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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office Spaces
610 10th Rod Rd, North Kingstown, RI 02852-4236
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0054066
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1877
Total area
8,695 SF
Zoning code
PBD
APN
NKIN M:027 B:049
UPID
US76-0054066
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
-
Animal Reflections Photography Photography Service (Bike/Boat/Book/etc) Store
-
Clean Comb Lice Removal Salon Medical Clinic
-
Main Line Graphic Equipment Inc Marketing & Advertising Advertising Agency
-
HulaFish Creative Advertising Agency Marketing & Advertising
-
Crescent Moon Photo Studio Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.54M
Owner & transaction history
Bakeford Properties LLC · 5 yrs held
Bakeford Properties LLC
since 2021
3 recorded transactions
Zoning & alternative use
PBD · North Kingstown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+8.6%
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 North Kingstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Kingstown 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%
$1,790,000
6.5%
$1,650,000
7%
$1,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,525,000
Current use
COMMERCIAL (GENERAL)
$1,655,000
Change: +9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,390,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$177 / 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
$9,993
Tax year 2024
Assessed value
$613,800
Assessed 2024
Previous assessed
$613,800
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed improvement
$613,800
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1877
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
11
Bathrooms
4
Total area
8,695 SF
Zoning code
PBD
APN
NKIN M:027 B:049
UPID
US76-0054066
Jurisdiction
NORTH KINGSTOWN
Zoning & alternative use
PBD · North Kingstown, RI
Zoning PBD · permitted uses
PBD · North Kingstown, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Kingstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1877
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
11
Bathrooms
4
Current owner
From public records · entity-resolved
Bakeford Properties LLC
Entity
Mailing address
PO BOX 297, NORTH KINGSTOWN, RI 02852-0297
Ownership since
2021
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
Apr 30, 2021
—
Bakeford Properties LLC
—
Deed
related
$4,500,000 · Bank Rhode Island
Jun 9, 2020
—
Bakeford Properties LLC
—
Deed
related
$325,000 · Bank Rhode Island
Jan 26, 2018
—
Bakeford Properties Ll
—
Deed
related
$3,415,000 · Bank Rhode Island
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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