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Property profile & analytics
OFF-MARKET
Estimated value
$11,060,000
Showrooms
1959 Kingstown Rd South Kingstown, RI 02879-1600
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0218804
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
FRAME
Total area
74,782 SF
Lot
6.16 ac (268,330 SF)
Zoning code
MU
APN
SKIN P:040-1 L:000015
UPID
US76-0218804
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
-
Brookdale South Bay Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.65M
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$11.06M
Owner & transaction history
Cnl Retirement Skin Ri LP · 22 yrs held
Cnl Retirement Skin Ri LP
since 2004
3 recorded transactions
Zoning & alternative use
MU · South Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ment Projects - Use Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 150 30% 35 15 25 20 10 30 10 10 10, 12 All Other Permitted Principal Uses 10,000 80 25% 35 15 25 20 10 30 10 10 ZONING DISTRICT MU Any Permitted Manufacturing Use 40,000 150 40% 40 40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DI…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
17.86 ac
Source
Code of Ordinances
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 South Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Kingstown 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%
$12,620,000
6.5%
$11,650,000
7%
$10,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,055,000
Current use
OFFICE BUILDING
$13,100,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$11.06M
Range $9.95M – $12.17M · ±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
$148 / 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
$188,784
Tax year 2024
Assessed value
$17,084,500
Assessed 2024
Previous assessed
$17,084,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,786,600
Assessed improvement
$11,297,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
126
Total area
74,782 SF
Lot
6.16 ac (268,330 SF)
Zoning code
MU
APN
SKIN P:040-1 L:000015
UPID
US76-0218804
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
MU · South Kingstown, RIZoning MU · permitted uses
MU · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ment Projects - Use Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 150 30% 35 15 25 20 10 30 10 10 10, 12 All Other Permitted Principal Uses 10,000 80 25% 35 15 25 20 10 30 10 10 ZONING DISTRICT MU Any Permitted Manufacturing Use 40,000 150 40% 40 40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DISTRICT RM All Other Permitted Uses, including Two-Household Detached Structure 10,
Zone name
Mixed Use
General category
MIXED_USE
Zone area
17.86 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$14.1M
OFFICE BUILDING
Est. value
$13.1M
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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
126
Lot
6.16 ac
Current owner
From public records · entity-resolved
Cnl Retirement Skin Ri LP
Entity
Mailing address
111 WESTWOOD PL STE #400, BRENTWOOD, TN 37027-5057
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2004
$15,512,000
Cnl Retirement Skin Ri LP
South Bay Manor LLC
Grant Deed
$12,607,500 · Lasalle Bank Fsb
May 21, 2003
—
Lifestyle Bay LP Senior
—
Deed Of Trust
related
$12,607,500 · Gmac Mortgage Corp Pa
Apr 21, 1999
—
Lifestyle Bay Senior
—
Deed Of Trust
related
$59,100 · Zions First National Bank
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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