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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Industrial properties
10 High St South Kingstown, RI 02879-3176
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US76-0081864
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,021 SF
Lot
2.72 ac (118,483 SF)
Zoning code
IND1
APN
SKIN P:056-3 L:000101
UPID
US76-0081864
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
-
Michael J. Roncarati, PT Physician
-
NARRAGANSETT PULMOANRY MEDICINE Medical Clinic
-
Hera Gallery and Educational Foundation Art Gallery Arts Organization
-
The Wakefield Mill Business Service Center Corporate Office
-
Weber Cynthia E Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.79M
Owner & transaction history
Wilfred H Nelson · 11 yrs held
Wilfred H Nelson
since 2015
5 recorded transactions
Zoning & alternative use
IND1 · South Kingstown, RI
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,980,000
6.5%
$3,675,000
7%
$3,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,035,000
Current use
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±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
$94 / 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
$44,988
Tax year 2024
Assessed value
$4,071,300
Assessed 2024
Previous assessed
$4,071,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$844,900
Assessed improvement
$3,226,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
11
Total area
51,021 SF
Lot
2.72 ac (118,483 SF)
Zoning code
IND1
APN
SKIN P:056-3 L:000101
UPID
US76-0081864
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
IND1 · South Kingstown, RIZoning IND1 · permitted uses
IND1 · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
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
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
11
Lot
2.72 ac
Current owner
From public records · entity-resolved
Wilfred H Nelson
Individual
Mailing address
10 HIGH ST, WAKEFIELD, RI 02879-3176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2015
—
Wilfred H Nelson
Nelson Wilfred H & Alinda A
Quit Claim Deed
related
—
Dec 24, 2008
$3,575,000
Sawtooth Associates LLC
Habell Enterprizes LLC
Warranty Deed
—
May 31, 2007
—
Habell Enterprizes LLC
—
Deed Of Trust
related
$3,600,000 · First Unum LLC
Dec 5, 2005
—
Habell Enterprises LLC
—
Deed Of Trust
related
$1,200,000 · Washington Trust Co
Jan 7, 2005
$2,250,000
Habell Enterprizes LLC
Old Mill Properties LLC
Grant Deed
$2,250,000 · Washington Trust Co
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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