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Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
Industrial properties
261 Narragansett Park Dr Rumford, RI 02916-1043
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0388623
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,292 SF
Lot
5.26 ac (229,126 SF)
Zoning code
I3
APN
EPRO M:501 B:01 L:020 U:
UPID
US76-0388623
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
-
Kaufman Sales Big Box & Wholesale Store
-
A M Source Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.12M
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
$5.52M
Blend (final)
Blend
$4.12M
Owner & transaction history
Dcb 261 Npd LLC · 1 yrs held
Dcb 261 Npd LLC
since 2024
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
I3 · Rumford, 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 Rumford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rumford 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
$4,120,000
ML approach
$4,120,000
CAP Approach
CAP Return
Estimation
6%
$4,285,000
6.5%
$3,955,000
7%
$3,675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,090,000
Current use
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±10% · vs last sale $4.12M (Sep 5 2024)
Last sale anchor
$4.12M
Sep 5 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
$84 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$62,957
Tax year 2024
Assessed value
$2,632,000
Assessed 2024
Previous assessed
$2,632,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,085,200
Assessed improvement
$1,546,800
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
15
Bathrooms
3
Total area
49,292 SF
Lot
5.26 ac (229,126 SF)
Zoning code
I3
APN
EPRO M:501 B:01 L:020 U:
UPID
US76-0388623
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
I3 · Rumford, RIZoning I3 · permitted uses
I3 · Rumford, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
15
Bathrooms
3
Lot
5.26 ac
Current owner
From public records · entity-resolved
Dcb 261 Npd LLC
Entity
Mailing address
261 NARRAGANSETT PARK DR, RUMFORD, RI 02916-1043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 5, 2024
$4,118,675
Dcb 261 Npd LLC
Marc A Greenfield
Quit Claim Arm's Length For Ne States
$3,500,000 · Bank Of America NA
Sep 4, 2024
—
Marc A Greenfield
One Ship St LLC
Quit Claim Deed
related
—
Oct 4, 2016
—
Oneship Street LLC
—
Deed
related
$600,000 · Coastway Commercial Bank
Aug 15, 2016
$2,775
1 Dhip Street LLC
Kkh LLC
Warranty Deed
—
May 4, 1990
—
Narragansett Realty
—
Deed Of Trust
related
$500,000 · Misc Other
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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