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Property profile & analytics
FOR LEASE
Showrooms
1800 Mendon Rd, Cumberland, RI 02864
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0303730
For Lease
1 / 2
$3,915,000
1800 Mendon Rd, Cumberland, RI 02864
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,468 SF
Lot
4.47 ac (194,713 SF)
Zoning code
C-2
APN
CUMB M:058 B:0053 L:000
UPID
US76-0303730
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
$4.99M
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.92M
Owner & transaction history
Gate House Kitchens Cumbe · 1 yrs held
Gate House Kitchens Cumbe
since 2024
7 recorded transactions
Zoning & alternative use
C-2 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+37.3%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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%
$5,410,000
6.5%
$4,990,000
7%
$4,635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,830,000
Current use
OFFICE BUILDING
$5,260,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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
$143 / 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
$42,810
Tax year 2024
Assessed value
$3,582,400
Assessed 2024
Previous assessed
$3,582,400
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,115,600
Assessed improvement
$2,466,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
10
Total area
27,468 SF
Lot
4.47 ac (194,713 SF)
Zoning code
C-2
APN
CUMB M:058 B:0053 L:000
UPID
US76-0303730
Jurisdiction
CUMBERLAND
Zoning & alternative use
C-2 · Cumberland, RI
Zoning C-2 · permitted uses
C-2 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$5.3M
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
10
Lot
4.47 ac
Current owner
From public records · entity-resolved
Gate House Kitchens Cumbe
Individual
Mailing address
244 GANO ST, PROVIDENCE, RI 02906-4027
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Gate House Kitchens Cumbe
—
Deed
related
$3,300,000 · Middlesex Savings Bank
Oct 24, 2024
—
Gate House Kitchens Cumbe
Colonial Cumberland LLC
Warranty Deed
$3,300,000 · Middlesex Savings Bank
Sep 17, 2015
$6,940,500
Colonial Cumberland LLC
1800 Mendon Rd LLC
Warranty Deed
$5,552,400 · Fall River Five Cents Savings Bank
Aug 29, 2006
$250,000
88 LLC
Mars Entertainment LLC
Grant Deed
—
Aug 29, 2006
$1
1800 Mendon Road LLC
Colonial Crossings LLC
Grant Deed
related
—
Aug 23, 2006
$1
Colonial Crossing LLC
Colonial Crossing LLC
Grant Deed
related
—
Nov 22, 2005
—
Colonial Xing LLC
—
Deed Of Trust
related
$1,000,000 · Citizens Bank Of Ri
Jan 28, 2004
—
Mars Enterprises
—
Deed Of Trust
related
$375,000 · Citizens Bank Of Ri
May 31, 2002
—
Colonial Crossing LLC
—
Deed Of Trust
related
$2,000,000 · Citizens Bank Of Ri
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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