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Property profile & analytics
OFF-MARKET
Commercial real estate
251 Fairgrounds Rd, West Kingston, RI 02892-1512
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US76-0075840
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.52 ac (153,331 SF)
Zoning code
IND1
APN
SKIN P:022-1 L:000010
UPID
US76-0075840
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Arnold Family LP · 12 yrs held
Arnold Family LP
since 2014
5 recorded transactions
Zoning & alternative use
IND1 · West Kingston, 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 West Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Kingston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$34,673
Tax year 2024
Assessed value
$3,137,800
Assessed 2024
Previous assessed
$3,137,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$705,400
Assessed improvement
$2,432,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
4
Units
1
Lot
3.52 ac (153,331 SF)
Zoning code
IND1
APN
SKIN P:022-1 L:000010
UPID
US76-0075840
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
IND1 · West Kingston, RI
Zoning IND1 · permitted uses
IND1 · West Kingston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Kingston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
4
Units
1
Lot
3.52 ac
Current owner
From public records · entity-resolved
Arnold Family LP
Entity
Mailing address
PO BOX 217, WEST KINGSTON, RI 02892-0217
Ownership since
2014
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
Jan 22, 2014
—
Arnold Family LP
—
Grant Deed
related
$13,550,000 · Rockland Tr
Nov 7, 2007
—
Arnold Family LP
—
Deed Of Trust
related
$3,500,000 · Rockland Trust Co
Sep 24, 2002
—
Arthur P Arnold JR.
—
Deed Of Trust
related
$1,521,000 · Rockland Trust Co
Oct 2, 2001
—
Arthur P Arnold JR.
—
Deed Of Trust
related
$1,200,000 · Rockland Trust Co
—
—
Arnold Fam
—
Deed Of Trust
related
$30,000 · Rockland Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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