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Property profile & analytics
OFF-MARKET
Estimated value
$3,095,000
Industrial properties
45 All American Way North Kingstown, RI 02852-2607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0039211
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
STEEL FRAME
Total area
21,465 SF
Lot
2.41 ac (104,980 SF)
Zoning code
QBPD
APN
NKIN M:180 B:014
UPID
US76-0039211
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
-
Sea Fresh USA, Inc. Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.10M
Owner & transaction history
Afp Real Est Holdings LLC · 3 yrs held
Afp Real Est Holdings LLC
since 2023
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
QBPD · North Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The QBP district is established as a mixed use center for economic activity, which may be supported by residential use and recreational opportunities. Due to the presence of significant infrastructure including access highways, a general aviation and military airport, a wastewater treatment facility, freight rail, a working waterfront, and public water suppl…
Zone name
Quonset Business Park District
General category
MIXED_USE
Zone area
2,923.82 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.1M
+19.2%
Office building
$3.8M
+9.8%
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 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
$3,095,000
ML approach
$3,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,425,000
Current use
COMMERCIAL (GENERAL)
$4,080,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,760,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.10M
Range $2.79M – $3.40M · ±10% · vs last sale $3.30M (Jul 18 2023)
Last sale anchor
$3.30M
Jul 18 2023
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
$144 / 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
$46,559
Tax year 2024
Assessed value
$2,859,900
Assessed 2024
Previous assessed
$2,859,900
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$679,200
Assessed improvement
$2,180,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
21,465 SF
Lot
2.41 ac (104,980 SF)
Zoning code
QBPD
APN
NKIN M:180 B:014
UPID
US76-0039211
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
QBPD · North Kingstown, RIZoning QBPD · permitted uses
QBPD · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The QBP district is established as a mixed use center for economic activity, which may be supported by residential use and recreational opportunities. Due to the presence of significant infrastructure including access highways, a general aviation and military airport, a wastewater treatment facility, freight rail, a working waterfront, and public water supply, the QBP district is uniquely suited to accommodate a high density mix of uses. These uses will potentially include standard commercial (retail/office), light and heavy industry, open space and recreation, water-dependent use, freight transport, energy generation, and transit-oriented development. It is the intent of this district to facilitate the development of these uses through a unique relationship between the town and QDC
Zone name
Quonset Business Park District
General category
MIXED_USE
Zone area
2,923.82 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2003
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Afp Real Est Holdings LLC
Entity
Mailing address
45 ALL AMERICAN WAY, NORTH KINGSTOWN, RI 02852-2607
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
$3,295,000
Afp Real Est Holdings LLC
Alopex Holdings LLC
Quit Claim Arm's Length For Ne States
$22,000,000 · Farm Credit
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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