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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
Zoning description
The purpose of the Corporate Zoning District (the "CZD") is to provide an area for economic development in the community according to prescribed review and approval procedures, and according to design, density, and dimensional criteria particular to the CZD. The CZD is intended to provide for large-scale developments which incorporate a diversity of compatib…
Zone name
Corporate Zoning District
General category
UNKNOWN
Zone area
70.46 ac
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
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
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, RIZoning 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
Zoning description
The purpose of the Corporate Zoning District (the "CZD") is to provide an area for economic development in the community according to prescribed review and approval procedures, and according to design, density, and dimensional criteria particular to the CZD. The CZD is intended to provide for large-scale developments which incorporate a diversity of compatible land uses, which may include a mixture of office, light industrial, hotel, and compatible ancillary retail uses. B. It is the intent of this article to allow for a multi-year phased development that promotes high-quality design, provides employment opportunities, and expands the Town's tax base. Economics and demographics require an update and revisions since the last amendment in 2006.
Zone name
Corporate Zoning District
General category
UNKNOWN
Zone area
70.46 ac
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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