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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Industrial properties
3 Crownmark Dr Lincoln, RI 02865-4403
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0371570
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
32,472 SF
Lot
2.7 ac (117,612 SF)
Zoning code
MG05
APN
LINC M:28 L:145.0 U:
UPID
US76-0371570
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$4.39M
Owner & transaction history
Store Master Funding Xix · 3 yrs held
Store Master Funding Xix
since 2023
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
MG05 · Lincoln, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+130.8%
Commercial (general)
$4.3M
+60.6%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$4,640,000
ML approach
$4,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,695,000
Current use
OFFICE BUILDING
$6,215,000
Change: +131% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,325,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.30M (Apr 19 2023)
Last sale anchor
$4.30M
Apr 19 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
$135 / 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
$45,854
Tax year 2024
Assessed value
$1,761,600
Assessed 2024
Previous assessed
$1,761,600
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$152,600
Assessed improvement
$1,609,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Total area
32,472 SF
Lot
2.7 ac (117,612 SF)
Zoning code
MG05
APN
LINC M:28 L:145.0 U:
UPID
US76-0371570
Jurisdiction
LINCOLN
Zoning & alternative use
MG05 · Lincoln, RI
Zoning MG05 · permitted uses
MG05 · Lincoln, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1983
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Store Master Funding Xix
Individual
Mailing address
3 CROWNMARK DR, LINCOLN, RI 02865-4403
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$4,300,000
Store Master Funding Xix
Hvi Lin Realty INC
Warranty Deed
$4,300,000 · Citibank NA
Jun 22, 2022
$4,300,000
Hvi Lin Realty INC
Crownmark Hls Partners
Quit Claim Arm's Length For Ne States
—
May 26, 2021
—
Crownmark Hls Partners
—
Deed
related
$1,500,000 · Bank Rhode Island
Jun 29, 2017
$1,500,000
Crownmark Hills Partne
Crownmark Partners LLC
Warranty Deed
$1,225,000 · Webster Bank
Oct 7, 2013
$380,000
Crownmark Partners LLC
Hometown 2007
Quit Claim Deed
—
Apr 10, 2012
$1,500,000
Pnc Bank
Frip LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 29, 2011
$9,812
Frip LLC
Lime Rock Fire District
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Mar 12, 2007
—
Frip LLC
—
Deed Of Trust
related
$3,160 · Hometown Comm Cap LLC
Aug 4, 2006
$1,300,000
Mark 3 Lincoln Crown
Dds Re Dev
Grant Deed
—
Aug 4, 2006
$3,700,000
Frip LLC
Crown Mark 3 Lincoln
Deed
$3,000,000 · Westfield Bank
Aug 4, 2006
$1
Crown Mark 3 Lincoln INC
Dds Re Dev INC
Grant Deed
—
May 11, 1992
$500,000
Real Estate Dev Dds
Ews Realty Corp
Grant Deed
$275,000 · Citizens Savings Bank Providen
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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