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Financial
Distress signals
Property profile

642 Great Rd North Smithfield, RI 02896

FOR LEASE
Showrooms
Property ID
US76-0021930
1,737 SF 0.16 ac lot Built 1912
Last sale Mar 2011 · $1
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A renovated office space of approximately 780 square feet, configured with 2+ rooms. The space is set up with heating and air conditioning, and includes electricity as part of the building’s utility setup. The office benefits from high visibility and has ample off-street parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$211k
Assessed land$115k
Assessed improvement$96k
Effective rate2.04%

Value estimate

· Oct 2026
$365k
$329k – $402k
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$2k
Operating expenses−$3k
NOI · 1,551.08% cap applied$10k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
County average, outlier-cleaned · 1487 recorded sales of this use type
Observed band · Q1–Q3$88 – $215
Qualifying comparables11

Cap rate analysis

How does the asset earn?
1,551.08%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BN
Business - Neighborhood (BN). This District is established to provide areas for the retailing of convenience goods and furnishing of some...
General categoryCOMMERCIAL
JurisdictionNORTH SMITHFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.8
Parking Facility10.2
Electrical Service9.6

Location

642 Great Rd North Smithfield, RI 02896
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
448 Great, North Smithfield, RI 02896-6861 $100,000 Jan 2025 1,459 SF
580 Great, North Smithfield, RI 02896-6810 $360,000 Jun 2023 1,776 SF
40 Canal, North Smithfield, RI 02896-8423 $11,918 Feb 2020 2,236 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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