Entity Owned 
For Lease
1 / 27
$670,000
292 E School St, Woonsocket, RI 02895
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Property summary
AI-generated overview
The property at 292 East School Street is an industrial building designed for flexible occupancy and potential lease use, offering a total space range of approximately 9,000 to 60,000 square feet and the ability to be subdivided. The first-floor rear contains about 12,000 square feet and includes four loading doors plus one ground-level bay door. The first-floor front provides about 9,000 square feet of accessible space. The second floor and third floor each offer approximately 20,000 square feet, with two loading docks at the front that connect to the second floor. The building has a ceiling height of about 12 feet and includes multiple loading features intended to support logistics operations. It is positioned with convenient access to major transportation routes, and the configuration is suitable for industrial uses such as light manufacturing, warehousing, or distribution.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,477 SF
Lot
1.73 ac (75,359 SF)
Zoning code
I1
APN
WOON M:20B L:61 U:27
UPID
US76-0346632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Waste Management Facility Hazardous Waste Disposal
-
Building Supply
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
since 2024
Last sale
$571,442
4 recorded transactions
Zoning & alternative use
I1 · Woonsocket, RI
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$670k
Value range
$603k – $737k
±10% around blend
Estimated value / SF
$10 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
Income certainty
100
$603k
blend $670k
$737k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,477 SF
Lot area
1.73 ac
Year built
1904
Stories
3
APN
WOON M:20B L:61 U:27
Zoning
I1
Assessed value
$304,400
Annual tax
$8,213
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,213
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.22M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.9 mi away · 76,784 SF
17.8 mi away · 49,629 SF
20.0 mi away · 69,192 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$670k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 277 sales
$83
-88%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $10/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
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.47M
Move the market yield to see immediate price impact.
Value / SF
$66
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
5.00%7.00%9.00%
$282k
$5.64M
$4.03M
$3.13M
$313k
$6.26M
$4.47M
$3.48M
$344k
$6.89M
$4.92M
$3.83M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$5.00M
11.6 mi · Jan 2026 · $105/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,213
Tax year 2024
Assessed value
$304,400
Assessed 2024
Previous assessed
$304,400
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$105,300
Assessed improvement
$199,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
3
Units
1
Bathrooms
1
Total area
67,477 SF
Lot
1.73 ac (75,359 SF)
Zoning code
I1
APN
WOON M:20B L:61 U:27
UPID
US76-0346632
Jurisdiction
WOONSOCKET
Zoning & alternative use
I1 · Woonsocket, RIZoning I1 · permitted uses
I1 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Buildings
1
Units
1
Bathrooms
1
Lot
1.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I1
Jurisdiction
Woonsocket, RI
Recorded code
I1
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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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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