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Property profile & analytics
FOR LEASE
Industrial properties
40 Albion Rd Lincoln, RI 02865
Entity Owned
15-yr Hold
Free & Clear
Property ID
US76-0328974
For Lease
1 / 2
$11 SF/Yr
40 Albion Rd, Lincoln, RI 02865
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
22,210 SF
Lot
3.54 ac (154,202 SF)
Zoning code
MG05
APN
LINC M:28 L:146.0 U:
UPID
US76-0328974
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
-
ImageFIRST Healthcare Laundry Specialists (Bike/Boat/Book/etc) Store
-
Hisco Distribution Center Logistics Company
-
Sentec Production Facility
-
CuraMedix Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$1.51M
Owner & transaction history
Smd Assoc LLC · 15 yrs held
Smd Assoc LLC
since 2011
6 recorded transactions
Zoning & alternative use
MG05 · Lincoln, 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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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%
$1,930,000
6.5%
$1,785,000
7%
$1,655,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,840,000
Current use
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$68 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$37,578
Tax year 2020
Assessed value
$2,027,800
Assessed 2024
Previous assessed
$2,027,800
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$385,000
Assessed improvement
$1,642,800
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
For Lease
Year built
1979
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
22,210 SF
Lot
3.54 ac (154,202 SF)
Zoning code
MG05
APN
LINC M:28 L:146.0 U:
UPID
US76-0328974
Jurisdiction
LINCOLN
Zoning & alternative use
MG05 · Lincoln, RI
Zoning MG05 · permitted uses
MG05 · Lincoln, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
Smd Assoc LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1720 EPPS BRG PKWY E STE #108, ATHENS, GA 30606-6131
Ownership since
2011
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
Aug 7, 2025
—
Lincoln Industrial Partne
—
Deed
related
$3,750,000 · Symetra Life Insurance Co
May 26, 2011
$1,600,000
Smd Assoc LLC
Blue Street Mgmt LLC
Grant Deed
—
Jan 31, 2011
$905,000
Blue Street Partners LLC
Flint Group North America
Warranty Deed
$880,000 · Washington Trust Co
Jan 31, 2011
$1
Flint Ink North Amer Corp
Flint INC Corp
Grant Deed
related
—
Jan 31, 2011
—
Blue Street Partners LLC
—
Deed Of Trust
related
$880,000 · Washington Trust Co
Dec 30, 1998
$754,000
Ink No America Flint
Flint Ink Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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