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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Showrooms
415 Central Ave Johnston, RI 02919-4709
Entity Owned
~
Est. High Equity
Property ID
US76-0374720
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1920
Construction
FRAME
Total area
1,750 SF
Lot
0.18 ac (7,980 SF)
Zoning code
R15
APN
JOHN M:0044 L:049
UPID
US76-0374720
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
$550k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$399k
Blend (final)
Blend
$550k
Owner & transaction history
Kle Realty LLC
Kle Realty LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
R15 · Johnston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$375,000
+25.2%
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 Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$380,000
7%
$355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jul 25 2024)
Last sale anchor
$550k
Jul 25 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
$314 / 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
$6,877
Tax year 2024
Assessed value
$250,700
Assessed 2024
Previous assessed
$250,700
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$78,400
Assessed improvement
$172,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
1,750 SF
Lot
0.18 ac (7,980 SF)
Zoning code
R15
APN
JOHN M:0044 L:049
UPID
US76-0374720
Jurisdiction
JOHNSTON
Zoning & alternative use
R15 · Johnston, RIZoning R15 · permitted uses
R15 · Johnston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$375,000
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Kle Realty LLC
Entity
Mailing address
415 CENTRAL AVE, JOHNSTON, RI 02919-4709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 23, 2025
—
Kle Realty LLC
Karen Esposito
Quitclaim Deed
related
—
Jul 25, 2024
$550,000
Karen Esposito
Vincent Ranaldi
Warranty Deed
$510,000 · Vincent Ronaldi
Dec 31, 2019
—
Vincent Ranaldi
Vincent Ranaldi
Quit Claim Deed
related
—
Jul 28, 2005
$307,000
Vincent Ranaldi
Ross,francis X
Grant Deed
—
Oct 5, 2000
—
Francis X Ross
—
Deed Of Trust
related
$30,000 · Coastway Cu
Sep 30, 1998
$100,000
Francis X Ross
Sammartino,edward R
Grant Deed
$125,000 · Coastway Cu
May 31, 1989
—
Edward Sammartino
—
Deed Of Trust
related
$50,000 · Bank Of N E Old Colony
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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