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Property profile & analytics
OFF-MARKET
Estimated value
$7,035,000
Showrooms
1080 Main St Pawtucket, RI 02860-4847
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0170033
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,955 SF
Lot
0.84 ac (36,566 SF)
Zoning code
MO
APN
PAWT M:63 L:0305
UPID
US76-0170033
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
-
Shechtman Halperin Savage, LLP Law Firm
-
560 Mineral Spring Ave. Associates, LLC Consultant
-
FedEx Drop Box Postal Service Courier Service
-
Forensics Accounting Corporation Accounting Firm Tax Preparation
-
Shechtman Halperin Savage: Giron Douglas A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.08M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$7.04M
Owner & transaction history
Damico Nt · 5 yrs held
Damico Nt
since 2021
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
MO · Pawtucket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.6M
+52.5%
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 Pawtucket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pawtucket 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%
$9,835,000
6.5%
$9,080,000
7%
$8,430,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,270,000
Current use
OFFICE BUILDING
$9,565,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$7.04M
Range $6.33M – $7.74M · ±10% · vs last sale $8.20M (Sep 5 2024)
Last sale anchor
$8.20M
Sep 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
$141 / 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
Tax billed
$92,114
Tax year 2023
Assessed value
$3,106,700
Assessed 2023
Previous assessed
$3,106,700
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$214,000
Assessed improvement
$2,892,700
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
Off-Market
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
2
Total area
49,955 SF
Lot
0.84 ac (36,566 SF)
Zoning code
MO
APN
PAWT M:63 L:0305
UPID
US76-0170033
Jurisdiction
PAWTUCKET
Zoning & alternative use
MO · Pawtucket, RI
Zoning MO · permitted uses
MO · Pawtucket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pawtucket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.3M
OFFICE BUILDING
Est. value
$9.6M
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Damico Nt
Individual
Mailing address
5 MILANO DR, SAUGUS, MA 01906-3227
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
—
Damico Nt
Alphonse Damico
Warranty Deed
—
Oct 28, 2020
$6,250,000
Alphonse Damico
Evp 1080 LLC
Warranty Deed
—
Apr 26, 2017
$7,650,000
Evp 1080 LLC
1080 Main Street LLC
Warranty Deed
$5,737,500 · Martha Vineyard Sb
Dec 13, 2013
—
Merrick Realty Assoc LLC
—
Deed Of Trust
related
$500,000 · Rockland Trust Co
Jan 29, 2013
$170,000
Merrick Realty Asso LLC
Barros,jean P
Grant Deed
—
Sep 30, 2011
$121,000
Bank Of America NA
Ellis,sharon
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 20, 2010
—
1080 Main St LLC
—
Deed Of Trust
related
$150,000 · Rockland Trust Co
Apr 29, 2010
—
1080 Main Street LLC
—
Deed Of Trust
related
$300,000 · Rockland Trust Co
Mar 18, 2008
$1
1080 Main Street LLC
Savage,jonathan
Grant Deed
related
—
May 24, 2007
—
Jonathan N Savage
—
Deed Of Trust
related
$450,000 · Rockland Trust Co
May 28, 2004
—
1080 Main LLC
—
Deed Of Trust
related
$1,920,000 · Slades Ferry Trust Co
May 15, 1997
$410,000
Jonathan N Savage
Goldenberg,judith R
Grant Deed
$310,000 · 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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