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Property profile & analytics
OFF-MARKET
Estimated value
$375,000
Investment properties
1030 Main St West Warwick, RI 02893-3609
Individually Owned
20-yr Hold
Property ID
US76-0277878
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
3,642 SF
Lot
0.61 ac (26,480 SF)
Zoning code
R-6
APN
WWAR 017-0093-0-000
UPID
US76-0277878
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
-
fur and feather wildlife removal Construction Company
-
Eastern Home Improvements Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$375k
Owner & transaction history
Stephen D Andrea · 20 yrs held
Stephen D Andrea
since 2006
1 recorded transaction
Zoning & alternative use
R-6 · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
sory uses cannot exist without nor precede any principal use on a vacant lot. Accessory uses are subject to all the requirements of this appendix except as otherwise provided herein. RESIDENTIAL DISTRICTS R-10 R-8 R-7.5 R-6 A. Residential uses 1. Dwelling, single-family Y Y Y Y 2. Dwelling, two-family Y Y Y Y 3. Dwelling, multiple-family S S S S 4. Dwelling…
Zone name
Residential Minimum 6000 Sq Ft
General category
RESIDENTIAL
Zone area
246.89 ac
Source
code of ordinances
Top alternative use upside
Office building
$820,000
+50.0%
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 West Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Warwick 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$545,000
Current use
OFFICE BUILDING
$820,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$375k
Range $338k – $413k · ±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
$103 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$297,000
Assessed 2023
Previous assessed
$297,000
+0.0% YoY
Assessed land
$93,800
Assessed improvement
$203,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Rooms
9
Bathrooms
4
Total area
3,642 SF
Lot
0.61 ac (26,480 SF)
Zoning code
R-6
APN
WWAR 017-0093-0-000
UPID
US76-0277878
Jurisdiction
WEST WARWICK
Zoning & alternative use
R-6 · West Warwick, RIZoning R-6 · permitted uses
R-6 · West Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
sory uses cannot exist without nor precede any principal use on a vacant lot. Accessory uses are subject to all the requirements of this appendix except as otherwise provided herein. RESIDENTIAL DISTRICTS R-10 R-8 R-7.5 R-6 A. Residential uses 1. Dwelling, single-family Y Y Y Y 2. Dwelling, two-family Y Y Y Y 3. Dwelling, multiple-family S S S S 4. Dwelling lawfully existing prior to adoption of this ordinance Y Y Y Y 5. Mobile homes X X X
Zone name
Residential Minimum 6000 Sq Ft
General category
RESIDENTIAL
Zone area
246.89 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$820,000
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
1890
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Rooms
9
Bathrooms
4
Lot
0.61 ac
Current owner
From public records · entity-resolved
Stephen D Andrea
Individual
Mailing address
4 SPG VLY LN, COVENTRY, RI 02816-8038
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2006
$250,000
Stephen D Andrea
Racicot Louise T Est
Deed
$165,000 · Citimortgage INC
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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