Entity Owned 
For Sale
$325,000
37 Mill Rd, Foster, RI 02825
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Property summary
AI-generated overview
The property consists of 4.63 acres of land suitable for a combination of commercial and residential uses. An approximately 1,800-square-foot masonry building is located on-site. The property is configured as an as-is site, and further due diligence is required to confirm suitability for any intended use.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
1,490 SF
Lot
33 ac (1,437,480 SF)
Zoning code
30
APN
FOST P:12 L:0071
UPID
US76-0344339
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
since 2013
2 recorded transactions
Zoning & alternative use
30 · Foster, RI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 36 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$198 / SF
Confidence
High
36 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,490 SF
Lot area
33 ac
Year built
1950
Stories
1
APN
FOST P:12 L:0071
Zoning
30
Assessed value
$269,800
Annual tax
$5,620
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,620
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$377k
Weighted, 20 comps · high confidence
Evidence
36 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.2 mi away · 1,616 SF
9.9 mi away · 1,904 SF
10.2 mi away · 1,211 SF
11.2 mi away · 1,800 SF
11.7 mi away · 1,480 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1487 sales
$146
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $198/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 36 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
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Overview
Selected market yield
6.54%
Selected cap rate for this other investment properties
Derived from the Foster market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.54%
9.0%
NOI (est.)
$21k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$325k
Move the market yield to see immediate price impact.
Value / SF
$218
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.04%6.54%7.04%
$19k
$317k
$293k
$272k
$21k
$352k
$325k
$302k
$23k
$387k
$358k
$332k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
36 found
High confidence · county-verified
Closest comparable
$180k
2.4 mi · Sep 2025 · $125/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,620
Tax year 2024
Assessed value
$269,800
Assessed 2024
Previous assessed
$249,800
+8.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$201,700
Assessed improvement
$68,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1950
Heating
OIL
Buildings
2
Stories
1
Total area
1,490 SF
Lot
33 ac (1,437,480 SF)
Zoning code
30
APN
FOST P:12 L:0071
UPID
US76-0344339
Jurisdiction
FOSTER
Zoning & alternative use
30 · Foster, RIZoning 30 · permitted uses
30 · Foster, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Heating
OIL
Stories
1
Buildings
2
Lot
33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
30
Jurisdiction
Foster, RI
Recorded code
30
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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