Entity Owned 
For Sale
1 / 19
$710,000
570 Putnam Pike, Smithfield, RI 02828
View Listing →
Property summary
AI-generated overview
The property is a commercial space located on Putnam Pike in Greenville, Smithfield, Rhode Island. It is configured for flexible use, with layout suitability for professional services, boutique retail, medical practices, or studio use, and includes one half bathroom. The site has street frontage on a heavily traveled route and provides on-site parking for employees and clients. The property is situated within an established commercial area with nearby retail, restaurant, and service businesses.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
FRAME
Total area
3,920 SF
Lot
0.51 ac (22,216 SF)
Zoning code
V
APN
SMIT M:06 B:000 L:138 U:
UPID
US76-0146086
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
(Bike/Boat/Book/etc) Store Printing Service
-
(Bike/Boat/Book/etc) Store Florist
-
Hair Salon
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
since 2023
Last sale
$675,000
1 recorded transaction
Zoning & alternative use
V · Greenville, RI
Top alternative use upside
Office building
$750,000
+50.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 30 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$710k
Value range
$639k – $781k
±10% around blend
Estimated value / SF
$181 / SF
Confidence
High
30 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$639k
blend $710k
$781k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,920 SF
Lot area
0.51 ac
Year built
1970
Stories
1
APN
SMIT M:06 B:000 L:138 U:
Zoning
V
Assessed value
$428,000
Annual tax
$8,218
3
Income approach: direct capitalization
Partial preview
Income approach indication
$710k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$770k
@ 6.5% CAP return
$710k
@ 7% CAP return
$660k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,218
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$723k
Weighted, 20 comps · high confidence
Evidence
30 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.9 mi away · 3,232 SF
5.3 mi away · 4,680 SF
6.1 mi away · 4,040 SF
6.3 mi away · 2,890 SF
6.5 mi away · 5,001 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$710k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 43 sales
$127
+42%
County 1487 sales
$146
+24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $181/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+50%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 30 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.50%
Selected cap rate for this showrooms
Derived from the Smithfield market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.50%
9.0%
NOI (est.)
$10k *
Last sale · Jun 2023
$675k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$150k
Move the market yield to see immediate price impact.
Value / SF
$38
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.00%6.50%7.00%
$9k
$147k
$135k
$126k
$10k
$163k
$150k
$140k
$11k
$179k
$165k
$154k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
30 found
High confidence · county-verified
Closest comparable
$615k
2.9 mi · Dec 2025 · $137/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,218
Tax year 2023
Assessed value
$428,000
Assessed 2023
Previous assessed
$428,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$122,100
Assessed improvement
$305,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
3,920 SF
Lot
0.51 ac (22,216 SF)
Zoning code
V
APN
SMIT M:06 B:000 L:138 U:
UPID
US76-0146086
Jurisdiction
SMITHFIELD
Zoning & alternative use
V · Greenville, RIZoning V · permitted uses
V · Greenville, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
V
Jurisdiction
Greenville, RI
Recorded code
V
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Get access to Data & Analytics Reports
Choose the membership plan that suits your needs
Unlock 1 Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Your report includes if available
- Property Ownership
- Basic report summary
MOST POPULAR
Professional plan
$99
/mo
30 FULL REPORTS a month.
Your membership includes if available
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
Enterprise plan
$299
/mo
300 FULL REPORTS a month.
Your membership includes if available
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
