Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$20,580,000
Industrial properties
15 Gray Ln Ashaway, RI 02804-1209
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US76-0165948
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
232,164 SF
Lot
41 ac (1,785,960 SF)
Zoning code
MFG
APN
HOPK M:004 B:000 L:00012
UPID
US76-0165948
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
-
Phoenix Optix Industrial Manufacturer Production Facility
-
HTP-MEDS Industrial Manufacturer Production Facility
-
Proterial Cable America, Inc. (HPMS) Production Facility
-
Reynolds-Johnson Lot Cemetery
-
Wood River Health Services Offices Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.72M
Comparable Approach
Comparable
$24.13M
Blend (final)
Blend
$20.58M
Owner & transaction history
Hopkinton Industrial LLC · 19 yrs held
Hopkinton Industrial LLC
since 2007
5 recorded transactions
Zoning & alternative use
MFG · Ashaway, 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 Ashaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashaway 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%
$18,105,000
6.5%
$16,715,000
7%
$15,520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$32,010,000
Current use
Blend value · Realmo final
$20.58M
Range $18.52M – $22.64M · ±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
$89 / 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
$237,150
Tax year 2023
Assessed value
$16,176,700
Assessed 2023
Previous assessed
$12,885,200
+25.5% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,319,000
Assessed improvement
$14,857,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Bathrooms
22
Total area
232,164 SF
Lot
41 ac (1,785,960 SF)
Zoning code
MFG
APN
HOPK M:004 B:000 L:00012
UPID
US76-0165948
Jurisdiction
HOPKINTON
Zoning & alternative use
MFG · Ashaway, RIZoning MFG · permitted uses
MFG · Ashaway, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$32.0M
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Bathrooms
22
Lot
41 ac
Current owner
From public records · entity-resolved
Hopkinton Industrial LLC
Entity
Mailing address
401 MAIN ST, ASHAWAY, RI 02804-1814
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2019
—
Hopkinton Industrial Park
—
Deed
related
$8,000,000 · Wells Fargo Bank NA
Dec 13, 2012
—
Hopkinton Industrial Park
—
Deed Of Trust
related
$140,000 · Gray Lane LP
Sep 9, 2009
—
Hopkinton Industrial LLC
—
Deed Of Trust
related
$3,295,000 · Washington Trust Co
Jul 27, 2007
—
Hopkinton Industrial LLC
—
Deed Of Trust
related
$6,000,000 · Washington Trust Co
Feb 21, 2007
$1,100,000
Hopkinton Industrial LLC
Gilman Family LP
Grant Deed
$1,700,000 · Washington Tr Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15 Gray Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
