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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Industrial properties
33 Hopkins Hl Rd West Greenwich, RI 02817-1707
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0294786
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Total area
17,600 SF
Lot
6.01 ac (262,013 SF)
Zoning code
INDA
APN
WGRE M:003 B:0023 L:
UPID
US76-0294786
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
-
Smith's General Trucking Co Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.99M
Owner & transaction history
B & L Associates LLC · 3 yrs held
B & L Associates LLC
since 2023
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
INDA · West Greenwich, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
7; 7-11-2018; 12-12-2018; 12-11-2019; 2-16-2021; 9-8-2021; 1-4-2023; 2-15-2023; 12-13-2023; 4-10-2024; 2-12-2025; 12-10-2025] Use Category RFR-2 RFR-1 OSPL Neighborhood Business Highway Business Exit 7 (now Exit 21) SMD IND A IND B CZD SVD 0 RESIDENTIAL 01 Single-family P P X P P X X X X P 02 Two-family P** P** X X X X X X X P 03 Multifamily X X X X S X X X…
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
478.90 ac
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 West Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Greenwich 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
$1,985,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,110,000
Current use
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $1.50M (Jun 1 2023)
Last sale anchor
$1.50M
Jun 1 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
$113 / 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
$32,055
Tax year 2024
Assessed value
$1,349,700
Assessed 2024
Previous assessed
$1,176,300
+14.7% YoY
Effective rate
2.37%
On assessed value
Assessed land
$508,300
Assessed improvement
$841,400
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
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
17,600 SF
Lot
6.01 ac (262,013 SF)
Zoning code
INDA
APN
WGRE M:003 B:0023 L:
UPID
US76-0294786
Jurisdiction
WEST GREENWICH
Zoning & alternative use
INDA · West Greenwich, RIZoning INDA · permitted uses
INDA · West Greenwich, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
7; 7-11-2018; 12-12-2018; 12-11-2019; 2-16-2021; 9-8-2021; 1-4-2023; 2-15-2023; 12-13-2023; 4-10-2024; 2-12-2025; 12-10-2025] Use Category RFR-2 RFR-1 OSPL Neighborhood Business Highway Business Exit 7 (now Exit 21) SMD IND A IND B CZD SVD 0 RESIDENTIAL 01 Single-family P P X P P X X X X P 02 Two-family P** P** X X X X X X X P 03 Multifamily X X X X S X X X X P 04 Bed-and-breakfast S S X X X X X X X X 05 Hotels and motels X X X X S P X X P X
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
478.90 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
6.01 ac
Current owner
From public records · entity-resolved
B & L Associates LLC
Entity
Mailing address
33 HOPKINS HL RD, WEST GREENWICH, RI 02817-1707
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$1,500,000
B & L Associates LLC
Smiths General Trucking C
Warranty Deed
$1,450,000 · Smiths General Truck
May 6, 2014
—
Trucking Smiths
Smiths General Trucking
Quit Claim Deed
related
—
Oct 23, 2008
—
Trucking Smiths
—
Deed Of Trust
related
$950,000 · Centreville Savings Bank
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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