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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Investment properties
455 Warwick Ave, Warwick, RI 02888-1454
Entity Owned
2-yr Hold
Property ID
US76-0392944
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,538 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GB
APN
WARW M:290 B:0091 L:0000
UPID
US76-0392944
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
-
R & S Autobody & Repair Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$925k
Owner & transaction history
B&s Realty LLC · 2 yrs held
B&s Realty LLC
since 2023
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
GB · Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+8.6%
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 Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warwick 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
$935,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,120,000
Current use
OFFICE BUILDING
$1,215,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $595k (Jul 31 2023)
Last sale anchor
$595k
Jul 31 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
$167 / 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
Assessed value
$534,300
Assessed 2023
Previous assessed
$534,300
+0.0% YoY
Assessed land
$135,000
Assessed improvement
$399,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Total area
5,538 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GB
APN
WARW M:290 B:0091 L:0000
UPID
US76-0392944
Jurisdiction
WARWICK
Zoning & alternative use
GB · Warwick, RI
Zoning GB · permitted uses
GB · Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warwick. 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
$1.2M
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
B&s Realty LLC
Entity
Mailing address
455 WARWICK AVE, WARWICK, RI 02888-1454
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$595,000
B&s Realty LLC
Joe & Joe Investments LLC
Warranty Deed
$556,500 · Hometrust Bank
Nov 23, 2020
—
Joe&joe Investments LLC
—
Deed
related
$364,000 · Velocity Commercial Capital LLC
May 20, 2019
—
Joe & Joe Invs LLC
—
Deed
related
$220,000 · Private Individual
Apr 23, 2018
—
Joe & Joe Invs LLC
—
Deed
related
$150,000 · Philip L Johnson
Mar 23, 2017
$500,000
Joe & Joe Investments LLC
Nadiger Farm LLC
Warranty Deed
$1,000,000 · Nadiger Farm LLC
May 18, 2015
$23,409
Marvin J Nadiger
Nadiger Marvin J
Redemption Deed
related
—
Apr 23, 2015
—
Nadiger Farm LLC
Nadiger Marvin J
Quit Claim Deed
related
—
Mar 20, 2015
$1,867
Narrows Realty LLC|nadiger,marvin J
Narrows Realty LLC
Redemption Deed
related
—
Mar 14, 2014
—
Marvin J Nadiger JR.
Nadiger,mark
Quit Claim Deed
related
—
Mar 27, 2013
$8,661
Mark Nadiger
Nadiger,mark
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 31, 2011
$2,534
Michael S Corcoran JR.
Nine 3 Realty
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
—
—
Joe & Joe Invs LLC
—
Deed Of Trust
related
$220,000 · Private Individual
—
—
Joe & Joe Inv LLC
—
Deed Of Trust
related
$65,000 · Turner F/tr
—
—
Joe & Joe Invs LLC
—
Deed Of Trust
related
$150,000 · Philip L Johnson
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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