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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Investment properties
700 Main St, West Warwick, RI 02893-5660
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0128974
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
FRAME
Total area
3,627 SF
Lot
0.1 ac (4,408 SF)
Zoning code
B
APN
WWAR 002-0246-0-000
UPID
US76-0128974
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
-
Sprague's Repair Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$655k
Owner & transaction history
Npl Props LLC · 6 yrs held
Npl Props LLC
since 2019
Last sale
$667,500
7 recorded transactions
Zoning & alternative use
B · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+50.0%
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 West Warwick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Warwick 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
$625,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$545,000
Current use
OFFICE BUILDING
$815,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $668k (Mar 28 2025)
Last sale anchor
$668k
Mar 28 2025
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
$181 / 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
Assessed value
$248,600
Assessed 2023
Previous assessed
$248,600
+0.0% YoY
Assessed land
$57,100
Assessed improvement
$191,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1929
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
2
Rooms
10
Bathrooms
2
Total area
3,627 SF
Lot
0.1 ac (4,408 SF)
Zoning code
B
APN
WWAR 002-0246-0-000
UPID
US76-0128974
Jurisdiction
WEST WARWICK
Zoning & alternative use
B · West Warwick, RI
Zoning B · permitted uses
B · West Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Warwick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1929
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
2
Rooms
10
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Npl Props LLC
Entity
Mailing address
PO BOX 8262, CRANSTON, RI 02920-0262
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
$360,000
Npl Props LLC
Socrates Chrissos
Warranty Deed
$355,000 · Chrissos Socrates
Nov 25, 2008
$275,000
Socrates Sprague
Sprague,richard
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 7, 2005
—
Richard L Spraque JR.
—
Deed Of Trust
related
$52,500 · David J Miller
Dec 28, 2004
$200,000
Richard Sprague
Sprague,joann T
Grant Deed
related
$210,000 · Socrates Chrisos
Sep 4, 2001
—
Richard Sprague SR.
—
Deed Of Trust
related
$135,000 · American Business Credit
Sep 29, 1999
—
Marie Mattio
—
Deed Of Trust
related
$126,000 · Century Mortgage Co
May 29, 1997
—
Marie Mattio
—
Deed Of Trust
related
$101,600 · United Airlines FCU
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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