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Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Showrooms
1 Commerce St Lincoln, RI 02865-1186
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0349796
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
STEEL FRAME
Total area
27,014 SF
Lot
4.9 ac (213,444 SF)
Zoning code
ML05
APN
LINC M:30 L:064.0 U:
UPID
US76-0349796
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
Current use
Occupant on record · Public records
-
Audette Gail Registered General Nurse
-
Lifespan Outpatient Rehabilitation Services, Adult and Pediatric – Lincoln Medical Clinic
-
Jennifer J. Raney Pediatrician Physician
-
Kathleen Henderson, MD Physician
-
Rex Appenfeller, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$4.87M
Owner & transaction history
Egmp 1 Blackstone LLC · 4 yrs held
Egmp 1 Blackstone LLC
since 2021
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
ML05 · Lincoln, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+43.7%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$5,680,000
ML approach
$6,385,000
CAP Approach
CAP Return
Estimation
6%
$5,320,000
6.5%
$4,910,000
7%
$4,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,600,000
Current use
OFFICE BUILDING
$5,170,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±10% · vs last sale $4.85M (Oct 28 2021)
Last sale anchor
$4.85M
Oct 28 2021
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
$180 / SF
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
$125,038
Tax year 2024
Assessed value
$4,803,600
Assessed 2024
Previous assessed
$4,803,600
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$320,000
Assessed improvement
$4,483,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
27,014 SF
Lot
4.9 ac (213,444 SF)
Zoning code
ML05
APN
LINC M:30 L:064.0 U:
UPID
US76-0349796
Jurisdiction
LINCOLN
Zoning & alternative use
ML05 · Lincoln, RI
Zoning ML05 · permitted uses
ML05 · Lincoln, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Egmp 1 Blackstone LLC
Entity
Mailing address
148 W RIV ST STE #5, PROVIDENCE, RI 02904-2615
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$4,850,000
Egmp 1 Blackstone LLC
Albany Rd 6 Blackstone Vl
Quit Claim Arm's Length For Ne States
$125,000,000 · Capital One Bank NA
Apr 21, 2017
—
Blackstone Centre 2 LLC
Blackstone Centre LLC
Quit Claim Deed
related
—
Mar 30, 2010
—
Blackstone Center LP
—
Deed Of Trust
related
$1,400,000 · Washington Trust Co
Mar 31, 2000
—
Centre LP Blackstone
—
Deed Of Trust
related
$1,870,000 · Bank Of Rhode Island
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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