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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Showrooms
49 Old Pocasset Rd Johnston, RI 02919-3111
Individually Owned
5-yr Hold
Free & Clear
Property ID
US76-0329193
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,809 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PD
APN
JOHN M:0043 L:224
UPID
US76-0329193
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.00M
Blend (final)
Blend
$5.64M
Owner & transaction history
CTRS N AMERICA GERIATRIC
CTRS N AMERICA GERIATRIC
Zoning & alternative use
PD · Johnston, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Planned District (PD). This district is intended to be established from time to time to fit the general pattern of land use established by this chapter for the development of the Town and to further the purposes set forth in § 340-2 . Planned Districts are established to encourage development of harmonious, efficient and convenient neighborhoods and business…
Zone name
Planned District
General category
PLANNED_DEVELOPMENT
Zone area
20.58 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,840,000
Current use
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±10%
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
$123 / 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
$120,755
Tax year 2024
Assessed value
$4,402,300
Assessed 2024
Previous assessed
$4,402,300
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$619,400
Assessed improvement
$3,782,900
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
122
Total area
45,809 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PD
APN
JOHN M:0043 L:224
UPID
US76-0329193
Jurisdiction
JOHNSTON
Zoning & alternative use
PD · Johnston, RIZoning PD · permitted uses
PD · Johnston, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Planned District (PD). This district is intended to be established from time to time to fit the general pattern of land use established by this chapter for the development of the Town and to further the purposes set forth in § 340-2 . Planned Districts are established to encourage development of harmonious, efficient and convenient neighborhoods and business developments by promoting variety in land use, residential density and site design through clustering of buildings and the preservation of unique natural features of the site. [Amended 2-17-2011 by Ord. No. 2010-27 ] M.
Zone name
Planned District
General category
PLANNED_DEVELOPMENT
Zone area
20.58 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.8M
COMMERCIAL (GENERAL) Current
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
122
Lot
1.97 ac
Current owner
From public records · entity-resolved
CTRS N AMERICA GERIATRIC
Individual
Free & Clear · 0 yrs held
Mailing address
49 OLD POCASSET RD, JOHNSTON, RI 02919-3111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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