Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23 Ashton Park Way Ste C Cumberland, RI 02864-4841

    • Industrial properties
    • 1,364 SF
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    2.5%
    Industrial properties
    Location Intelligence
    Property ID
    US76-0305399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 23 Ashton Park Way Ste C

    Year built
    1930
    Property size
    1,364 SF
    Property type
    Industrial properties
    APN
    CUMB M:058 B:0057 L:A03/3
    APU
    CUMBM058B0057LA033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $260,000
      COMMERCIAL (GENERAL)
      $190,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4289
    Latitude
    41.933
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,328
    $0.00
    $278,500
    $278,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      10 Lambert Ave

      Distribution properties
      10 Lambert Ave, Cumberland, RI 02864
      View Details
    • Value Estimation
      $445,000
      1.74 Acres

      60 Ml St

      INDUSTRIAL (GENERAL) • 1.74 Acres
      60 Ml St, Cumberland, RI 02864-8316
      View Details
    • Value Estimation
      $355,000
      24.67 Acres

      1300 Highland Corporate Dr Ste, Unit 202

      INDUSTRIAL (GENERAL) • 24.67 Acres
      1300 Highland Corporate Dr Ste, Cumberland, RI 02864-8710
      View Details
    • Value Estimation
      $290,000
      0.17 Acres

      11 Ann And Hope Way

      INDUSTRIAL (GENERAL) • 0.17 Acres
      11 Ann And Hope Way, Cumberland, RI 02864-6918
      View Details
    • Value Estimation
      $405,000
      1.53 Acres

      1 John C Dean Memorial Blvd

      INDUSTRIAL (GENERAL) • 1.53 Acres
      1 John C Dean Memorial Blvd, Cumberland, RI 02864-4876
      View Details
    • Value Estimation
      $990,000
      103,988 SF

      300 Maple Rdg Dr

      INDUSTRIAL (GENERAL) • 103,988 SF
      300 Maple Rdg Dr, Cumberland, RI 02864-8707
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Cumberland RI Warehouse - $1.1M

      Industrial Warehouse, 43,560 SF Lot
      10 Lambert Ave, Cumberland, RI 02864
      View Details
    • Contact for pricing
      16,100 SF

      Cumberland Industrial Trio

      Three buildings, 16,100 SF, ideal owner-user.
      81 Macondray St, Cumberland, RI 02864
      View Details
    • Contact for pricing
      52,180 SF

      Cross-Dock Distribution Terminal with Garage

      42,580 SF distribution terminal with 9,600 SF garage.
      55 Industrial Rd, Cumberland, RI 02864
      View Details
    • $1,300,000
      Pending

      Cumberland Commercial Property with Brewery

      Unique commercial property with successful brewery and expansion potential.
      10 Industrial Rd, Cumberland, RI 02864
      View Details
    • $495,000
      1,225 SF

      High-Visibility Cumberland Commercial Property

      Mixed-use building, high visibility, great potential.
      511 Broad St, Cumberland, RI 02864
      View Details
    • $639,000
      Pending

      Updated Three-Unit Multifamily Property

      Three updated units, convenient location, month-to-month tenants.
      13 Elizabeth St, Cumberland, RI 02864
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,150 SF

      Industrial Flex Space For Rent

      Industrial flex space available for rent, ideal for warehouse.
      45 Industrial Rd, Cumberland, RI 02864
      View Details
    • Contact for pricing
      5,000 SF

      Commercial Kitchens For Lease

      Individual commercial kitchens for lease in Cumberland, Rhode Island.
      1800 Mendon Rd, Cumberland, RI 02864
      View Details
    • $16 SF/Yr

      Mendon Road Retail Opportunity

      Renovated Retail Building, Ample Parking
      121 Mendon Rd, Cumberland, RI 02864
      View Details
    • $16 SF/Yr
      61,000 SF

      Cumberland Plaza: Retail Space Available

      Prime Retail Space, 3,506 SF, Full Kitchen
      2000 Mendon Rd, Cumberland, RI 02864
      View Details
    • $19 SF/Yr
      2,350 SF

      Cumberland Office Condo for Lease

      Prime Office Space, CVS-Anchored Park
      1300 Highland Corporate Dr, Cumberland, RI 02864
      View Details
    • $16 SF/Yr
      2,100 SF

      Retail Space in High-Traffic Mall

      2,100 SF retail space ideal for various businesses.
      1764 Mendon Rd, Cumberland, RI 02864
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Ashton Park Way Ste C
    Cumberland, RI 02864-4841
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.