Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Industrial properties
52 Ballou Blvd Bristol, RI 02809-2728
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0115302
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Construction
STEEL FRAME
Total area
43,800 SF
Lot
2.48 ac (108,229 SF)
Zoning code
M
APN
BRIS M:94 L:51
UPID
US76-0115302
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
-
Composite Energy Technologies Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$3.39M
Owner & transaction history
Blue Hope LLC · 5 yrs held
Blue Hope LLC
since 2020
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
M · Bristol, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M Zone Manufacturing. This zone is intended for general industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not pose toxic, explosive or environmental hazard in the town. (4) Open space zoning district. The open space zoning district shall be as follows: OS Zone Open sp…
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
252.32 ac
Source
Code of Ordinances
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$3,390,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,445,000
Current use
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $2.40M (Nov 24 2020)
Last sale anchor
$2.40M
Nov 24 2020
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
$77 / 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
$35,105
Tax year 2023
Assessed value
$2,627,600
Assessed 2023
Previous assessed
$2,295,600
+14.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$230,300
Assessed improvement
$2,397,300
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
43,800 SF
Lot
2.48 ac (108,229 SF)
Zoning code
M
APN
BRIS M:94 L:51
UPID
US76-0115302
Jurisdiction
BRISTOL
Zoning & alternative use
M · Bristol, RIZoning M · permitted uses
M · Bristol, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M Zone Manufacturing. This zone is intended for general industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not pose toxic, explosive or environmental hazard in the town. (4) Open space zoning district. The open space zoning district shall be as follows: OS Zone Open space. This zone is intended for the preservation of open space in the town. A large-scale, ground-mounted solar photovoltaic facility on town-owned land that is a closed and capped landfill, or on a remediated and restricted contamination site or a contaminated site pending remediation, in the OS zone shall be considered consistent with this purpose. (5) Waterfront zoning district. The waterfront zoning district shall be as follows: W Zone Waterfront. This zone is intended for mixed use residential, commercial, and limited industrial use along the downtown waterfront with an emphasis on preservation, economic development, recreation, and open space. (6) Educational-institutional zoning district. The educational-institutional zoning district shall be as follows:
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
252.32 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
INDUSTRIAL (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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Blue Hope LLC
Entity
Mailing address
52 BALLOU BLVD, BRISTOL, RI 02809-2728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Blue Hope LLC
—
Deed
related
$1,529,000 · South Eastern Economic Development
Oct 1, 2021
—
Blue Hope LLC
—
Deed
related
$700,000 · United States Small Business Admin
Nov 24, 2020
$2,400,000
Blue Hope LLC
52 Ballou Boulevard LLC
Quit Claim Arm's Length For Ne States
$3,338,010 · Webster 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 52 Ballou Blvd?
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.
