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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Showrooms
357 Putnam Pike Smithfield, RI 02917-2703
Entity Owned
1-yr Hold
Free & Clear
Property ID
US76-0415971
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,445 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C
APN
SMIT M:35 B:000 L:020 U:
UPID
US76-0415971
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
-
Lovely Lash Hair Salon Nail Salon
-
Sharon R Doolittle DVM Inc Veterinary Clinic
-
Alltown Real Estate Real Estate Agency
-
Andre D Agent/Realtor Real Estate Agency
-
B.Medeiros Photography & Design Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$670k
Owner & transaction history
357 Putnam Pike LLC · 1 yrs held
357 Putnam Pike LLC
since 2025
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
C · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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
$665,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $675k (Mar 7 2025)
Last sale anchor
$675k
Mar 7 2025
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
$79 / 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
$9,708
Tax year 2023
Assessed value
$505,600
Assessed 2023
Previous assessed
$505,600
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$182,000
Assessed improvement
$323,600
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
9
Total area
8,445 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C
APN
SMIT M:35 B:000 L:020 U:
UPID
US76-0415971
Jurisdiction
SMITHFIELD
Zoning & alternative use
C · Smithfield, RI
Zoning C · permitted uses
C · Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
9
Lot
0.38 ac
Current owner
From public records · entity-resolved
357 Putnam Pike LLC
Entity
Free & Clear · 1 yrs held
Mailing address
90 ORCH MDWS DR, SMITHFIELD, RI 02917-1846
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$675,000
357 Putnam Pike LLC
Putnam Grp LLC
Warranty Deed
—
Sep 2, 2010
$1
357 Putnam Pike LLC
Laposta,mario
Grant Deed
—
Sep 2, 2010
$100,000
Mario Laposta
Kay Bean LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 9, 2008
$650,000
Investment Rlty Fndg INC
Coastal Property LLC
Warranty Deed
—
Sep 18, 2007
—
Coastal Properties LLC
—
Deed Of Trust
related
$100,000 · Worth Funding INC
Jan 17, 2006
$558,000
Kay Bean LLC
Laposta,mario
Grant Deed
$500,000 · Mario Laposta
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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