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Property profile & analytics
OFF-MARKET
Commercial land
Coddington Hwy Middletown, RI 02842
Entity Owned
Absentee Owner
Free & Clear
Property ID
US76-0321835
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.19 ac (8,276 SF)
Zoning code
LB
APN
MIDD M:0107 B:SW L:57
UPID
US76-0321835
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
10 CODDINGTON HWY LLC
10 CODDINGTON HWY LLC
Zoning & alternative use
LB · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Limited Business (LB). This district is established to provide areas for day-to-day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town. Within the LB District, mixed-use development projects are also allowed as an option to provide for village-style developm…
Zone name
Limited Business
General category
MIXED_USE
Zone area
30.79 ac
Source
§ 502 OFFICIAL ZONING MAP.
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,184
Tax year 2024
Assessed value
$91,200
Assessed 2024
Previous assessed
$60,000
+52.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$79,900
Assessed improvement
$11,300
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
Heating
NONE
Lot
0.19 ac (8,276 SF)
Zoning code
LB
APN
MIDD M:0107 B:SW L:57
UPID
US76-0321835
Jurisdiction
MIDDLETOWN
Zoning & alternative use
LB · Middletown, RIZoning LB · permitted uses
LB · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Limited Business (LB). This district is established to provide areas for day-to-day localized shopping needs, convenience shopping services to neighborhood areas, and to provide limited specialized business uses in certain parts of town. Within the LB 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. (J)
Zone name
Limited Business
General category
MIXED_USE
Zone area
30.79 ac
Source
§ 502 OFFICIAL ZONING MAP.
Building & site characteristics
From public records
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
10 CODDINGTON HWY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
50 UNDERWOOD LN, MIDDLETOWN, RI 02842-4850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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