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Property profile & analytics
OFF-MARKET
Estimated value
$8,050,000
Showrooms
303 Rhodes Ave Woonsocket, RI 02895-2821
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0222147
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,966 SF
Lot
5.08 ac (221,459 SF)
Zoning code
R2
APN
WOON M:1B L:12 U:103
UPID
US76-0222147
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
-
Career and Technical Center Vocational School Training Center
-
The Friendly Home Inc Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.05M
CAP Approach
CAP
$7.81M
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$8.05M
Owner & transaction history
Friendly Eden Realty LLC · 2 yrs held
Friendly Eden Realty LLC
since 2024
Last sale
$8.1M
4 recorded transactions
Zoning & alternative use
R2 · Woonsocket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.2M
+61.0%
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 Woonsocket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woonsocket 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
$8,050,000
ML approach
$8,050,000
CAP Approach
CAP Return
Estimation
6%
$8,460,000
6.5%
$7,810,000
7%
$7,250,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,110,000
Current use
OFFICE BUILDING
$8,225,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±10% · vs last sale $8.05M (Feb 14 2024)
Last sale anchor
$8.05M
Feb 14 2024
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
$187 / 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
$85,314
Tax year 2023
Assessed value
$3,288,900
Assessed 2023
Previous assessed
$3,288,900
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$551,400
Assessed improvement
$2,737,500
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
126
Bathrooms
33
Total area
42,966 SF
Lot
5.08 ac (221,459 SF)
Zoning code
R2
APN
WOON M:1B L:12 U:103
UPID
US76-0222147
Jurisdiction
WOONSOCKET
Zoning & alternative use
R2 · Woonsocket, RI
Zoning R2 · permitted uses
R2 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woonsocket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
OFFICE BUILDING
Est. value
$8.2M
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
126
Bathrooms
33
Lot
5.08 ac
Current owner
From public records · entity-resolved
Friendly Eden Realty LLC
Entity
Mailing address
303 RHODES AVE, WOONSOCKET, RI 02895-2821
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
Friendly Eden Relaty LLC
—
Deed
related
$2,000,000 · Friendly Assoc L P
Feb 14, 2024
$8,050,000
Friendly Eden Realty LLC
Friendly Associates LP
Warranty Deed
$9,600,000 · Optimumbank
May 22, 2012
—
Friendly Assoc
—
Deed Of Trust
related
$4,490,500 · Cw Capital
Dec 22, 2003
—
Friendly Assoc
—
Deed Of Trust
related
$4,490,500 · Cw Capital LLC
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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