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Property profile & analytics
FOR SALE
Showrooms
450 Old Baptist Rd North Kingstown, RI 02852
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0007408
For Sale
1 / 27
$425,000
450 Old Baptist Rd, North Kingstown, RI 02852
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
FRAME
Total area
2,653 SF
Lot
0.2 ac (8,910 SF)
Zoning code
LI
APN
NKIN M:132 B:014
UPID
US76-0007408
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
-
Pegasus Marketing AI Advertising Agency Marketing & Advertising
-
Ocean State Consulting Advertising Agency Marketing & Advertising
-
Aqualified LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Baptistre LLC · 1 yrs held
Old Baptistre LLC
since 2024
Last sale
$325,000
5 recorded transactions
Zoning & alternative use
LI · North Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,817
Tax year 2024
Assessed value
$295,900
Assessed 2024
Previous assessed
$295,900
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$70,300
Assessed improvement
$225,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
7
Bathrooms
3
Total area
2,653 SF
Lot
0.2 ac (8,910 SF)
Zoning code
LI
APN
NKIN M:132 B:014
UPID
US76-0007408
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
LI · North Kingstown, RI
Zoning LI · permitted uses
LI · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Kingstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
7
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Old Baptistre LLC
Entity
Mailing address
450 OLD BAPTIST RD, NORTH KINGSTOWN, RI 02852-2531
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 10, 2024
—
Old Baptistre LLC
Old Baptist Re LLC
Correction Deed
related
$125,000 · Adams Equity Partners
Nov 17, 2021
$325,000
Old Baptist Re LLC
Peter B Rizzo
Quit Claim Arm's Length For Ne States
—
Aug 5, 2010
$105,000
Peter B Rizzio
Bank Of America NA
Grant Deed
—
Jul 9, 2009
$75,000
Bank Of America NA
Spec Mark LLC
Grant Deed
—
Feb 14, 1995
$125,000
Anthony Geruso
Swanson,carl R
Grant Deed
$100,000 · Ri Hosp Trust 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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