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

    251 Franklin St Bristol, RI 02809-3807

    • Industrial properties
    • 15,120 SF
    • 6.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0397132
    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

    • Apache Automotive / Auto Body Shop / Auto Electrical Service

    Property Details for 251 Franklin St

    Year built
    2006
    Lot size
    6.94 lot acres
    Property size
    15,120 SF
    Zone code
    M
    Property type
    Industrial properties
    APN
    BRIS M:37 L:2
    APU
    BRISM37L2

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,434,000
      Market price range: $466k - $1.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,250,000
      RESTAURANT
      $2,065,000
      COMMERCIAL (GENERAL)
      $1,670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2661
    Latitude
    41.6768
    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
    2023
    $66,608
    $324,300
    $4,661,300
    $4,985,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,580,000
      68,144 SF

      33 Broadcommon Rd

      INDUSTRIAL (GENERAL) • 68,144 SF
      33 Broadcommon Rd, Bristol, RI 02809-2769
      View Details
    • Value Estimation
      $740,000
      7,500 SF

      11 Broadcommon Rd

      INDUSTRIAL (GENERAL) • 7,500 SF
      11 Broadcommon Rd, Bristol, RI 02809-2758
      View Details
    • Value Estimation
      $735,000
      17,391 SF

      71 Broadcommon Rd

      INDUSTRIAL (GENERAL) • 17,391 SF
      71 Broadcommon Rd, Bristol, RI 02809-2730
      View Details
    • Value Estimation
      $1,775,000
      23,217 SF

      280 Franklin St

      INDUSTRIAL (GENERAL) • 23,217 SF
      280 Franklin St, Bristol, RI 02809-3801
      View Details
    • Value Estimation
      $1,275,000
      38,635 SF

      4 Minturn Farm Rd

      INDUSTRIAL (GENERAL) • 38,635 SF
      4 Minturn Farm Rd, Bristol, RI 02809-4073
      View Details
    • Value Estimation
      $3,400,000
      87,720 SF

      3 Minturn Farm Rd

      INDUSTRIAL (GENERAL) • 87,720 SF
      3 Minturn Farm Rd, Bristol, RI 02809-4072
      View Details

    Similar Nearby for Sale

    • $1,995,000
      0.33 Acres

      Waterfront Commercial Building in Bristol

      Three-unit commercial building with restaurant tenants and warehouse space.
      382 Thames St, Bristol, RI 02809
      View Details
    • $1,350,000
      6,000 SF

      Modern Flex Space in Bristol

      Commercial park with flexible spaces for tradesmen, artisans, craftsmen.
      75 Tupelo St, Bristol, RI 02809
      View Details
    • $1,995,000

      Waterfront District Investment Opportunity

      Free-standing building with three units in a high-traffic downtown location.
      382 Thames St, Bristol, RI 02809
      View Details
    • Contact for pricing
      0.60 Acres

      Downtown Bristol Office Space Available

      Office spaces in downtown Bristol, RI with utilities included.
      399 Hope St, Bristol, RI 02809
      View Details
    • $3,250,000

      Bristol Restaurant/Mixed-Use Opportunity

      Restaurant with banquet rooms or mixed-use development potential near university.
      383 Metacom Ave, Bristol, RI 02809
      View Details
    • New
      $565,000
      0.29 Acres

      Well-Maintained Two-Family Home in Bristol

      Two-family home in Bristol with income potential and extra land.
      293 State St, Bristol, RI 02809
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      20,000 SF

      Modern Manufacturing Warehouse Space

      Class A warehouse and manufacturing facility built in 2008.
      33 Broadcommon Rd, Bristol, RI 02809
      View Details
    • $12 SF/Yr
      10,560 SF

      Updated Industrial Space Available

      5,325 SF industrial space with high ceilings and large door.
      55 Ballou Blvd, Bristol, RI 02809
      View Details
    • $9 SF/Yr
      22,280 SF

      East Bay Industrial Space

      Industrial space for lease in Bristol, Rhode Island.
      66 Tupelo St, Bristol, RI 02809
      View Details
    • Contact for pricing
      3,000 SF

      Prime Retail Space Available

      Retail space in East Bay's best location for rent.
      576 Metacom Ave, Bristol, RI 02809
      View Details
    • $14 SF/Yr
      80,000 SF

      Bristol Shopping Center Opportunity

      Prime RI Retail Space Available
      6-40 Gooding Ave, Bristol, RI 02809
      View Details
    • $1.58 SF/Yr

      Downtown Bristol Office Space Available

      Newly painted offices in downtown Bristol with utilities included.
      399 Hope St, Bristol, RI 02809
      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.
    251 Franklin St
    Bristol, RI 02809-3807
    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.