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Property profile & analytics
OFF-MARKET
Estimated value
$10,670,000
Showrooms
116 Eddie Dowling Hwy North Smithfield, RI 02896-7327
Entity Owned
11-yr Hold
Free & Clear
Property ID
US76-0074183
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
STEEL FRAME
Total area
72,880 SF
Lot
4.3 ac (187,308 SF)
Zoning code
BH
APN
NSMI M:0021 L:0058
UPID
US76-0074183
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
-
Peter Covino Physician
-
Healing Choices Pc Medical Clinic Alternative Medicine Practice
-
Rehabilitation Hospital of Rhode Island Rehabilitation Center Occupational Therapist
-
Khin Yin Physician
-
Walid Sherif Mohamed Saber Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.25M
Comparable Approach
Comparable
$10.55M
Blend (final)
Blend
$10.67M
Owner & transaction history
116 Eddie Dowling Hwy LLC · 11 yrs held
116 Eddie Dowling Hwy LLC
since 2014
1 recorded transaction
Zoning & alternative use
BH · North Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.0M
+30.7%
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 North Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Smithfield 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%
$14,350,000
6.5%
$13,245,000
7%
$12,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,675,000
Current use
OFFICE BUILDING
$13,950,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$10.67M
Range $9.60M – $11.74M · ±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
$146 / 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
$229,025
Tax year 2023
Assessed value
$11,805,400
Assessed 2023
Previous assessed
$11,805,400
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$625,500
Assessed improvement
$11,179,900
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
72,880 SF
Lot
4.3 ac (187,308 SF)
Zoning code
BH
APN
NSMI M:0021 L:0058
UPID
US76-0074183
Jurisdiction
NORTH SMITHFIELD
Zoning & alternative use
BH · North Smithfield, RI
Zoning BH · permitted uses
BH · North Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Smithfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.7M
OFFICE BUILDING
Est. value
$14.0M
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
4.3 ac
Current owner
From public records · entity-resolved
116 Eddie Dowling Hwy LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4890 W KENNEDY BLVD STE #650, TAMPA, FL 33609-1840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Aug 29, 2014
$10,056,000
116 Eddie Dowling Hwy LLC
Medistar Rhode Island LLC
Quit Claim Deed
related
—
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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