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    Property profile & analytics

    234 Main St North Kingstown, RI 02852-5101

    • Showrooms
    • 4,872 SF
    • 3.32 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0169507
    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

    • Centreville Bank / Bank / Loan Service

    Property Details for 234 Main St

    Year built
    2004
    Construction
    FRAME
    Lot size
    3.32 lot acres
    Property size
    4,872 SF
    Zone code
    NBH
    Property type
    Showrooms
    APN
    NKIN M:116 B:008
    APU
    NKINM116B008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $760,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,074,000
      Market price range: $288k - $1.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $925,000
      Current use
      OFFICE BUILDING
      $855,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4602
    Latitude
    41.5719
    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
    $23,381
    $476,000
    $960,200
    $1,436,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,250,000
      8,339 SF

      6900 Post Rd

      SHOW ROOM, WAREHOUSE • 8,339 SF
      6900 Post Rd, North Kingstown, RI 02852-2701
      View Details
    • Value Estimation
      $3,740,000
      23,408 SF

      1007 10th Rod Rd

      SHOW ROOM, WAREHOUSE • 23,408 SF
      1007 10th Rod Rd, North Kingstown, RI 02852-4125
      View Details
    • Value Estimation
      $2,035,000
      14,752 SF

      751 10th Rod Rd

      SHOW ROOM, WAREHOUSE • 14,752 SF
      751 10th Rod Rd, North Kingstown, RI 02852-4221
      View Details
    • Value Estimation
      $16,785,000
      137,323 SF

      20 Frenchtown Rd

      SHOW ROOM, WAREHOUSE • 137,323 SF
      20 Frenchtown Rd, North Kingstown, RI 02852-1758
      View Details
    • Value Estimation by Request
      1,120 SF

      1 Quiapen Ln

      SHOW ROOM, WAREHOUSE • 1,120 SF
      1 Quiapen Ln, North Kingstown, RI 02852-5524
      View Details
    • Value Estimation
      $740,000
      7,360 SF

      70 Brown St

      SHOW ROOM, WAREHOUSE • 7,360 SF
      70 Brown St, North Kingstown, RI 02852-5040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.21 Acres

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      Retail space in Wickford Village available January 1, 2026.
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      North Kingstown Retail/Office Space

      Prime retail/office space in North Kingstown business district.
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      7,330 SF

      North Kingstown Retail Building For Rent

      Freestanding, newly renovated retail building with garage near Quonset Business Park.
      6854 Post Rd, N Kingstown, RI 02852
      View Details
    • $2,995,000
      1.60 Acres

      North Kingstown Commercial Property For Sale

      Family-owned business and real estate on 1.6 acres available.
      6595 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Prime RI Industrial Property

      119,790 SF Land, 10,000 SF Building
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      Pending

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      Highly visible retail sites available on Post Road.
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    Similar Nearby for Lease

    • Contact for pricing
      800 SF

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      Retail space in renovated neighborhood center with excellent tenant mix.
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      Hunt River Commons Retail Space

      Prime RI Retail Space: 4,548 SF Available
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      View Details
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      11,000 SF

      Retail Space with High Traffic

      Retail space with prominent frontage and ample parking available for rent.
      104 Gate Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      3,665 SF

      Retail Space Near Business Park

      Retail space available near Quonset Business Park.
      118 Gate Rd, North Kingstown, RI 02852
      View Details
    • $15 SF/Yr
      24,602 SF

      North Kingstown Retail Center

      Prime Retail Space Available in RI
      1051 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      11,463 SF

      Walmart Anchored Retail Space

      Retail space in Walmart-anchored shopping center with high visibility.
      1007 Ten Rod Rd, North Kingstown, RI 02852
      View Details
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    234 Main St
    North Kingstown, RI 02852-5101
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    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
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