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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Industrial properties
132 Shun Pike Johnston, RI 02919-4528
Entity Owned
5-yr Hold
Free & Clear
Property ID
US76-0307571
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2009
Construction
STEEL FRAME
Total area
6,000 SF
Lot
2.82 ac (122,839 SF)
Zoning code
I
APN
JOHN M:0032 L:047
UPID
US76-0307571
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$615k
Owner & transaction history
Urban Building Co LLC · 5 yrs held
Urban Building Co LLC
since 2021
2 recorded transactions
Zoning & alternative use
I · Johnston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial I District. This district is composed of certain land so situated as to be suitable for industrial development. The purpose of this district is to permit the normal operation of a large number of industries, subject only to those regulations needed to control congestion and to protect nearby residential and business districts. J. Industrial I-S Di…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,124.72 ac
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 Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$575,000
Current use
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$103 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,923
Tax year 2024
Assessed value
$398,200
Assessed 2024
Previous assessed
$398,200
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$167,500
Assessed improvement
$230,700
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
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
2009
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
6,000 SF
Lot
2.82 ac (122,839 SF)
Zoning code
I
APN
JOHN M:0032 L:047
UPID
US76-0307571
Jurisdiction
JOHNSTON
Zoning & alternative use
I · Johnston, RIZoning I · permitted uses
I · Johnston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial I District. This district is composed of certain land so situated as to be suitable for industrial development. The purpose of this district is to permit the normal operation of a large number of industries, subject only to those regulations needed to control congestion and to protect nearby residential and business districts. J. Industrial I-S District. This district is composed of certain land and uses which due to the peculiar nature of their activities require locations remote from classes of land use or require additional safeguards. K. Industrial I-L District. This district is composed of certain land so situated as to be suitable for light industrial development. The purpose of this district is to permit the operation of a limited number of industrial uses and heavy business uses that will be compatible with nearby residential and business districts. L.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,124.72 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$575,000
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
2009
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
2.82 ac
Current owner
From public records · entity-resolved
Urban Building Co LLC
Entity
Free & Clear · 5 yrs held
Mailing address
132 SHUN PIKE, JOHNSTON, RI 02919-4528
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
—
Urban Building Co LLC
Anthony A Difazio T
Deed
—
—
—
Urban Building Co LLC
—
Deed Of Trust
related
$50,000 · Maxie Realty Assoc LP
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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