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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Industrial properties
11 Comstock Pkwy, Cranston, RI 02921-2003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0195386
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,720 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C4
APN
CRAN M:36-1 L:66 U:
UPID
US76-0195386
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
-
Mastery Martial Arts Cranston Training Center Sports School
-
Latte Love Coffee House Cafe & Coffee Shop
-
Iglesia de Cristo Ministerios Ebenezer, Cranston RI Church
-
Kärcher Store Landa Pressure Washers of RI Landscaping General Contractor
-
K-9 Connection Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.01M
Owner & transaction history
D&k Rlty LLC · 1 yrs held
D&k Rlty LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C4 · Cranston, 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 Cranston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cranston 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%
$2,325,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,300,000
Current use
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $2.00M (Feb 6 2025)
Last sale anchor
$2.00M
Feb 6 2025
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
$75 / 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
$35,999
Tax year 2023
Assessed value
$1,269,800
Assessed 2023
Previous assessed
$1,269,800
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$374,500
Assessed improvement
$895,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Total area
26,720 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C4
APN
CRAN M:36-1 L:66 U:
UPID
US76-0195386
Jurisdiction
CRANSTON
Zoning & alternative use
C4 · Cranston, RI
Zoning C4 · permitted uses
C4 · Cranston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cranston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Lot
1.78 ac
Current owner
From public records · entity-resolved
D&k Rlty LLC
Entity
Mailing address
47 HOMELAND ST, JOHNSTON, RI 02919-5170
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$2,000,000
D&k Rlty LLC
T&l Rlty INC
Warranty Deed
$1,000,000 · Navigant Credit Union
May 6, 2025
—
D&k Rlty LLC
—
Deed
related
$821,000 · Ocean State Business Development Auth
Jan 28, 2021
—
T&l Realty INC
Thomas A Pellegrino
Warranty Deed
—
Nov 24, 2020
—
T&l Realty INC
Thomas Pellegrino
Quit Claim Deed
related
$1,025,000 · Peoples Cu
May 8, 2018
—
Thomas A Pellegrino
—
Deed
related
$1,050,000 · Peoples Cu
Nov 22, 2013
—
Thomas A Pellegrino
—
Deed Of Trust
related
$640,000 · Peoples Cu
Dec 26, 2000
—
Thomas Pelegrino
—
Deed Of Trust
related
$100,000 · Bank Of Rhode Island
—
—
Thomas A Pellegrino
—
Deed Of Trust
related
$175,000 · Peoples Cu
—
—
Thomas A Pellegrino
—
Deed Of Trust
related
$1,050,000 · Peoples Cu
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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