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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Showrooms
207 Quaker Ln, West Warwick, RI 02893-2283
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0020944
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Total area
17,784 SF
Lot
1.09 ac (47,480 SF)
Zoning code
R-6
APN
WWAR 028-0005-0-000
UPID
US76-0020944
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
-
Alexander Lubin Physician Medical Clinic
-
Sparadeo & Associates Physician Medical Clinic
-
Cambio Angelo J MD Physician Medical Clinic
-
Angelo Joseph Cambio - Urologic Specialists of New England Physician Medical Clinic
-
Shackleford Jarrel L Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$3.19M
Owner & transaction history
Swapping Horses Rlty LLC · 4 yrs held
Swapping Horses Rlty LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
R-6 · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+50.0%
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 West Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Warwick 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
$3,170,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
$3,660,000
6.5%
$3,380,000
7%
$3,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,665,000
Current use
OFFICE BUILDING
$4,000,000
Change: +50% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,135,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $1.95M (Jun 15 2022)
Last sale anchor
$1.95M
Jun 15 2022
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
$179 / 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
$62,125
Tax year 2023
Assessed value
$1,980,400
Assessed 2023
Previous assessed
$1,980,400
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$298,600
Assessed improvement
$1,681,800
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
1986
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
3
Total area
17,784 SF
Lot
1.09 ac (47,480 SF)
Zoning code
R-6
APN
WWAR 028-0005-0-000
UPID
US76-0020944
Jurisdiction
WEST WARWICK
Zoning & alternative use
R-6 · West Warwick, RI
Zoning R-6 · permitted uses
R-6 · West Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
3
Lot
1.09 ac
Current owner
From public records · entity-resolved
Swapping Horses Rlty LLC
Entity
Mailing address
207 QUAKER LN, WEST WARWICK, RI 02893-2283
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$1,950,000
Swapping Horses Rlty LLC
Quaker Lane Holdings LLC
Warranty Deed
$1,267,500 · Baycoast Bank
Apr 7, 2014
—
Nv 1 LLC
Conley,patrick T
Grant Deed
—
Jun 20, 2012
—
Quaker Lane Holding LLC
—
Deed Of Trust
related
$249,874 · Washington Trust Co
Jan 3, 2011
$10
Prc Murphy LLC
Njv LLC
Grant Deed
—
Jan 2, 2001
—
Universal Truck Leasin
—
Grant Deed
related
$85,000 · Sovereign Bank
Aug 8, 1996
$575,000
Quaker Ln Holdings LLC
United Omaha Life Ins
Grant Deed
related
—
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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