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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Industrial properties
43 Railroad St Woonsocket, RI 02895-3041
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0080775
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,430 SF
Lot
0.47 ac (20,612 SF)
Zoning code
MU1
APN
WOON M:14R L:205 U:1
UPID
US76-0080775
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
-
Danielle's Juicy Bar(BOBA TEA AND SMOOTHIES) Cafe & Coffee Shop
-
Aura beauty & aesthetics Hair Salon
-
43 Railroad Street Apartments & Office Space Apartment Building
-
Em's Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Madison Leigh Prop LLC · 4 yrs held
Madison Leigh Prop LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
MU1 · Woonsocket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+130.8%
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 Woonsocket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woonsocket 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
$4,170,000
ML approach
$4,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,760,000
Change: +131% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±10% · vs last sale $3.80M (Jul 11 2022)
Last sale anchor
$3.80M
Jul 11 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
$275 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,429
Tax year 2023
Assessed value
$1,288,700
Assessed 2023
Previous assessed
$1,288,700
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$48,100
Assessed improvement
$1,240,600
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
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Units
10
Bathrooms
1
Total area
14,430 SF
Lot
0.47 ac (20,612 SF)
Zoning code
MU1
APN
WOON M:14R L:205 U:1
UPID
US76-0080775
Jurisdiction
WOONSOCKET
Zoning & alternative use
MU1 · Woonsocket, RI
Zoning MU1 · permitted uses
MU1 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woonsocket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.8M
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
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Units
10
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Madison Leigh Prop LLC
Entity
Mailing address
43 RAILROAD ST, WOONSOCKET, RI 02895-3041
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
Jul 11, 2022
$3,800,000
Madison Leigh Prop LLC
43 Railroad St LLC
Warranty Deed
$2,850,000 · Bank Rhode Island
Nov 8, 2019
$175,000
43 Railroad St LLC
T Restated
Trustees Deed
—
Sep 21, 2001
—
A&k Prop LLC
—
Deed Of Trust
related
$315,790 · Harootunian Ann Tr
Apr 19, 1999
—
A&k Properties LLC
—
Deed Of Trust
related
$150,000 · Ann Harootunian
Dec 30, 1993
$110,000
A&k Properties LLC
Fleet National Bank
Grant Deed
—
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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