Financial
Distress signals
Property profile

292 Waterman Ave Smithfield, RI 02917

OFF-MARKET
Showrooms
Property ID
US76-0208427
4,476 SF 0.7 ac lot Built 1930
Last sale Dec 2025 · $615,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This well-maintained single-tenant commercial office building at 292 Waterman Avenue in Smithfield, Rhode Island, offers 4,476 square feet of versatile space ideal for a variety of professional uses. The building features ten private offices, a conference room, a break room/kitchenette, two restrooms, and a utility room complete with a shower. Situated on a 0.47-acre lot (20,473.2 sq ft), the property provides ample parking for approximately 30 vehicles. Its convenient location just off

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$356k
Assessed land$118k
Assessed improvement$238k
Effective rate1.92%

Value estimate

· Sep 2026
$405k
$365k – $446k
Sales comparison$399k

Realmo valuation models over county records and 37 qualifying comparable sales.

Recently sold

What actually traded nearby?
$134/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$79 – $190
Qualifying comparables37

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R20
This district is established to provide areas for higher density residential use, with multiple family dwelling units to allow for a vari...
General categoryRESIDENTIAL
JurisdictionSMITHFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.5
Realty agency21.9
Parking Facility12.2

Location

292 Waterman Ave Smithfield, RI 02917-4128
County assessor Recorded deeds · 1 transfer 37 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Log, Smithfield, RI 02917-1511 $625,000 Feb 2026 5,740 SF
20 Business Park, Smithfield, RI 02917-1954 $3,400,000 Oct 2025 3,096 SF
266 Putnam, Smithfield, RI 02917-2704 $1,400,000 May 2025 5,628 SF
37 Cedar Swamp, Smithfield, RI 02917 $100,000 Mar 2025 2,679 SF
345 Waterman, Smithfield, RI 02917-2524 $600,000 Oct 2023 5,906 SF
265 Putnam, Smithfield, RI 02917-2729 $500,000 Aug 2023 2,567 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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