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Property profile & analytics
OFF-MARKET
Estimated value
$10,720,000
Industrial properties
500 Callahan Rd, North Kingstown, RI 02852-8522
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0119553
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
175,200 SF
Lot
9.9 ac (431,244 SF)
Zoning code
QBPD
APN
NKIN M:183 B:001
UPID
US76-0119553
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
-
RI Motor Vault Storage Facility
-
Stalwart Films Llc Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.62M
Comparable Approach
Comparable
$7.21M
Blend (final)
Blend
$10.72M
Owner & transaction history
500 Callahan Rd LLC · 8 yrs held
500 Callahan Rd LLC
since 2018
7 recorded transactions
Zoning & alternative use
QBPD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,665,000
6.5%
$12,615,000
7%
$11,710,000
Blend value · Realmo final
$10.72M
Range $9.65M – $11.79M · ±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
$61 / 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
$77,929
Tax year 2024
Assessed value
$4,786,800
Assessed 2024
Previous assessed
$4,786,800
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$2,232,000
Assessed improvement
$2,554,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Bathrooms
3
Total area
175,200 SF
Lot
9.9 ac (431,244 SF)
Zoning code
QBPD
APN
NKIN M:183 B:001
UPID
US76-0119553
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
QBPD · North Kingstown, RI
Zoning QBPD · permitted uses
QBPD · 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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Bathrooms
3
Lot
9.9 ac
Current owner
From public records · entity-resolved
500 Callahan Rd LLC
Entity
Mailing address
259 WAYLAND AVE, PROVIDENCE, RI 02906-4569
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
500 Callahan Road LLC
—
Deed
related
$1,100,000 · Bristol County Savings Bank
Aug 14, 2020
—
500 Callahan Road LLC
—
Deed
related
$2,500,000 · Baycoast Bank
Mar 12, 2018
$4,100,000
500 Callahan Rd LLC
Sls Assoc LP
Warranty Deed
$1,580,943 · Sls Assoc LP
Jun 22, 2016
—
Sls Assoc LP
—
Deed
related
$1,400,000 · Bank Rhode Island
Nov 1, 2002
—
Sls Assoc LP
—
Deed Of Trust
related
$1,000,000 · Bank Of Rhode Island
Apr 3, 2001
—
Sls Associates LP
—
Deed Of Trust
related
$350,000 · Bank Of Rhode Island
Mar 22, 2000
—
Sls Associates LP
—
Deed Of Trust
related
$1,650,000 · Compass Bank For Savings
Feb 3, 1997
$2,000,000
Sls Associates LP
Shore,fannie M
Grant Deed
$1,400,000 · Bank Of Rhode Island
—
—
Sls Assoc LP
—
Deed Of Trust
related
$1,400,000 · Bank Rhode Island
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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