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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office Spaces
51 Jefferson Blvd 4 Warwick, RI 02888-1002
Entity Owned
4-yr Hold
Free & Clear
Property ID
US76-0095521
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1980
Total area
3,607 SF
Zoning code
LI
APN
WARW M:284 B:0307 L:0004
UPID
US76-0095521
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
-
Law Office of Janet J. Goldman Law Firm
-
Patricia Vargas Loan Service Bank
-
Chris Turco Law Law Firm
-
Empire Today Carpet & Flooring Store Hardware & Home Improvement
-
Weinstein Philip M Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$760k
Owner & transaction history
Cobbel Hill Dev LLC · 4 yrs held
Cobbel Hill Dev LLC
since 2022
Last sale
$510,000
5 recorded transactions
Zoning & alternative use
LI · Warwick, 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 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
$755,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$790,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $510k (Apr 6 2022)
Last sale anchor
$510k
Apr 6 2022
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
$211 / 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
$11,779
Tax year 2023
Assessed value
$474,400
Assessed 2023
Previous assessed
$474,400
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed improvement
$474,400
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
3,607 SF
Zoning code
LI
APN
WARW M:284 B:0307 L:0004
UPID
US76-0095521
Jurisdiction
WARWICK
Zoning & alternative use
LI · Warwick, RI
Zoning LI · permitted uses
LI · 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
OFFICE BUILDING Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING Current
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Cobbel Hill Dev LLC
Entity
Free & Clear · 4 yrs held
Mailing address
51 JEFFERSON BLVD #4, WARWICK, RI 02888-1002
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$510,000
Cobbel Hill Dev LLC
Mvco Realty LLC
Warranty Deed
—
Feb 16, 2012
—
Mvco Realty LLC
—
Deed Of Trust
related
$144,000 · Sovereign Bank
Dec 18, 2009
—
Mvco Realty LLC
—
Grant Deed
related
$150,000 · Sovereign Bank
Dec 16, 2009
$1
Mvco Realty LLC
Vollucci Family
Grant Deed
—
Feb 23, 2000
$25,000
Vollucci Family LLC
Vollucci,matthew L JR
Grant Deed
related
$310,000 · Zenon Grzybowski
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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