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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Investment properties
941 Shr Rd, Warwick, RI 02889-2740
Entity Owned
8-yr Hold
Property ID
US76-0133225
Property summary
AI-generated overview
This exceptional mixed-use property at 941 West Shore Road, Warwick, Rhode Island, 02889, presents a lucrative investment opportunity. The 4,356 square foot lot houses a three-story, 1915-built building encompassing a fully operational and leased bar and two updated apartment units, currently rented month-to-month, generating strong rental income. The bar boasts a spacious layout and complete equipment. Each apartment unit has undergone recent renovations. This prime location in Warwick offers high visibility and accessibility, situated near various shopping, dining, and local amenities, ensuring a steady stream of customers for the bar and tenants for the apartments. The property's strong rental income potential, combined with the established bar business, makes this a compelling investment in a desirable Rhode Island location. The building consists of one structure with three stories. The asking price for this exceptional property is $850,000. This is a rare chance to acquire a thriving business and rental property in a high-traffic area.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Construction
FRAME
Total area
4,440 SF
Lot
0.1 ac (4,356 SF)
Zoning code
GB
APN
WARW M:332 B:0501 L:0000
UPID
US76-0133225
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
Current use
Occupant on record · Public records
-
Ollie's Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$570k
Owner & transaction history
Dempseys Realty LLC · 8 yrs held
Dempseys Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
GB · Warwick, 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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warwick 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$940,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$128 / 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
Assessed value
$358,500
Assessed 2023
Previous assessed
$286,600
+25.1% YoY
Assessed land
$73,900
Assessed improvement
$284,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
4
Bathrooms
4
Total area
4,440 SF
Lot
0.1 ac (4,356 SF)
Zoning code
GB
APN
WARW M:332 B:0501 L:0000
UPID
US76-0133225
Jurisdiction
WARWICK
Zoning & alternative use
GB · Warwick, RI
Zoning GB · permitted uses
GB · Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$940,000
COMMERCIAL (GENERAL) Current
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
1915
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
4
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Dempseys Realty LLC
Entity
Mailing address
941 W SHR RD, WARWICK, RI 02889-2740
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2018
$295,000
Dempseys Realty LLC
Mds Realty LLC
Warranty Deed
$221,250 · Coastway Commercial Bank
Mar 30, 2012
—
Mds Realty LLC
—
Grant Deed
related
$265,000 · Freedom Mortgage
Mar 30, 2012
$1
Mds Realty LLC
Sullivan,james
Grant Deed
related
—
Mar 27, 2007
—
James Sullivan
—
Deed Of Trust
related
$250,000 · Steven Dinerman
Mar 8, 2007
—
Mds Realty
—
Deed Of Trust
related
$80,000 · Whitehall Mgmt Inatl
Jan 19, 2007
—
Mds Rlty
—
Deed Of Trust
related
$50,000 · John Mongelli
Sep 12, 2005
$345,000
Mds Realty LLC
West Realty LLC
Grant Deed
$100,000 · Zenon Grzybowski
Oct 27, 1999
$179,500
William D Kenney
J Bonn Corp
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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