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Property profile & analytics
FOR LEASE
Showrooms
1031 Plainfield St, Johnston, RI 02919
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0313492
For Lease
1 / 2
$1,500/Mo
1031 Plainfield St, Johnston, RI 02919
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,706 SF
Lot
0.99 ac (43,114 SF)
Zoning code
B2
APN
JOHN M:0001 L:095
UPID
US76-0313492
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$800k
Owner & transaction history
One Main Investments LLC · 2 yrs held
One Main Investments LLC
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
B2 · Johnston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jan 5 2024)
Last sale anchor
$800k
Jan 5 2024
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
$58 / 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
$15,986
Tax year 2024
Assessed value
$582,800
Assessed 2024
Previous assessed
$582,800
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$104,500
Assessed improvement
$478,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
20
Total area
13,706 SF
Lot
0.99 ac (43,114 SF)
Zoning code
B2
APN
JOHN M:0001 L:095
UPID
US76-0313492
Jurisdiction
JOHNSTON
Zoning & alternative use
B2 · Johnston, RI
Zoning B2 · permitted uses
B2 · Johnston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
20
Lot
0.99 ac
Current owner
From public records · entity-resolved
One Main Investments LLC
Entity
Mailing address
54 S EASES NEST DR, LANDOS, RI
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
One Main Investments LLC
—
Deed
related
$200,000 · Esposito Capital LLC
Dec 23, 2025
—
Mandy B Shurgot
—
Deed
related
$15,000 · Rhode Island Housing & Mtg Fin Corp
Jun 25, 2025
—
One Main Investments LLC
—
Deed
related
$1,017,250 · Salem Five Cents Savings Bank
Jan 16, 2025
—
One Main Investments LLC
—
Deed
related
$800,000 · North East Reality In
Jan 5, 2024
$800,000
One Main Investments LLC
1025 Realty II LLC
Warranty Deed
$800,000 · North East Rlty Invs
Sep 7, 2017
—
1025 Realty 2 LLC
—
Deed
related
$240,000 · Rudolph R Lombardi
Jan 24, 2014
—
Realty 2 1025
—
Deed Of Trust
related
$359,916 · Bank Of Newport
May 21, 2009
$600,000
Pentecostal Chrch
1025 Rlty 1 LLC
Warranty Deed
$405,000 · Zenon Grzybowski
Mar 30, 2007
—
1025 Realty 2 LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Newport
Feb 13, 2004
—
1025 Realty 2 LLC
—
Deed Of Trust
related
$1,400,000 · Bank Of Newport
Dec 20, 2002
$360,000
1025 Rlty 2 LLC
Mhm Properties Ltd
Grant Deed
$210,000 · Zenon Grzybowski
—
—
1025 Realty 2 LLC
—
Deed Of Trust
related
$240,000 · Rudolph R Lombardi
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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