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Property profile & analytics
OFF-MARKET Estimated value $585,000
Investment properties

22 Wakefield St West Warwick, RI 02893-3523

3,501 SF 0.19 ac lot Built 1880
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US76-0014963
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1880
Construction FRAME
Total area 3,501 SF
Lot 0.19 ac (8,407 SF)
Zoning code R-8
APN WWAR 002-0082-0-000
UPID US76-0014963
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
$600k
CAP Approach CAP
$665k
Comparable Approach Comparable
$470k
Blend (final) Blend
$585k
Owner & transaction history
Thomas B Conley · 4 yrs held
Thomas B Conley
since 2021
Last sale
$624,000
7 recorded transactions
2021
$17,337
2021
$175,000
2021
Price N/A
2021
$15,347
2018
$11,900
2014
$107,200
2004
Price N/A
Zoning & alternative use
R-8 · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

damage occurs. The use of the provisions in R-10 and R-8 residential districts is subject to the following: 6.2.1 Where such lot or lots contain less than 75 percent of the required minimum lot area or have less than 70 feet of continuous frontage, it shall be necessary for the owner thereof to receive a variance from the zoning board in order to construct a…

Zone name Residential Minimum 8000 Sq Ft
General category CIVIC_INSTITUTIONAL
Zone area 1,371.88 ac
Source code of ordinances
Top alternative use upside
Office building $785,000 +50.0%
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