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Property profile & analytics
OFF-MARKET
Estimated value
$11,145,000
Industrial properties
226 Shr Rd, Portsmouth, RI 02871-1714
Entity Owned
18-yr Hold
Free & Clear
Property ID
US76-0072060
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
STEEL FRAME
Total area
164,671 SF
Lot
36.21 ac (1,577,308 SF)
Zoning code
HI
APN
PORT M:026 B:0013
UPID
US76-0072060
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
$11.79M
Comparable Approach
Comparable
$10.50M
Blend (final)
Blend
$11.15M
Owner & transaction history
Conlan Rhode Island LLC · 18 yrs held
Conlan Rhode Island LLC
since 2008
2 recorded transactions
Zoning & alternative use
HI · Portsmouth, 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 Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth 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%
$12,770,000
6.5%
$11,785,000
7%
$10,945,000
Blend value · Realmo final
$11.15M
Range $10.03M – $12.26M · ±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
$68 / 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
$16,692
Tax year 2023
Assessed value
$1,306,100
Assessed 2023
Previous assessed
$1,239,700
+5.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,304,500
Assessed improvement
$1,600
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
1963
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
1
Units
2
Total area
164,671 SF
Lot
36.21 ac (1,577,308 SF)
Zoning code
HI
APN
PORT M:026 B:0013
UPID
US76-0072060
Jurisdiction
PORTSMOUTH
Zoning & alternative use
HI · Portsmouth, RI
Zoning HI · permitted uses
HI · Portsmouth, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
STEEL FRAME
Heating
STEAM
Stories
1
Buildings
1
Units
2
Lot
36.21 ac
Current owner
From public records · entity-resolved
Conlan Rhode Island LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 8TH 8, PORTSMOUTH, RI 02871-0008
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
West Shore Solar LLC
—
Deed
related
$10,198,039 · Cambridge Savings Bank
May 30, 2008
$13,750,000
Conlan Rhode Island LLC
Albin Holdings LLC
Warranty Deed
—
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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