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Property profile & analytics
OFF-MARKET
Estimated value
$9,785,000
Industrial properties
35 Martin St Cumberland, RI 02864-5361
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0303345
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
STEEL FRAME
Total area
267,498 SF
Lot
13.77 ac (599,821 SF)
Zoning code
I-1
APN
CUMB M:034 B:0100 L:000
UPID
US76-0303345
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$9.79M
Owner & transaction history
35 Martin Owner LP · 5 yrs held
35 Martin Owner LP
since 2021
4 recorded transactions
Zoning & alternative use
I-1 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not pose toxic, explosive or environmental hazard in the Town, and office uses.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
757.06 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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.79M
Range $8.81M – $10.76M · ±10%
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
$37 / 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
$91,020
Tax year 2024
Assessed value
$7,616,700
Assessed 2024
Previous assessed
$7,616,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,004,900
Assessed improvement
$5,611,800
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
1960
Construction
STEEL FRAME
Heating
OIL
Cooling
YES
Buildings
1
Stories
1
Total area
267,498 SF
Lot
13.77 ac (599,821 SF)
Zoning code
I-1
APN
CUMB M:034 B:0100 L:000
UPID
US76-0303345
Jurisdiction
CUMBERLAND
Zoning & alternative use
I-1 · Cumberland, RIZoning I-1 · permitted uses
I-1 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not pose toxic, explosive or environmental hazard in the Town, and office uses.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
757.06 ac
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
OIL
Cooling
Yes
Stories
1
Buildings
1
Lot
13.77 ac
Current owner
From public records · entity-resolved
35 Martin Owner LP
Entity
Mailing address
2703 JENNER DR APT F, BALTIMORE, MD 21209-3044
Ownership since
2021
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
Aug 3, 2021
$10,500,000
35 Martin Owner LP
35 Martin Street LLC
Deed
$7,020,000 · Harborone Bank
Mar 15, 2019
—
Dean Dev LLC
35 Martin St LLC
Quit Claim Deed
related
—
Aug 29, 2016
$5,500,000
35 Martin St LLC
Berkeley Acquisition Corp
Correction Deed
related
—
Nov 25, 2015
—
35 Martin St LLC
Berkeley Acquisition Corp
Quit Claim Deed
related
—
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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