Entity Owned 
For Sale
Contact for pricing
129 Ballou St, Woonsocket, RI 02895
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Property summary
AI-generated overview
The property in Woonsocket, Rhode Island is a residential development site associated with a proposed conversion of an existing commercial building into 16 residential apartment units. The conceptual unit mix is 12 one-bedroom apartments and 4 two-bedroom apartments, including 2 ADA-compliant accessible apartments. The site covers approximately 0.78 acres and is situated near downtown Woonsocket, local shopping, restaurants, everyday amenities, and outdoor recreation opportunities associated with the Blackstone River and the Blackstone River Greenway. Interstate 146 is accessible, providing travel connections to Providence, Rhode Island, and Worcester, Massachusetts.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1910
Construction
FRAME
Total area
15,875 SF
Lot
0.78 ac (33,960 SF)
Zoning code
R3
APN
WOON M:5E L:3 U:13
UPID
US76-0113100
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
-
Mill Factory
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
since 2026
Last sale
$350,000
4 recorded transactions
Zoning & alternative use
R3 · Woonsocket, RI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$20 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,875 SF
Lot area
0.78 ac
Year built
1910
Stories
1
APN
WOON M:5E L:3 U:13
Zoning
R3
Assessed value
$295,200
Annual tax
$7,657
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.27M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.6 mi away · 12,148 SF
11.4 mi away · 17,241 SF
12.5 mi away · 18,216 SF
12.9 mi away · 17,012 SF
13.2 mi away · 12,585 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 277 sales
$83
-75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $20/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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 · 14 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$350k
Move the market yield to see immediate price impact.
Value / SF
$22
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
5.00%7.00%9.00%
$22k
$441k
$315k
$245k
$25k
$490k
$350k
$272k
$27k
$539k
$385k
$299k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$52k
0.8 mi · Nov 2025 · $3/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,657
Tax year 2023
Assessed value
$295,200
Assessed 2023
Previous assessed
$295,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$58,100
Assessed improvement
$237,100
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
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1910
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
15,875 SF
Lot
0.78 ac (33,960 SF)
Zoning code
R3
APN
WOON M:5E L:3 U:13
UPID
US76-0113100
Jurisdiction
WOONSOCKET
Zoning & alternative use
R3 · Woonsocket, RIZoning R3 · permitted uses
R3 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
STEAM
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3
Jurisdiction
Woonsocket, RI
Recorded code
R3
Ownership Intelligence
Find the owner behind the property.
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Ownership report
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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