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Property profile & analytics
OFF-MARKET
Estimated value
$14,490,000
Industrial properties
55 Technology Way, West Greenwich, RI 02817-1711
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0293333
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
170,322 SF
Lot
10.82 ac (471,232 SF)
Zoning code
CZD
APN
WGRE M:003 B:0001 L:8
UPID
US76-0293333
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
-
International Game Technology PLC (IGT) Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.11M
CAP Approach
CAP
$12.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.49M
Owner & transaction history
Us Bank NA · 8 yrs held
Us Bank NA
since 2017
Last sale
$15.8M
2 recorded transactions
Zoning & alternative use
CZD · West Greenwich, 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 West Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Greenwich 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
$14,110,000
CAP Approach
CAP Return
Estimation
6%
$13,210,000
6.5%
$12,190,000
7%
$11,320,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,430,000
Current use
Blend value · Realmo final
$14.49M
Range $13.04M – $15.94M · ±10% · vs last sale $15.83M (Jul 16 2020)
Last sale anchor
$15.83M
Jul 16 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
$85 / 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
$398,421
Tax year 2024
Assessed value
$16,775,600
Assessed 2024
Previous assessed
$16,005,600
+4.8% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,170,900
Assessed improvement
$15,604,700
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
170,322 SF
Lot
10.82 ac (471,232 SF)
Zoning code
CZD
APN
WGRE M:003 B:0001 L:8
UPID
US76-0293333
Jurisdiction
WEST GREENWICH
Zoning & alternative use
CZD · West Greenwich, RI
Zoning CZD · permitted uses
CZD · West Greenwich, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Greenwich. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.4M
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
10.82 ac
Current owner
From public records · entity-resolved
Us Bank NA
Entity
Free & Clear · 8 yrs held
Mailing address
53 STATE ST, BOSTON, MA 02109-2820
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2017
$10,900,000
Us Bank NA
Us Bank NA|lb Ubs 2007-ci W Greenwic
Foreclosure
related
—
Apr 23, 2015
$10,900,000
Lb Ubs C1 West Greenwich
Us Bank NA|west Greenwich Tech Pk 1
Foreclosure
related
—
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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