Financial
Distress signals
Property profile

32 Cole St Warren, RI 02885

FOR LEASE
Other commercial real estate
Property ID
US76-0099645
10,384 SF 0.82 ac lot Built 1900
Last sale Sep 2018 · $690,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A roughly 1,000-square-foot space within The Mill at 32 Cole Street in Warren, Rhode Island, configured for retail, office, or creative workspace use. The suite includes direct access from a covered front porch, an en-suite private bathroom, a private office, and an open area adaptable to retail, office, or creative functions. The property is situated in downtown Warren and is positioned along the East Bay Bike Path near parks, with on-site and street parking available. The Mill features

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?
$14k
Tax billed · 2023
Assessed value$993k
Assessed land$167k
Assessed improvement$826k
Effective rate1.37%

Value estimate

· Sep 2026
$725k
$653k – $798k
Sales comparison$955k
NOI build-up
Gross scheduled income$231k
Vacancy & credit loss−$10k
Operating expenses−$66k
NOI · 15,459.00% cap applied$155k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$118/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$92 – $155
Qualifying comparables8

Cap rate analysis

How does the asset earn?
15,459.00%
$155k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MF
JurisdictionWARREN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.4
Law Firm13.1
Dental Office10.9

Location

32 Cole St Warren, RI 02885
County assessor Recorded deeds · 4 transfers 8 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
463 Main, Warren, RI 02885-4309 $938,000 Feb 2024 8,155 SF
6 Commercial, Warren, RI 02885-1637 $420,000 Jan 2024 7,200 SF
339 Market, Warren, RI 02885-2667 $1,700,000 Apr 2021 6,000 SF
615 Metacom, Warren, RI 02885-2813 $2,800,000 Dec 2020 11,400 SF
307 Market, Warren, RI 02885-2637 $375,000 May 2019 7,500 SF
28 Market, Warren, RI 02885-2516 $70,000 Dec 2018 9,132 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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