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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Showrooms
265 Putnam Pike Smithfield, RI 02917-2729
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0399556
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,567 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C
APN
SMIT M:35 B:000 L:025 U:
UPID
US76-0399556
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
-
Dtails Pet Grooming & Boutique Pet Grooming Service
-
GiGi's Scoops Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$500k
Owner & transaction history
Kj Prop LLC · 2 yrs held
Kj Prop LLC
since 2023
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
C · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$490,000
+43.2%
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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
$525,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$345,000
Current use
OFFICE BUILDING
$490,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Aug 11 2023)
Last sale anchor
$500k
Aug 11 2023
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
$195 / 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
$7,121
Tax year 2023
Assessed value
$370,900
Assessed 2023
Previous assessed
$370,900
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$142,600
Assessed improvement
$228,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
2,567 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C
APN
SMIT M:35 B:000 L:025 U:
UPID
US76-0399556
Jurisdiction
SMITHFIELD
Zoning & alternative use
C · Smithfield, RI
Zoning C · permitted uses
C · Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$345,000
OFFICE BUILDING
Est. value
$490,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kj Prop LLC
Entity
Mailing address
265 PUTNAM PIKE, SMITHFIELD, RI 02917-2729
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$500,000
Kj Prop LLC
Elmwood Realty LLC
Warranty Deed
$250,000 · Navigant Credit Union
Aug 11, 2023
—
Kj Properties LLC
—
Deed
related
$208,000 · Ocean State Business Development Auth
Jun 8, 2016
—
Jeffrey Butler
Bulter,jeffrey
Quit Claim Deed
related
—
May 17, 2012
—
Benter LLC
—
Deed Of Trust
related
$54,000 · Capdan Italian Gourmet Shop INC
Jun 12, 2006
$420,000
Get Off My Properties LLC
Gold,howard S
Grant Deed
$380,000 · Howard S Gold
Jun 12, 2006
—
Get Off My Prop LLC
—
Deed Of Trust
related
$45,000 · Jeffrey Butler
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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