner & transaction history
L Z Realty Corp · 2 yrs held
L Z Realty Corp
since 2023
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
CH · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed-Use Detached Structure (elderly residential occupancy only) 5,000 for first 2 D.U.s + 1200 per each add'l. D.U. plus a minimum of 5,000 sq. ft. for any commercial use 100 50% 40 15 0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25%…
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
121.55 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
Method
Estimation
Statistic approach
$1,130,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$795,000
Current use
OFFICE BUILDING
$740,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.20M (Sep 29 2023)
Last sale anchor
$1.20M
Sep 29 2023
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
$263 / 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
$9,584
Tax year 2024
Assessed value
$867,300
Assessed 2024
Previous assessed
$867,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$479,500
Assessed improvement
$387,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
4,235 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CH
APN
SKIN P:057-2 L:000021
UPID
US76-0119390
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CH · South Kingstown, RIZoning CH · permitted uses
CH · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed-Use Detached Structure (elderly residential occupancy only) 5,000 for first 2 D.U.s + 1200 per each add'l. D.U. plus a minimum of 5,000 sq. ft. for any commercial use 100 50% 40 15 0 0 0 0 0 0 4, 6, 8 ZONING DISTRICT CH All Other Permitted Principal Uses 20,000 100 30% 35 15 40 40 30 40 15 15 8 Gasoline Service Station, (minor repairs only) 20,000 150 25% 35 15 60 60 30 40 15 15 8 ZONING DISTRICT CW Marine Services, Repairs and Sales,
Zone name
Commercial Highway
General category
COMMERCIAL
Zone area
121.55 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$740,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
L Z Realty Corp
Entity
Mailing address
91 OLD TOWER HL RD, SOUTH KINGSTOWN, RI 02879-3726
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Sep 29, 2023
$1,200,000
L Z Realty Corp
Chau LLC
Warranty Deed
$900,000 · Chau LLC
Sep 16, 2008
$1
Chau LLC
Chinese Realty INC
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 91 Old Tower Hl Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
