Entity Owned 
For Lease
1 / 12
$1,850/Mo
51 Cole St,Unit 1R, Warren, RI 02885
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Property summary
AI-generated overview
The property consists of office space configured with access to an outdoor, gated, secure storage area. The space includes utilities that support occupancy, and the outdoor storage area includes an electrical outlet and is prepared for seasonal use by diesel vehicles. Tenancy is subject to screening requirements, and the unit is intended for office or work use only, with restrictions prohibiting residential occupancy.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Construction
FRAME
Total area
7,260 SF
Lot
0.43 ac (18,613 SF)
Zoning code
MF
APN
WARR M:5 L:130
UPID
US76-0142830
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Auto Repair Shop
-
(Bike/Boat/Book/etc) Store
-
Car Wash
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$740k
Owner & transaction history
since 2022
Last sale
$710,000
3 recorded transactions
Zoning & alternative use
MF · Warren, RI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 19 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$740k
Value range
$666k – $814k
±10% around blend
Estimated value / SF
$102 / SF
Confidence
High
19 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$666k
blend $740k
$814k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,260 SF
Lot area
0.43 ac
Year built
1950
Stories
2
APN
WARR M:5 L:130
Zoning
MF
Assessed value
$680,000
Annual tax
$9,289
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$798k
Weighted, 19 comps · high confidence
Evidence
19 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 9,200 SF
7.4 mi away · 9,240 SF
7.5 mi away · 6,210 SF
7.5 mi away · 6,210 SF
7.7 mi away · 6,349 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$740k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$118
-14%
Submarket 26 sales
$118
-14%
County 92 sales
$183
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $102/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 19 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$710k
Move the market yield to see immediate price impact.
Value / SF
$98
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$45k
$895k
$639k
$497k
$50k
$994k
$710k
$552k
$55k
$1.09M
$781k
$607k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
19 found
High confidence · county-verified
Closest comparable
$323k
1.7 mi · Sep 2025 · $45/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,289
Tax year 2023
Assessed value
$680,000
Assessed 2023
Previous assessed
$680,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$149,000
Assessed improvement
$531,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1950
Construction
FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
5
Total area
7,260 SF
Lot
0.43 ac (18,613 SF)
Zoning code
MF
APN
WARR M:5 L:130
UPID
US76-0142830
Jurisdiction
WARREN
Zoning & alternative use
MF · Warren, RIZoning MF · permitted uses
MF · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
5
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MF
Jurisdiction
Warren, RI
Recorded code
MF
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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