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Property profile & analytics
FOR LEASE
Showrooms
35 East Ave Burrillville, RI 02830
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0336489
For Lease
1 / 3
$15 SF/Yr
35 East Ave, Burrillville, RI 02830
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
FRAME
Total area
6,050 SF
Lot
0.54 ac (23,653 SF)
Zoning code
VCVP
APN
BURR M:160 L:079
UPID
US76-0336489
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
-
Waterfall Cafe & Martini Bar Bar & Pub Restaurant
-
Enchanting Reiki with Jenn Alternative Medicine Practice
-
Signature Salon & Barber (Harrisville) Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$885k
Owner & transaction history
Blue Squadron Group LLC · 3 yrs held
Blue Squadron Group LLC
since 2022
Last sale
$945,000
5 recorded transactions
Zoning & alternative use
VCVP · Burrillville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+30.7%
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 Burrillville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burrillville 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
$885,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Current use
OFFICE BUILDING
$1,160,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $945k (Oct 12 2022)
Last sale anchor
$945k
Oct 12 2022
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
$146 / 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
$7,993
Tax year 2024
Assessed value
$533,600
Assessed 2024
Previous assessed
$531,600
+0.4% YoY
Effective rate
1.50%
On assessed value
Assessed land
$86,300
Assessed improvement
$447,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1930
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
1
Total area
6,050 SF
Lot
0.54 ac (23,653 SF)
Zoning code
VCVP
APN
BURR M:160 L:079
UPID
US76-0336489
Jurisdiction
BURRILLVILLE
Zoning & alternative use
VCVP · Burrillville, RIZoning VCVP · permitted uses
VCVP · Burrillville, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$885,000
OFFICE BUILDING
Est. value
$1.2M
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
1930
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Blue Squadron Group LLC
Entity
Mailing address
400 PUTNAM PIKE STE J, SMITHFIELD, RI 02917-2461
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
$945,000
Blue Squadron Group LLC
Waterfall Realty LLC
Warranty Deed
$708,750 · Banknewport
Feb 1, 2010
$415,000
Waterfall Realty LLC
Bruce E Monfils
Deed
$332,000 · Bank Of Rhode Island
Feb 12, 2007
—
Bruce Monfils
—
Deed Of Trust
related
$411,070 · First Community Bank
Mar 29, 2004
—
Bruce Monfils
—
Deed Of Trust
related
$249,000 · Domestic Bank
—
—
Waterfall Realty LLC
—
Deed Of Trust
related
$350,000 · Bank Of Newport
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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