New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,940,000
Office Spaces
650 10th Rod Rd, North Kingstown, RI 02852-4238
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0059475
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1880
Total area
50,559 SF
Zoning code
PBD
APN
NKIN M:027 B:055
UPID
US76-0059475
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
-
Next Generation Energy Production Facility
-
Lafayette Mill Complex Business Service Center Corporate Office
-
Ebb & Flow Canoe & Kayak Rental Service Adventure Sports
-
Key Mediation LLC Mediation Service
-
Marinello Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.60M
Comparable Approach
Comparable
$6.85M
Blend (final)
Blend
$8.94M
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)
$9.6M
+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%
$10,400,000
6.5%
$9,600,000
7%
$8,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,855,000
Current use
COMMERCIAL (GENERAL)
$9,615,000
Change: +9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,070,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.94M
Range $8.05M – $9.83M · ±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
$59,188
Tax year 2024
Assessed value
$3,635,600
Assessed 2024
Previous assessed
$3,635,600
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed improvement
$3,635,600
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
1880
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
20
Bathrooms
9
Total area
50,559 SF
Zoning code
PBD
APN
NKIN M:027 B:055
UPID
US76-0059475
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
$8.9M
COMMERCIAL (GENERAL)
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
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
1880
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
20
Bathrooms
9
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
Jun 24, 2004
—
Bakeford Prop LLC
—
Deed Of Trust
related
$270,000 · Citizens 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 650 10th Rod Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
