Entity Owned Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,420 SF
Lot
1.09 ac (47,480 SF)
Zoning code
BN
APN
NSMI M:0005 L:0297
UPID
US76-0346465
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
-
Pediatrician Physician
-
Medical Clinic
-
Pediatrician Physician
-
Medical Clinic
-
Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.95M
Owner & transaction history
since 2024
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
BN · North Smithfield, RI
Zoning description
Business - Neighborhood (BN). This District is established to provide areas for the retailing of convenience goods and furnishing of some personal services. It is primarily intended to serve the day-to-day needs of perso…
General category
COMMERCIAL
Top alternative use upside
Office building
$3.1M
+30.7%
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.
All 12 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.95M
Value range
$1.76M – $2.15M
±10% around blend
Estimated value / SF
$119 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$1.76M
blend $1.95M
$2.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,420 SF
Lot area
1.09 ac
Year built
1940
Stories
2
APN
NSMI M:0005 L:0297
Zoning
BN
Assessed value
$2,100,400
Annual tax
$42,911
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.55M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.3 mi away · 18,159 SF
12.8 mi away · 13,520 SF
14.1 mi away · 20,918 SF
14.4 mi away · 19,600 SF
15.1 mi away · 12,177 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.95M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1487 sales
$146
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $119/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
+31%
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
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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 · 12 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
Implied cap rate
9.90%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.90%
9.0%
NOI (est.)
$137k *
Last sale · Aug 2024
$1.95M
* 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$1.38M
Move the market yield to see immediate price impact.
Value / SF
$84
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
9.40%9.90%10.40%
$123k
$1.31M
$1.24M
$1.18M
$137k
$1.45M
$1.38M
$1.31M
$150k
$1.60M
$1.52M
$1.44M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$1.40M
12.0 mi · Sep 2025 · $110/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,911
Tax year 2024
Assessed value
$2,100,400
Assessed 2024
Previous assessed
$2,100,400
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$160,000
Assessed improvement
$1,940,400
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
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
12
Total area
16,420 SF
Lot
1.09 ac (47,480 SF)
Zoning code
BN
APN
NSMI M:0005 L:0297
UPID
US76-0346465
Jurisdiction
NORTH SMITHFIELD
Zoning & alternative use
BN · North Smithfield, RIZoning BN · permitted uses
BN · North Smithfield, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Business - Neighborhood (BN). This District is established to provide areas for the retailing of convenience goods and furnishing of some personal services. It is primarily intended to serve the day-to-day needs of perso…
General category
COMMERCIAL
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
12
Lot
1.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BN
COMMERCIAL
Jurisdiction
North Smithfield, RI
Recorded code
BN
Official district
BN
Official district profile
What the municipal code says about BN
Zoning description
Business - Neighborhood (BN). This District is established to provide areas for the retailing of convenience goods and furnishing of some personal services. It is primarily intended to serve the day-to-day needs of perso…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BN in North Smithfield, RI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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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.
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