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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Commercial real estate
16-20 High St Burrillville, RI 02830
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US76-0355441
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
10,775 SF
Lot
2.27 ac (98,968 SF)
Zoning code
VC
APN
BURR M:191 L:114
UPID
US76-0355441
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
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.90M
Owner & transaction history
Jjp Pascoag LLC · 15 yrs held
Jjp Pascoag LLC
since 2010
3 recorded transactions
Zoning & alternative use
VC · Burrillville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of VC zone is intended to reinforce the existing mix or texture of the older mill villages in Burrillville is seen primarily as being made up of a variety of businesses, predominantly in the service sector, occupying small buildings or with small floor areas
Zone name
Village Commercial
General category
COMMERCIAL
Zone area
194.41 ac
Source
Realmo
Top alternative use upside
Office building
$2.1M
+30.7%
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 Burrillville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burrillville 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%
$2,120,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,580,000
Current use
OFFICE BUILDING
$2,065,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$176 / 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
$27,667
Tax year 2024
Assessed value
$1,846,900
Assessed 2024
Previous assessed
$1,846,900
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$135,000
Assessed improvement
$1,711,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Rooms
1
Total area
10,775 SF
Lot
2.27 ac (98,968 SF)
Zoning code
VC
APN
BURR M:191 L:114
UPID
US76-0355441
Jurisdiction
BURRILLVILLE
Zoning & alternative use
VC · Burrillville, RIZoning VC · permitted uses
VC · Burrillville, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of VC zone is intended to reinforce the existing mix or texture of the older mill villages in Burrillville is seen primarily as being made up of a variety of businesses, predominantly in the service sector, occupying small buildings or with small floor areas
Zone name
Village Commercial
General category
COMMERCIAL
Zone area
194.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
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
1990
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Rooms
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Jjp Pascoag LLC
Entity
Mailing address
1021 WATERMAN AVE, EAST PROVIDENCE, RI 02914-1314
Ownership since
2010
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
Dec 10, 2010
—
Jjp Pascoag LLC
—
Deed Of Trust
related
$3,100,000 · Sovereign Bank
Dec 10, 2010
$1
Jjp Pascoag LLC
Lehign Realty LLC
Grant Deed
related
—
Dec 8, 2010
$1
Burrillville Toqn Of
Lehigh Realty LLC
Grant Deed
related
—
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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