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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Industrial properties
20 Industrial Dr Smithfield, RI 02917-1502
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US76-0121618
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,800 SF
Lot
1.79 ac (77,972 SF)
Zoning code
I
APN
SMIT M:49 B:000 L:170 U:
UPID
US76-0121618
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
-
SEKO Logistics Providence / International Freight Solutions Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$905k
Owner & transaction history
Jfk Holdings LLC · 9 yrs held
Jfk Holdings LLC
since 2017
5 recorded transactions
Zoning & alternative use
I · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is to provide for general industrial and planned development cluster of such uses for general manufacturing and related activities and office uses. The intent is to provide for less intense uses along the street frontages and heavier uses in the interior lots.
Zone name
Planned Industrial
General category
PLANNED_DEVELOPMENT
Zone area
874.59 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.4M
+61.1%
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$895,000
Current use
COMMERCIAL (GENERAL)
$1,445,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$84 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,339
Tax year 2023
Assessed value
$746,800
Assessed 2023
Previous assessed
$746,800
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$205,800
Assessed improvement
$541,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
10,800 SF
Lot
1.79 ac (77,972 SF)
Zoning code
I
APN
SMIT M:49 B:000 L:170 U:
UPID
US76-0121618
Jurisdiction
SMITHFIELD
Zoning & alternative use
I · Smithfield, RIZoning I · permitted uses
I · Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is to provide for general industrial and planned development cluster of such uses for general manufacturing and related activities and office uses. The intent is to provide for less intense uses along the street frontages and heavier uses in the interior lots.
Zone name
Planned Industrial
General category
PLANNED_DEVELOPMENT
Zone area
874.59 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Jfk Holdings LLC
Entity
Mailing address
21 INDUSTRIAL DR, SMITHFIELD, RI 02917-1528
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Jfk Holdings LLC
—
Deed
related
$576,000 · Baycoast Bk
Feb 15, 2017
$240,000
Jfk Holdings LLC
Penta Realty LLC
Warranty Deed
—
Aug 24, 2004
—
Penta Realty LLC
—
Deed Of Trust
related
$240,000 · Ocean State Dept INC
Feb 2, 2004
$540,000
Penta Realty INC
Sri Properties
Grant Deed
$287,500 · Ups Capital Busines Cr
—
—
Jfk Holdings LLC
—
Deed Of Trust
related
$576,000 · Baycoast Bk
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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