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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Commercial land
Prospect Ave Middletown, RI 02842-5604
Entity Owned
10-yr Hold
Free & Clear
Property ID
US76-0262703
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.1 ac (4,339 SF)
Zoning code
GB
APN
NEWP M:028 B:0029
UPID
US76-0262703
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
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$310k
Owner & transaction history
Stonehenge Partners LLC · 10 yrs held
Stonehenge Partners LLC
since 2016
3 recorded transactions
Zoning & alternative use
GB · Middletown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Business (GB). 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-scal…
Zone name
General Business
General category
MIXED_USE
Zone area
34.44 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
Method
Estimation
Statistic approach
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
—
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
$2,824
Tax year 2023
Assessed value
$189,800
Assessed 2023
Previous assessed
$189,800
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$183,600
Assessed improvement
$6,200
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
0.1 ac (4,339 SF)
Zoning code
GB
APN
NEWP M:028 B:0029
UPID
US76-0262703
Jurisdiction
NEWPORT
Zoning & alternative use
GB · Middletown, RIZoning GB · permitted uses
GB · Middletown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Business (GB). 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. (I)
Zone name
General Business
General category
MIXED_USE
Zone area
34.44 ac
Source
§ 502 OFFICIAL ZONING MAP.
Building & site characteristics
From public records
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Stonehenge Partners LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 2332, PROVIDENCE, RI 02906-0332
Ownership since
2016
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
Feb 10, 2016
$200,000
Stonehenge Partners LLC
Tellefsen,christine
Warranty Deed
—
Apr 15, 2013
$1
Christine Tellefsen
Frederick Carrozza JR T
Grant Deed
—
Mar 16, 2012
$1
Frederick Carrozza JR.
Carrozza Fredeick JR Est
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.
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