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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Industrial properties
171 Service Ave Warwick, RI 02886-1014
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US76-0170203
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
50,425 SF
Lot
18.3 ac (797,148 SF)
Zoning code
GI
APN
WARW M:280 B:0004 L:0000
UPID
US76-0170203
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
-
Washington Trust Bank Loan Service
-
BAYADA Home Health Care RIS OFFICE Corporate Office
-
Tuition Management Systems LLC Association / Organization Banking And Finance
-
APG Security RI LLC Law Firm Security Service
-
Thundermist Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$7.62M
Blend (final)
Blend
$5.64M
Owner & transaction history
Service Avenue Rlty · 22 yrs held
Service Avenue Rlty
since 2003
6 recorded transactions
Zoning & alternative use
GI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,910,000
6.5%
$3,610,000
7%
$3,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,645,000
Current use
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±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
$112 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$125,219
Tax year 2020
Assessed value
$6,195,100
Assessed 2023
Previous assessed
$4,531,200
+36.7% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,636,700
Assessed improvement
$4,558,400
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
2
Units
2
Total area
50,425 SF
Lot
18.3 ac (797,148 SF)
Zoning code
GI
APN
WARW M:280 B:0004 L:0000
UPID
US76-0170203
Jurisdiction
WARWICK
Zoning & alternative use
GI · Warwick, RI
Zoning GI · permitted uses
GI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.6M
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
2
Lot
18.3 ac
Current owner
From public records · entity-resolved
Service Avenue Rlty
Individual
Mailing address
PO BOX 2516, FALL RIVER, MA 02722-2516
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2006
—
Service Avenue Rlty LLC
—
Deed Of Trust
related
$3,000,000 · Citizens Bank Of Ri
Nov 22, 2005
—
Service Avenue Rlty
—
Deed Of Trust
related
$8,051,245 · Citizens Bank Of Ri
Aug 11, 2005
—
Service Avenue Rlty
—
Deed Of Trust
related
$4,500,000 · Citizens Bank Of Ri
Feb 7, 2005
—
Service Avenue Rlty
—
Deed Of Trust
related
$4,100,000 · Citizens Bank Of Ri
Nov 17, 2003
—
Service Ave Rlty
—
Deed Of Trust
related
$1,300,000 · Citizens Bank Of Ri
Sep 25, 2003
$1,600,000
Service Avenue Rlty
G E Wiring Devices
Grant Deed
—
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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