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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Commercial land
991 Main Rd Middletown, RI 02842-6351
Entity Owned
4-yr Hold
Property ID
US76-0341975
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1946
Total area
1,184 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:116
UPID
US76-0341975
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
-
Washville Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Gr Middlrtown Land LLC · 4 yrs held
Gr Middlrtown Land LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
GBA · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including multi family residential, small scale retail…
Zone name
Traffic Sensitive General Business
General category
MIXED_USE
Zone area
311.11 ac
Source
Realmo
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,480,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.50M (Jul 1 2022)
Last sale anchor
$1.50M
Jul 1 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
$1,263 / 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
$6,659
Tax year 2024
Assessed value
$513,000
Assessed 2024
Previous assessed
$231,200
+121.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$513,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1946
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
1
Total area
1,184 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GBA
APN
MIDD M:0106 B:00 L:116
UPID
US76-0341975
Jurisdiction
MIDDLETOWN
Zoning & alternative use
GBA · Middletown, RIZoning GBA · permitted uses
GBA · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This purpose of this district is established to provide areas for most retail, wholesale, and service businesses, serving both local as well as regional markets, Within the GB District, mixed use development projects are also allowed as an option to provide for village style development of a mix of uses, including multi family residential, small scale retail, office and public uses, while preserving open space and to limit commercial sprawl
Zone name
Traffic Sensitive General Business
General category
MIXED_USE
Zone area
311.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1946
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Gr Middlrtown Land LLC
Entity
Mailing address
7 W BENEDICT PL, GREENWICH, CT 06830-5330
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Gr Middletown Land LLC
—
Deed
related
$50,000 · Balance Pt Cap Partne
Jul 1, 2022
$1,500,000
Gr Middlrtown Land LLC
Exit Strategy LLC
Warranty Deed
—
Mar 2, 2018
$660,000
Exit Strategy LLC
Ann E Paschoal
Warranty Deed
$396,000 · Randolph Savings Bank
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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