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Property profile & analytics
OFF-MARKET
Estimated value
$3,175,000
Industrial properties
550-A George Washington Hwy Smithfield, RI 02917
Entity Owned
10-yr Hold
Free & Clear
Property ID
US76-0161870
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1964
Construction
STEEL FRAME
Total area
38,394 SF
Lot
15 ac (653,400 SF)
Zoning code
HC
APN
SMIT M:48 B:000 L:031 U:001
UPID
US76-0161870
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$3.18M
Owner & transaction history
Bar R14 LLC · 10 yrs held
Bar R14 LLC
since 2016
3 recorded transactions
Zoning & alternative use
HC · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to provide areas for regional and high intensity commercial retail uses, business/professional services, office buildings, and automotive uses
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
135.53 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$5.1M
+61.1%
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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%
$3,340,000
6.5%
$3,080,000
7%
$2,860,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,185,000
Current use
COMMERCIAL (GENERAL)
$5,130,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$3.18M
Range $2.86M – $3.49M · ±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
$83 / 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
$50,127
Tax year 2023
Assessed value
$2,610,800
Assessed 2023
Previous assessed
$2,610,800
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$2,367,500
Assessed improvement
$243,300
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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
38,394 SF
Lot
15 ac (653,400 SF)
Zoning code
HC
APN
SMIT M:48 B:000 L:031 U:001
UPID
US76-0161870
Jurisdiction
SMITHFIELD
Zoning & alternative use
HC · Smithfield, RIZoning HC · permitted uses
HC · Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established to provide areas for regional and high intensity commercial retail uses, business/professional services, office buildings, and automotive uses
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
135.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.1M
INDUSTRIAL (GENERAL) 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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
15 ac
Current owner
From public records · entity-resolved
Bar R14 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
122 DOTY CIR, WEST SPRINGFIELD, MA 01089-1310
Ownership since
2016
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
Dec 20, 2019
—
Bar R14 LLC
—
Deed
related
$329,357,500 · The Huntington National Bank
Apr 28, 2016
$13,770,000
Bar R14 LLC
Ja Smithfield Inv Rlty
Quit Claim Deed
—
Dec 22, 2009
—
Colonial Motor Sales INC
—
Deed Of Trust
related
$500,000 · Toyota Motor Corp
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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