Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Industrial properties
5 New Industrial Way Warren, RI 02885-1621
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0212832
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.67 ac (28,985 SF)
Zoning code
CI
APN
WARR M:23 L:149
UPID
US76-0212832
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
-
Bright Beginnings Early Learning Center Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Bright Beginnings Elc LLC · 1 yrs held
Bright Beginnings Elc LLC
since 2025
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
CI · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district contains that area of Warren rezoned by the Town Council pursuant to article XXI of this ordinance.
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
55.57 ac
Source
Realmo
Top alternative use upside
Retail stores
$895,000
+448.8%
Restaurant
$820,000
+404.2%
Commercial (general)
$640,000
+293.3%
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
RETAIL STORES
$895,000
Change: +449% · Conversion: Moderate
RESTAURANT
$820,000
Change: +404% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +293% · Conversion: Difficult
Blend value · Realmo final
$320k
Range $288k – $352k · ±10% · vs last sale $800k (Jan 30 2025)
Last sale anchor
$800k
Jan 30 2025
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
$53 / 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
$8,659
Tax year 2023
Assessed value
$633,900
Assessed 2023
Previous assessed
$633,900
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$159,900
Assessed improvement
$474,000
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
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
6,000 SF
Lot
0.67 ac (28,985 SF)
Zoning code
CI
APN
WARR M:23 L:149
UPID
US76-0212832
Jurisdiction
WARREN
Zoning & alternative use
CI · Warren, RIZoning CI · permitted uses
CI · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district contains that area of Warren rezoned by the Town Council pursuant to article XXI of this ordinance.
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
55.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$895,000
RESTAURANT
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
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
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.67 ac
Current owner
From public records · entity-resolved
Bright Beginnings Elc LLC
Entity
Mailing address
5 NEW INDUSTRIAL WAY, WARREN, RI 02885-1621
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
$800,000
Bright Beginnings Elc LLC
5 New Industrial Way LLC
Warranty Deed
$400,000 · Banknewport
Apr 30, 2025
—
Bright Beginnings Elc LLC
—
Deed
related
$331,000 · Ocean State Business Development Auth
Dec 16, 2016
$525,000
5 New Industrial Way L
Lucciola LLC
Warranty Deed
$393,750 · Fall River Five Cents Savings Bank
Jun 22, 2012
—
Lucciola LLC
—
Deed Of Trust
related
$275,000 · Baycoast Bank
Sep 13, 1999
—
Dieter E Spieth
—
Deed Of Trust
related
$130,000 · Citizens Bank Of Ri
Dec 20, 1994
$247,000
Dieter E Spieth
Market St Land Corp
Grant Deed
$110,000 · Fleet 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5 New Industrial Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
