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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Showrooms
29 Smith Ave Greenville, RI 02828-1726
Individually Owned
4-yr Hold
Free & Clear
Property ID
US76-0160238
Property summary
AI-generated overview
This 725-square-foot office suite, located at 29 Smith Ave in Smithfield, RI 02828, is available for lease. Situated in a Class C building constructed in 1989 and renovated in 2020, this single-tenant space offers a versatile layout ideal for various professional uses. The suite boasts two large offices, a private bathroom, a dedicated waiting area, and a private entrance, ensuring privacy and convenience. Ample parking is available with 16 total spaces. The property features gas heating and central air conditioning for year-round comfort. Its convenient location off Route 44 provides easy access to nearby shopping centers. The suite is perfect for businesses such as accounting, real estate, insurance, or creative professionals. The space is in a two-story building and does not include elevators. The monthly rent is $1,000 plus utilities. The property is categorized as a Traditional Office, Creative Office, and Coworking space within the Providence, Providence County submarket, specifically the Smithfield, Providence, Route 44 cluster.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
FRAME
Total area
4,356 SF
Lot
0.3 ac (13,068 SF)
Zoning code
V
APN
SMIT M:06 B:000 L:162 U:
UPID
US76-0160238
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
-
Capital Architectural Design Architect
-
Hope Counseling Services Family Counselor
-
Lenore Heaney Counselor
-
Lash Me Out & Beauty Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$413k
Blend (final)
Blend
$530k
Owner & transaction history
Sow Grow&level Up Inv · 4 yrs held
Sow Grow&level Up Inv
since 2021
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
V · Greenville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+50.2%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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
$585,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
OFFICE BUILDING
$835,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Jul 28 2021)
Last sale anchor
$500k
Jul 28 2021
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
$122 / 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
$8,865
Tax year 2023
Assessed value
$461,700
Assessed 2023
Previous assessed
$461,700
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$157,500
Assessed improvement
$304,200
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
4,356 SF
Lot
0.3 ac (13,068 SF)
Zoning code
V
APN
SMIT M:06 B:000 L:162 U:
UPID
US76-0160238
Jurisdiction
SMITHFIELD
Zoning & alternative use
V · Greenville, RI
Zoning V · permitted uses
V · Greenville, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$835,000
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Sow Grow&level Up Inv
Individual
Free & Clear · 4 yrs held
Mailing address
29 SMITH AVE, GREENVILLE, RI 02828-1726
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
$500,000
Sow Grow&level Up Inv
Jmp Investments LLC
Warranty Deed
—
Sep 6, 2005
$485,000
Joseph Polisena
Kershner Realty LLC
Grant Deed
—
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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