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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Showrooms
151 Centerville Rd Warwick, RI 02886-4335
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0022006
Property summary
AI-generated overview
This exceptional 5,440-square-foot executive office building, located at 151 Centerville Road in Warwick, Rhode Island, presents a compelling investment opportunity. Constructed in 1983, this Class B property sits on a 0.664-acre lot and offers a versatile layout spread across two levels, ideal for a variety of business configurations. The building's modern and well-maintained interior provides a professional and efficient workspace. A significant advantage is the ample on-site parking available for employees and clients, ensuring convenience and accessibility. The property enjoys high visibility from Centerville Road, enhancing its appeal and accessibility. Its strategic location in Warwick, Kent County, provides easy access to major highways, facilitating seamless commutes for staff and clients alike. The asking price for this turnkey office building is $649,000. This property represents a rare opportunity to acquire a well-maintained, conveniently located executive office building in a thriving Rhode Island market. The 02886 zip code offers a strong business environment.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
FRAME
Total area
5,168 SF
Lot
0.5 ac (21,780 SF)
Zoning code
O
APN
WARW M:246 B:0254 L:0000
UPID
US76-0022006
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
-
Crossman Engineering Inc Civil Engineer Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$630k
Owner & transaction history
Clayton Munroe Hldg LLC · 1 yrs held
Clayton Munroe Hldg LLC
since 2025
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
O · Warwick, 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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
Method
Estimation
Statistic approach
$535,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,030,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $600k (Mar 7 2025)
Last sale anchor
$600k
Mar 7 2025
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
$122 / 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
$18,300
Tax year 2023
Assessed value
$737,000
Assessed 2023
Previous assessed
$715,200
+3.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$263,500
Assessed improvement
$473,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
5,168 SF
Lot
0.5 ac (21,780 SF)
Zoning code
O
APN
WARW M:246 B:0254 L:0000
UPID
US76-0022006
Jurisdiction
WARWICK
Zoning & alternative use
O · Warwick, RI
Zoning O · permitted uses
O · Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.0M
OFFICE BUILDING
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Clayton Munroe Hldg LLC
Entity
Mailing address
29 PO BOX 500TH CIR, COVENTRY, RI 02816-0009
Ownership since
2025
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
Mar 7, 2025
$600,000
Clayton Munroe Hldg LLC
Cca Prop LLC
Warranty Deed
$1,198,500 · Primis Bank
Jun 30, 2009
$650,000
Cca Properties LLC
Crossman,e Raymond
Warranty Deed
$650,000 · E Raymond Crossman
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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