28 Columbia St South Kingstown, RI 02879-3210
Entity Owned
3-yr Hold
Free & Clear
Estimated value (blended)
$610k
Range $549k – $671k (±10%)
Implied cap rate
7.90%
In-place · NOI ÷ last sale
Property ID
US76-0117728
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1880
Construction
FRAME
Total area
4,749 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CN
APN
SKIN P:057-1 L:000043
UPID
US76-0117728
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$610k
Owner & transaction history
since 2023
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
CN · South Kingstown, RI
Zoning description
40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DISTRICT RM All Other Permitted Uses, including Two-Household Detached Structure 10,000 70 30% 35 15 25 25 10 20 10 10 ZONING DISTRICT…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 27 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$610k
Value range
$549k – $671k
±10% around blend
Estimated value / SF
$128 / SF
Confidence
High
27 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$549k
blend $610k
$671k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,749 SF
Lot area
0.31 ac
Year built
1880
Stories
2
APN
SKIN P:057-1 L:000043
Assessed value
$538,600
Annual tax
$5,952
3
Income approach: direct capitalization
Partial preview
Income approach indication
$740k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$800k
@ 6.5% CAP return
$740k
@ 7% CAP return
$685k
4
Sales comparison
Partial preview
Sales approach indication
$942k
Weighted, 20 comps · high confidence
Evidence
27 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 4,423 SF
10.4 mi away · 6,073 SF
12.1 mi away · 4,355 SF
13.0 mi away · 4,560 SF
13.5 mi away · 3,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$610k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$188
-32%
Submarket 35 sales
$197
-35%
County 234 sales
$205
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $128/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 27 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
7.90%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$46k *
Last sale · Jan 2023
$650k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$576k
Move the market yield to see immediate price impact.
Value / SF
$121
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$41k
$553k
$518k
$487k
$46k
$615k
$576k
$542k
$50k
$676k
$634k
$596k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
27 found
High confidence · county-verified
Closest comparable
$1.65M
0.5 mi · Jan 2026 · $289/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,952
Tax year 2024
Assessed value
$538,600
Assessed 2024
Previous assessed
$538,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$93,900
Assessed improvement
$444,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Total area
4,749 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CN
APN
SKIN P:057-1 L:000043
UPID
US76-0117728
Jurisdiction
SOUTH KINGSTOWN
Zoning & alternative use
CN · South Kingstown, RIZoning CN · permitted uses
CN · South Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
40 40 40 30 40 10 10 Multi-Household: Structure and Land Development Project SAME AS DISTRICT RM All Other Permitted Uses, including Two-Household Detached Structure 10,000 70 30% 35 15 25 25 10 20 10 10 ZONING DISTRICT…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CN
MIXED_USE
Jurisdiction
South Kingstown, RI
Recorded code
CN
Official district
CN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CN in South Kingstown, RI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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