Individually Owned 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
Location
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
since 2025
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
GC · Glendale, RI
Top alternative use upside
Office building
$665,000
+30.7%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$585k
Value range
$527k – $644k
±10% around blend
Estimated value / SF
$169 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$527k
blend $585k
$644k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,462 SF
Lot area
3.56 ac
Year built
1962
Stories
2
APN
BURR M:130 L:001
Zoning
GC
Assessed value
$433,700
Annual tax
$6,497
3
Income approach: direct capitalization
Partial preview
Income approach indication
$630k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$680k
@ 6.5% CAP return
$630k
@ 7% CAP return
$585k
4
Sales comparison
Partial preview
Sales approach indication
$603k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.9 mi away · 2,980 SF
7.0 mi away · 2,852 SF
7.9 mi away · 3,146 SF
8.0 mi away · 3,200 SF
9.9 mi away · 4,476 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$585k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1487 sales
$146
+15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+31%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Not available
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.00%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$41k *
Last sale · Dec 2025
$580k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$580k
Move the market yield to see immediate price impact.
Value / SF
$168
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
6.50%7.00%7.50%
$37k
$562k
$522k
$487k
$41k
$625k
$580k
$541k
$45k
$687k
$638k
$595k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$500k
4.1 mi · Oct 2025 · $173/SF
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
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
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, RIZoning GC · permitted uses
GC · Glendale, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GC
Jurisdiction
Glendale, RI
Recorded code
GC
Ownership Intelligence
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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.
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