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Property profile & analytics
OFF-MARKET
Estimated value
$6,410,000
Industrial properties
621 Pound Hl Rdb North Smithfield, RI 02896-9358
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US76-0025874
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2010
Construction
STEEL FRAME
Total area
83,475 SF
Lot
16.06 ac (699,574 SF)
APN
NSMI M:0008 L:0299 U:B
UPID
US76-0025874
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
-
Briarwood Child Academy Daycare Center
-
Duquette Family Eye Care Physician
-
Tavern 6 two 1 Restaurant
-
GREGORY TODD HOFELDT Ophthalmologist
-
Amy Glaude-Marcos Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$7.77M
Blend (final)
Blend
$6.41M
Owner & transaction history
Atm Dev · 16 yrs held
Atm Dev
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$7,260,000
6.5%
$6,700,000
7%
$6,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,925,000
Current use
Blend value · Realmo final
$6.41M
Range $5.77M – $7.05M · ±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
$77 / 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
$80,366
Tax year 2023
Assessed value
$4,142,600
Assessed 2023
Previous assessed
$4,142,600
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed improvement
$4,142,600
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
9
Total area
83,475 SF
Lot
16.06 ac (699,574 SF)
APN
NSMI M:0008 L:0299 U:B
UPID
US76-0025874
Jurisdiction
NORTH SMITHFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
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
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
9
Lot
16.06 ac
Current owner
From public records · entity-resolved
Atm Dev
Individual
Mailing address
621 POUND HL RD UNIT #200, NORTH SMITHFIELD, RI 02896-9358
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2012
—
Atm Dev LLC
—
Deed Of Trust
related
$3,375,000 · Bank Of Newport
May 31, 2011
—
Atm Dev LLC
—
Deed Of Trust
related
$100,000 · Mansfield Capital Bank
May 19, 2011
—
Atm Dev LLC
—
Deed Of Trust
related
$620,000 · Mansfield Capital Bank
Jul 2, 2010
$5,400,000
Atm Dev
Pound Hl Off&bus Park LLC
Grant Deed
$2,840,000 · Mansfield Capital Bank
—
—
Atm Dev LLC
—
Deed Of Trust
related
$500,000 · Bank Of Ri
—
—
Atm Dev LLC
—
Deed Of Trust
related
$13,400,000 · Bank Of Ri
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.
Try Rey
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