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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Investment properties
409 Boston Nck Rd North Kingstown, RI 02852-6206
Individually Owned
4-yr Hold
Property ID
US76-0410224
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Total area
2,504 SF
Lot
1.63 ac (71,003 SF)
Zoning code
VR
APN
NKIN M:088 B:077
UPID
US76-0410224
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
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$695k
Owner & transaction history
Michael Bolcerek · 4 yrs held
Michael Bolcerek
since 2022
Last sale
$677,500
7 recorded transactions
Zoning & alternative use
VR · North Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict that requires five acres for a minimum lot size, that portion of the CVD will yield seven bedrooms. 3. Sample calculation: For a CVD that contains eight acres of buildable land in RR, six acres of buildable land in VR-20, and two acres of buildable land in NB: RR: 8 acres/80,000 sf = 4.36 VR-20: 6 acres/20,000 = 13.01 NB: No yield as residential not all…
Zone name
Village Residential
General category
INDUSTRIAL
Zone area
4,068.57 ac
Source
code of ordinances
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
$755,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$475,000
Current use
OFFICE BUILDING
$440,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $678k (Jul 29 2022)
Last sale anchor
$678k
Jul 29 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
$278 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,923
Tax year 2021
Assessed value
$528,000
Assessed 2024
Previous assessed
$528,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$212,800
Assessed improvement
$315,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
7
Bathrooms
2
Total area
2,504 SF
Lot
1.63 ac (71,003 SF)
Zoning code
VR
APN
NKIN M:088 B:077
UPID
US76-0410224
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
VR · North Kingstown, RIZoning VR · permitted uses
VR · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict that requires five acres for a minimum lot size, that portion of the CVD will yield seven bedrooms. 3. Sample calculation: For a CVD that contains eight acres of buildable land in RR, six acres of buildable land in VR-20, and two acres of buildable land in NB: RR: 8 acres/80,000 sf = 4.36 VR-20: 6 acres/20,000 = 13.01 NB: No yield as residential not allowed by-right Total: 17.37 x 3.5 = 61 bedrooms (rounded) b. Where a CVD proposal m
Zone name
Village Residential
General category
INDUSTRIAL
Zone area
4,068.57 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$440,000
COMMERCIAL (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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
7
Bathrooms
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Michael Bolcerek
Individual
Mailing address
409 BOSTON NCK RD, NORTH KINGSTOWN, RI 02852-6206
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$677,500
Michael Bolcerek
Jonathan Luckenbach
Warranty Deed
$643,625 · Loandepot.com LLC
Apr 13, 2021
—
Jean M Leich
—
Deed
related
$200,000 · Citizens Bank
Jul 20, 2004
—
Mark Leich
—
Deed Of Trust
related
$65,000 · Full Spectrum Lending INC
Jun 30, 2004
—
Jean Leich
—
Deed Of Trust
related
$215,000 · Full Spectrum Lending INC
Feb 10, 2003
—
Mark D Leich
—
Deed Of Trust
related
$195,000 · Option One Mortgage Corp
Nov 4, 1999
—
Mark D Leich
—
Deed Of Trust
related
$19,816 · Greentree Financial Corp
May 28, 1999
—
Mark D Leigh
—
Deed Of Trust
related
$92,000 · Ri Equity Credit Corp
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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