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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Industrial properties
2 Warren Ave, North Providence, RI 02911-2426
Entity Owned
9-yr Hold
Free & Clear
Property ID
US76-0015711
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1959
Construction
FRAME
Total area
11,715 SF
Lot
0.51 ac (22,085 SF)
Zoning code
RG
APN
NPRO M:11 L:556
UPID
US76-0015711
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
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$965k
Owner & transaction history
Reservoir Adventures LLC · 9 yrs held
Reservoir Adventures LLC
since 2017
7 recorded transactions
Zoning & alternative use
RG · North Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Providence 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,200,000
Current use
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$82 / 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
$13,952
Tax year 2024
Assessed value
$597,500
Assessed 2024
Previous assessed
$597,500
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$170,900
Assessed improvement
$426,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
11,715 SF
Lot
0.51 ac (22,085 SF)
Zoning code
RG
APN
NPRO M:11 L:556
UPID
US76-0015711
Jurisdiction
NORTH PROVIDENCE
Zoning & alternative use
RG · North Providence, RI
Zoning RG · permitted uses
RG · North Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1959
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Reservoir Adventures LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2 WARREN AVE, NORTH PROVIDENCE, RI 02911-2426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 30, 2017
$129,025
Reservoir Adventures LLC
Town Of North Providence
Tax Deed
—
Jul 5, 2016
$21,802
Reservoir Adventures LLC
Bianca Properties LLC
Grant Deed
—
May 27, 2016
$25,154
Bianca Properties LLC
Mcnamee,john
Redemption Deed
—
May 29, 2012
$17,614
Bianca Props LLC
Giarrusso,steven C
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jun 21, 2011
$16,808
Bianca Properties
Giarrusso,steven
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
May 31, 2011
$15,025
Steven C Giarrusso
Bianca Props LLC 2
Grant Deed
—
May 20, 2011
$15,025
Steven C Giarusso
Dianca Props LLC
Grant Deed
—
May 1, 2009
$1
Loose Ends Ri Grp
Bianca Properties
Grant Deed
related
—
Oct 20, 2000
$240,000
Bianca Prop LLC
Sunrise Prop LLC
Grant Deed
$180,000 · Bank Of Rhode Island
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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