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Property profile & analytics
FOR SALE
Industrial properties
15 Wellington Rd Lincoln, RI 02865
Entity Owned
5-yr Hold
Free & Clear
Property ID
US76-0371514
For Sale
1 / 3
$5,565,000
15 Wellington Rd, Lincoln, RI 02865
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
STEEL FRAME
Total area
143,939 SF
Lot
13.58 ac (591,632 SF)
Zoning code
MG05
APN
LINC M:28 L:119.0 U:
UPID
US76-0371514
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
-
Wildtree Big Box & Wholesale Store Food Market
-
Plants to Food Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$5.57M
Owner & transaction history
Pg Wellington LLC · 5 yrs held
Pg Wellington LLC
since 2020
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
MG05 · Lincoln, 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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$6,930,000
ML approach
$6,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.57M
Range $5.01M – $6.12M · ±10% · vs last sale $5.20M (Dec 23 2020)
Last sale anchor
$5.20M
Dec 23 2020
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
$39 / 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
$137,886
Tax year 2024
Assessed value
$5,297,200
Assessed 2024
Previous assessed
$5,297,200
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$613,200
Assessed improvement
$4,684,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
143,939 SF
Lot
13.58 ac (591,632 SF)
Zoning code
MG05
APN
LINC M:28 L:119.0 U:
UPID
US76-0371514
Jurisdiction
LINCOLN
Zoning & alternative use
MG05 · Lincoln, RI
Zoning MG05 · permitted uses
MG05 · Lincoln, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
13.58 ac
Current owner
From public records · entity-resolved
Pg Wellington LLC
Entity
Free & Clear · 5 yrs held
Mailing address
20 NEWMAN AVE UNIT #1005, RUMFORD, RI 02916-3601
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$5,200,000
Pg Wellington LLC
Wt Re Spv LLC
Warranty Deed
—
Apr 24, 2020
$3,817,246
Wt Re Spv LLC
Wt Realty LLC
Warranty Deed
—
May 18, 2015
$4,270,000
Wt Realty LLC
15 Wellington Rd Hld LLC
Quit Claim Deed
—
Oct 22, 1999
$1,320,000
Rod Holding Wellington
Southland Leasing
Grant Deed
—
Oct 19, 1998
$2,036,000
Southland Leasing
Palmer Hldgs LLC
Grant Deed
$1,261,658 · Bank Of Rhode Island
May 20, 1997
$2,600,000
Palmer Holdings LLC
Butler Manufacturing C
Grant Deed
related
$2,300,000 · Bank Of Rhode Island
—
—
Wt Realty LLC
—
Deed Of Trust
related
$4,444,536 · 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
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