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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Showrooms
1340 Tower Hl Rd North Kingstown, RI 02852-6632
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0022609
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1890
Construction
FRAME
Total area
5,542 SF
Lot
3.1 ac (135,036 SF)
Zoning code
RR
APN
NKIN M:007 B:023
UPID
US76-0022609
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
$1.27M
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Mighty Geese LLC · 2 yrs held
Mighty Geese LLC
since 2023
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
RR · North Kingstown, 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 North Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Kingstown 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
$1,220,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,055,000
Current use
OFFICE BUILDING
$970,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$885,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.30M (Aug 17 2023)
Last sale anchor
$1.30M
Aug 17 2023
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
$229 / 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
$7,831
Tax year 2024
Assessed value
$481,000
Assessed 2024
Previous assessed
$472,800
+1.7% YoY
Effective rate
1.63%
On assessed value
Assessed land
$275,200
Assessed improvement
$205,800
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
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
5,542 SF
Lot
3.1 ac (135,036 SF)
Zoning code
RR
APN
NKIN M:007 B:023
UPID
US76-0022609
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
RR · North Kingstown, RI
Zoning RR · permitted uses
RR · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Kingstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Mighty Geese LLC
Entity
Mailing address
1340 TOWER HL RD, NORTH KINGSTOWN, RI 02852-6632
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
—
Mighty Geese LLC
—
Deed
related
$686,000 · New England Certified Development Corp
Mar 4, 2024
—
Mighty Geese LLC
—
Deed
related
$667,966 · Harborone Bank
Aug 17, 2023
$1,300,000
Mighty Geese LLC
Torre Collian LLC
Warranty Deed
$870,000 · Harborone Bank
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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