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Property profile & analytics
OFF-MARKET
Industrial properties
1505 Main St West Warwick, RI 02893-2927
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0180175
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
STEEL FRAME
Total area
14,451 SF
Lot
0.97 ac (42,410 SF)
Zoning code
CI
APN
WWAR 014-1052-0-000
UPID
US76-0180175
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
-
Response Medical, LLC. Building Supply General Contractor
-
R & L Tool Industrial Manufacturer Production Facility
-
Aaron's Ultimate Upholstery Furniture & Home Goods
-
Rustic Rhody General Contractor
-
C & L Tool Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tingley Smith Hldg LLC · 5 yrs held
Tingley Smith Hldg LLC
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
CI · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ce AA. Residence 8 (R-8) formerly residence A. Residence 7.5 (R-7.5) formerly residence B. Residence 6 (R-6) formerly residence C. 4.1.2 Nonresidential districts. Business (B) formerly business D. Commercial industrial (CI) formerly industrial E. Business park (BP). 4.2 Split lots. Wherever a district boundary splits a lot into two or more separate zoning di…
Zone name
Commercial And Industrial
General category
INDUSTRIAL
Zone area
481.29 ac
Source
code of ordinances
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 West Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Warwick 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,248
Tax year 2023
Assessed value
$454,200
Assessed 2023
Previous assessed
$454,200
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$140,300
Assessed improvement
$313,900
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
1956
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
14,451 SF
Lot
0.97 ac (42,410 SF)
Zoning code
CI
APN
WWAR 014-1052-0-000
UPID
US76-0180175
Jurisdiction
WEST WARWICK
Zoning & alternative use
CI · West Warwick, RIZoning CI · permitted uses
CI · West Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ce AA. Residence 8 (R-8) formerly residence A. Residence 7.5 (R-7.5) formerly residence B. Residence 6 (R-6) formerly residence C. 4.1.2 Nonresidential districts. Business (B) formerly business D. Commercial industrial (CI) formerly industrial E. Business park (BP). 4.2 Split lots. Wherever a district boundary splits a lot into two or more separate zoning districts, a prospective use may be processed only if it is listed in the table of u
Zone name
Commercial And Industrial
General category
INDUSTRIAL
Zone area
481.29 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1956
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Tingley Smith Hldg LLC
Entity
Mailing address
1505 MAIN ST, WEST WARWICK, RI 02893-2927
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$500,000
Tingley Smith Hldg LLC
Response Properties LLC
Warranty Deed
$400,000 · Centreville Bank
Dec 10, 2018
—
Response Props LLC
—
Deed
related
$380,000 · Bank Of America
May 25, 2017
$560,000
Main Street Inv Ptnrs
Main Street Inv Ptnrs|javid,bijan
Foreclosure
related
—
Jun 9, 2016
—
Main St Inv Partners
—
Deed
related
$250,000 · Bijan Javid
—
—
Response Props LLC
—
Deed Of Trust
related
$380,000 · Bank Of America
—
—
Main St Inv Partners
—
Deed Of Trust
related
$150,000 · Bijan Javid
—
—
Main St Inv Partners
—
Deed Of Trust
related
$266,304 · Bijan Javid
—
—
Main St Inv Partners
—
Deed Of Trust
related
$250,000 · Bijan Javid
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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