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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Industrial properties
240 Bald Hl Rd Warwick, RI 02886-1126
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0031718
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,400 SF
Lot
1.86 ac (81,022 SF)
Zoning code
LI
APN
WARW M:273 B:0060 L:0000
UPID
US76-0031718
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
-
SquadLocker (Bike/Boat/Book/etc) Store
-
Sheer curtains General Contractor
-
CleanBrands LLC Furniture & Home Goods Home Decor Store
-
C T M LLC General Contractor
-
Michael John Creations Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.10M
Owner & transaction history
Cobble Hill Dev LLC · 1 yrs held
Cobble Hill Dev LLC
since 2025
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
LI · Warwick, 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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,435,000
6.5%
$2,250,000
7%
$2,085,000
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $1.85M (Nov 13 2024)
Last sale anchor
$1.85M
Nov 13 2024
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
$67 / 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
$42,457
Tax year 2023
Assessed value
$1,709,900
Assessed 2023
Previous assessed
$1,553,700
+10.1% YoY
Effective rate
2.48%
On assessed value
Assessed land
$559,100
Assessed improvement
$1,150,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
31,400 SF
Lot
1.86 ac (81,022 SF)
Zoning code
LI
APN
WARW M:273 B:0060 L:0000
UPID
US76-0031718
Jurisdiction
WARWICK
Zoning & alternative use
LI · Warwick, RI
Zoning LI · permitted uses
LI · Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Cobble Hill Dev LLC
Entity
Mailing address
240 BALD HL RD, WARWICK, RI 02886-1126
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$1,850,000
Cobble Hill Dev LLC
240 Bald Hill Assoc LLC
Warranty Deed
$1,480,000 · Bank Rhode Island
Jun 27, 2013
—
240 Bald Hill Assoc
—
Deed Of Trust
related
$858,000 · Ocean State Development INC
Aug 28, 2012
$1,550,000
240 Bald Hill Assoc LLC
Michael-john Gianna Rlty
Grant Deed
$1,873,522 · Webster Bank
Nov 9, 2009
$1,200,000
Gianna Michael John Rl
Reylea French LLC
Deed
$612,500 · Bank Of Rhode Island
Aug 19, 1999
$417,500
Reylea French LLC
Picerne,jeanne P
Grant 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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