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Property profile & analytics
OFF-MARKET
Estimated value
$8,630,000
Industrial properties
275 Ferris Ave Rumford, RI 02916-1047
Entity Owned
4-yr Hold
Free & Clear
Property ID
US76-0061240
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
301,546 SF
Lot
21.61 ac (941,332 SF)
Zoning code
I2
APN
EPRO M:502 B:05 L:003 U:
UPID
US76-0061240
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
-
Ferris Avenue Realty LLC Property Management Company
-
Inferno Wood Pellet Inc Hardware & Home Improvement
-
Mountain of Fire and Miracles Minitries Providence Pavilion of Praise RI Church Mosque
-
Mountain of Fire and Miracles Ministries - Home Church Mosque
-
PCL Fixtures Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.63M
Owner & transaction history
Igus Bearings INC · 4 yrs held
Igus Bearings INC
since 2022
Last sale
$8.4M
3 recorded transactions
Zoning & alternative use
I2 · 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
$9,220,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.63M
Range $7.77M – $9.49M · ±10% · vs last sale $8.40M (Apr 22 2022)
Last sale anchor
$8.40M
Apr 22 2022
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
$29 / 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
$192,023
Tax year 2024
Assessed value
$8,027,700
Assessed 2024
Previous assessed
$8,027,700
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$3,203,200
Assessed improvement
$4,824,500
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
8
Rooms
20
Bathrooms
3
Total area
301,546 SF
Lot
21.61 ac (941,332 SF)
Zoning code
I2
APN
EPRO M:502 B:05 L:003 U:
UPID
US76-0061240
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
I2 · Rumford, RIZoning I2 · permitted uses
I2 · Rumford, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
8
Rooms
20
Bathrooms
3
Lot
21.61 ac
Current owner
From public records · entity-resolved
Igus Bearings INC
Entity
Free & Clear · 4 yrs held
Mailing address
275 FERRIS AVE, RUMFORD, RI 02916-1047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$8,400,000
Igus Bearings INC
Aarjus 4 LLC
Quit Claim Arm's Length For Ne States
—
Apr 3, 2017
$650,000
Igus Bearings INC
Aarjus 4 LLC
Quit Claim Deed
related
—
Apr 6, 2015
$3,300,000
Aarjus 4 LLC
Ferris Avenue Realty L
Warranty Deed
$2,640,000 · United Bank
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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