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1943 Putnam Pike, Glocester, RI 02814
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Property summary
AI-generated overview
The property consists of two automotive workshop/shop spaces designed for leasing, either together or separately, on a fenced lot. Shop 1 includes three garage bays, a vehicle lift, a restroom, and office space. Shop 2 includes two garages, a paint booth, and provides potential for additional office space on a second-floor level. The site is equipped to support vehicle storage and automotive uses, with capacity for up to 25 unregistered cars and up to 50 registered and operable vehicles. A license for auto body repair is included, and the facility is suitable for service shops, auto body businesses, and car dealerships. The leasable lot area is over 0.75 acres and the property is positioned on a busy route near the Connecticut line; the building has had revitalization improvements and is configured for continued automotive operations.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
FRAME
Total area
2,560 SF
Lot
0.5 ac (21,736 SF)
Zoning code
20
APN
GLOC M:007 B:075
UPID
US76-0301538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$200k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
since 2023
Last sale
$210,000
2 recorded transactions
Zoning & alternative use
20 · Chepachet, RI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 75 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$220k
Value range
$198k – $242k
±10% around blend
Estimated value / SF
$86 / SF
Confidence
High
75 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$198k
blend $220k
$242k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,560 SF
Lot area
0.5 ac
Year built
1940
Stories
1
APN
GLOC M:007 B:075
Zoning
20
Assessed value
$205,100
Annual tax
$3,411
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$3,411
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$472k
Weighted, 20 comps · high confidence
Evidence
75 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 1,938 SF
8.3 mi away · 2,500 SF
11.4 mi away · 2,128 SF
11.5 mi away · 3,192 SF
12.1 mi away · 2,980 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$220k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$88
-3%
Submarket 26 sales
$105
-18%
County 1487 sales
$146
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $86/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 75 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$262k
Move the market yield to see immediate price impact.
Value / SF
$103
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$17k
$331k
$236k
$184k
$18k
$367k
$262k
$204k
$20k
$404k
$289k
$225k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
75 found
High confidence · county-verified
Closest comparable
$500k
2.9 mi · Oct 2025 · $173/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,411
Tax year 2024
Assessed value
$205,100
Assessed 2024
Previous assessed
$205,100
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$90,700
Assessed improvement
$114,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1940
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,560 SF
Lot
0.5 ac (21,736 SF)
Zoning code
20
APN
GLOC M:007 B:075
UPID
US76-0301538
Jurisdiction
GLOCESTER
Zoning & alternative use
20 · Chepachet, RIZoning 20 · permitted uses
20 · Chepachet, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
20
Jurisdiction
Chepachet, RI
Recorded code
20
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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