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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Showrooms
41 Cedar Swamp Rd Smithfield, RI 02917-2436
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0207317
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1972
Construction
FRAME
Total area
8,120 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
SMIT M:43 B:000 L:017-A U:
UPID
US76-0207317
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
-
Enviro Clean Restore Hardware & Home Improvement Construction Company
-
Greenville Kitchens Hardware & Home Improvement Kitchen & Bath Showroom
-
Tech Design Build & Remodeling Construction Company
-
Air Duct Cleaning of New England HVAC Service
-
Debug Pest Control - Rhode Island Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$950k
Owner & transaction history
Midgard Prop Hldg LLC · 1 yrs held
Midgard Prop Hldg LLC
since 2024
Last sale
$950,000
5 recorded transactions
Zoning & alternative use
C · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+43.2%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,085,000
Current use
OFFICE BUILDING
$1,555,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Oct 4 2024)
Last sale anchor
$950k
Oct 4 2024
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
$117 / 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
$15,594
Tax year 2024
Assessed value
$771,600
Assessed 2024
Previous assessed
$771,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$185,800
Assessed improvement
$585,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
4
Total area
8,120 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
SMIT M:43 B:000 L:017-A U:
UPID
US76-0207317
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.6M
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
1972
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Midgard Prop Hldg LLC
Entity
Mailing address
41 CEDAR SWAMP RD, SMITHFIELD, RI 02917-2436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 4, 2024
$950,000
Midgard Prop Hldg LLC
Karen E Anderson
Warranty Deed
$950,000 · Karen E Anderson Ret
Jun 26, 2009
—
Karen Anderson
—
Deed Of Trust
related
$1,350,000 · Freedom National Bank
Nov 1, 2007
—
Karen E Anderson
—
Deed Of Trust
related
$360,000 · Bank Of America
Jul 18, 2007
$540,000
Jaka Associates LLC
Cedar Swamp Realty INC
Grant Deed
$432,000 · Navigant Cu
Oct 18, 2004
—
John Anderson
—
Deed Of Trust
related
$150,000 · Fleet National Bank
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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