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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Showrooms
5 Pleasant Vw Ave Greenville, RI 02828-1905
Entity Owned
15-yr Hold
Free & Clear
Property ID
US76-0070512
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2011
Construction
FRAME
Total area
3,738 SF
Lot
0.33 ac (14,375 SF)
Zoning code
MU
APN
SMIT M:06 B:000 L:003 U:
UPID
US76-0070512
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
-
Newport Wedding Film Production Television Studio
-
VUP Media Advertising Agency Marketing & Advertising
-
Barone Orthodontics Dental Office
-
Nicholas Barone Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$520k
Owner & transaction history
Ndb Props LLC · 15 yrs held
Ndb Props LLC
since 2010
6 recorded transactions
Zoning & alternative use
MU · Greenville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$715,000
+50.2%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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
$345,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$475,000
Current use
OFFICE BUILDING
$715,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$139 / 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
$12,804
Tax year 2023
Assessed value
$666,900
Assessed 2023
Previous assessed
$666,900
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$96,000
Assessed improvement
$570,900
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
Off-Market
Year built
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
9
Total area
3,738 SF
Lot
0.33 ac (14,375 SF)
Zoning code
MU
APN
SMIT M:06 B:000 L:003 U:
UPID
US76-0070512
Jurisdiction
SMITHFIELD
Zoning & alternative use
MU · Greenville, RI
Zoning MU · permitted uses
MU · Greenville, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$715,000
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
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
9
Lot
0.33 ac
Current owner
From public records · entity-resolved
Ndb Props LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1804 MINERAL SPG AVE, NORTH PROVIDENCE, RI 02904-7648
Ownership since
2010
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
Nov 3, 2010
$1
Ndb Props LLC
Brule,nicholas D
Grant Deed
related
—
Jul 2, 2010
$300,000
Nicholas D Barone
E N Papefthimiou T
Grant Deed
—
Apr 17, 1991
—
E Papaefthimiou
—
Deed Of Trust
related
$99,200 · Citizens Savings Bank Providen
Apr 15, 1991
$142,500
E Papaefthimiou
Steere,bradley L
Grant Deed
$99,200 · Citizens Savings Bank Providen
Nov 22, 1989
$132,000
Bradley L Steere
Coyne,robin M
Grant Deed
—
Aug 22, 1988
$125,000
Robin Coyne
Cricket INC
Grant Deed
$115,000 · Pawtucket Cu
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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