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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Industrial properties
386 Dry Brg Rd, North Kingstown, RI 02852-5209
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0065724
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
STEEL FRAME
Total area
8,978 SF
Lot
2.09 ac (91,040 SF)
Zoning code
LI
APN
NKIN M:079 B:046
UPID
US76-0065724
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
-
Tupelo Design Studio Landscaping (Bike/Boat/Book/etc) Store
-
DiStefano Brothers Concrete Coatings, Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$950k
Owner & transaction history
386 Dry Brg Commerce Pk · 4 yrs held
386 Dry Brg Commerce Pk
since 2022
Last sale
$972,500
5 recorded transactions
Zoning & alternative use
LI · North Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+9.8%
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 North Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Kingstown 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
$1,085,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,435,000
Current use
OFFICE BUILDING
$1,570,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $973k (Jan 18 2022)
Last sale anchor
$973k
Jan 18 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
$106 / 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
$9,597
Tax year 2024
Assessed value
$589,500
Assessed 2024
Previous assessed
$589,500
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$132,700
Assessed improvement
$456,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
8,978 SF
Lot
2.09 ac (91,040 SF)
Zoning code
LI
APN
NKIN M:079 B:046
UPID
US76-0065724
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
LI · North Kingstown, RI
Zoning LI · permitted uses
LI · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Kingstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
2.09 ac
Current owner
From public records · entity-resolved
386 Dry Brg Commerce Pk
Individual
Mailing address
386 PO BOX 3808TH RD, JUPITER, FL 33469-1013
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
Jan 18, 2022
$972,500
386 Dry Brg Commerce Pk
R&s Gardner Realty LLC
Warranty Deed
$980,532 · Dry Bridge Commerce
Jan 17, 2008
$200,000
R&s Gardner Realty LLC
Struzik,joan L
Grant Deed
—
Jan 16, 2008
—
R&s Gardner Realty
—
Grant Deed
related
$600,000 · Washington Trust Co
Jan 21, 1999
—
Richard R Nooney
—
Deed Of Trust
related
$200,000 · Fleet Mortgage Corp
Aug 17, 1995
$676,000
Cellco Ptnshp
New York Cellular Svcs
Grant 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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