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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Showrooms
1950 Broncos Hwy, Glendale, RI 02826-1684
Individually Owned
Free & Clear
Property ID
US76-0365572
Property summary
AI-generated overview
This exceptional Burrillville, RI property, located at 1950 Broncos Highway, presents a lucrative investment opportunity. The 3.5-acre lot (155,074 sq ft) houses a meticulously maintained, two-story building (1962, fully renovated in 2014) totaling over 3,400 square feet. The main level features a fully equipped commercial kitchen, a bar, a spacious dining area, and a convenient ice cream service window, ideal for a restaurant operation. Upstairs, a one-bedroom apartment provides live/work space potential. The property also includes established amenities such as mini golf and batting cages, offering additional revenue streams or recreational uses. Ample parking is available on-site. The GC zoning allows for diverse development possibilities, including expansion or the construction of additional structures. This turnkey operation is ready for immediate use and offers significant upside potential for a discerning investor. The asking price is $600,000.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Construction
FRAME
Total area
3,462 SF
Lot
3.56 ac (155,074 SF)
Zoning code
GC
APN
BURR M:130 L:001
UPID
US76-0365572
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
$605k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$585k
Owner & transaction history
Iralian Amer War Veterans
Iralian Amer War Veterans
since 2025
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
GC · Glendale, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$665,000
+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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
$585,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
OFFICE BUILDING
$665,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $580k (Dec 3 2025)
Last sale anchor
$580k
Dec 3 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
$169 / 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
$6,497
Tax year 2024
Assessed value
$433,700
Assessed 2024
Previous assessed
$433,700
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$128,200
Assessed improvement
$305,500
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
Off-Market
Year built
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
1
Total area
3,462 SF
Lot
3.56 ac (155,074 SF)
Zoning code
GC
APN
BURR M:130 L:001
UPID
US76-0365572
Jurisdiction
BURRILLVILLE
Zoning & alternative use
GC · Glendale, RI
Zoning GC · permitted uses
GC · Glendale, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$665,000
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
1
Lot
3.56 ac
Current owner
From public records · entity-resolved
Iralian Amer War Veterans
Individual
Free & Clear · 0 yrs held
Mailing address
1950 BRONCOS HWY, HARRISVILLE, RI 02830-1678
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
$580,000
Iralian Amer War Veterans
Chapmans LLC
Warranty Deed
—
Nov 10, 2021
$500,000
Chapmans LLC
Philip A Oakley
Warranty Deed
$400,000 · Oakley Holdings LLC
Feb 4, 2014
$213,000
Philip A Oakley
Sweeney,robert N SR
Foreclosure
related
—
Apr 14, 2009
—
Robert N Sweeney SR.
—
Deed Of Trust
related
$280,000 · Navigant Cu
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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