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1068 Putnam Pike, Glocester, RI 02814
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
FRAME
Total area
16,711 SF
Lot
2.06 ac (89,777 SF)
Zoning code
40
APN
GLOC M:10C B:023
UPID
US76-0355755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
-
Pharmacy
-
(Bike/Boat/Book/etc) Store Printing Service
-
Pharmacy
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.57M
Owner & transaction history
since 2010
2 recorded transactions
Zoning & alternative use
40 · Chepachet, RI
Top alternative use upside
Office building
$3.2M
+116.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.57M
Value range
$2.31M – $2.82M
±10% around blend
Estimated value / SF
$153 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$2.31M
blend $2.57M
$2.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,711 SF
Lot area
2.06 ac
Year built
2007
Stories
1
APN
GLOC M:10C B:023
Zoning
40
Assessed value
$3,791,900
Annual tax
$63,059
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.29M
@ 6.5% CAP return
$3.04M
@ 7% CAP return
$2.82M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$63,059
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.01M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.4 mi away · 20,918 SF
14.6 mi away · 12,780 SF
17.2 mi away · 20,532 SF
17.9 mi away · 11,843 SF
22.6 mi away · 19,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$88
+74%
Submarket 26 sales
$105
+47%
County 1487 sales
$146
+5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $153/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+116%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.58%
Selected cap rate for this showrooms
Derived from the Glocester market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.58%
9.0%
NOI (est.)
$158k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.40M
Move the market yield to see immediate price impact.
Value / SF
$263
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.08%3.58%4.08%
$142k
$4.61M
$3.96M
$3.48M
$158k
$5.12M
$4.40M
$3.86M
$173k
$5.63M
$4.84M
$4.25M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.50M
12.7 mi · Feb 2026 · $111/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$63,059
Tax year 2024
Assessed value
$3,791,900
Assessed 2024
Previous assessed
$3,791,900
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$633,900
Assessed improvement
$3,158,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
100
Total area
16,711 SF
Lot
2.06 ac (89,777 SF)
Zoning code
40
APN
GLOC M:10C B:023
UPID
US76-0355755
Jurisdiction
GLOCESTER
Zoning & alternative use
40 · Chepachet, RIZoning 40 · permitted uses
40 · Chepachet, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
100
Lot
2.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
40
Jurisdiction
Chepachet, RI
Recorded code
40
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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