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Property profile & analytics
FOR SALE
Showrooms
775 Centre Of New England Blvd, Coventry, RI 02816
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US76-0293444
For Sale
1 / 2
$2,590,000
775 Centre Of New England Blvd, Coventry, RI 02816
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2001
Construction
FRAME
Total area
11,430 SF
Lot
1.61 ac (69,957 SF)
Zoning code
SMD
APN
WGRE M:001 B:0004 L:2
UPID
US76-0293444
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
-
Dr. Dennis Romano Physician
-
M Aurora Balerdi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.59M
Owner & transaction history
Graceco LLC · 13 yrs held
Graceco LLC
since 2012
7 recorded transactions
Zoning & alternative use
SMD · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+7.9%
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 Coventry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coventry 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%
$2,355,000
6.5%
$2,170,000
7%
$2,015,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,380,000
Current use
OFFICE BUILDING
$2,570,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±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
$227 / 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
$50,293
Tax year 2024
Assessed value
$2,117,600
Assessed 2024
Previous assessed
$1,956,900
+8.2% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,031,800
Assessed improvement
$1,085,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,430 SF
Lot
1.61 ac (69,957 SF)
Zoning code
SMD
APN
WGRE M:001 B:0004 L:2
UPID
US76-0293444
Jurisdiction
WEST GREENWICH
Zoning & alternative use
SMD · Coventry, RI
Zoning SMD · permitted uses
SMD · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coventry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.6M
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Graceco LLC
Entity
Mailing address
1830 MINERAL SPG AVE, NORTH PROVIDENCE, RI 02904-3864
Ownership since
2012
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
Jan 8, 2021
—
Grececo LLC
—
Deed
related
$1,687,300 · Newtek Small Business Finance INC
Oct 4, 2013
—
Graceco LLC
—
Deed Of Trust
related
$1,780,000 · Bank Of America
Sep 14, 2012
$880,000
Graceco LLC
Randolph Invst Grp Co INC
Grant Deed
$704,000 · Bank Of America
Sep 13, 2012
$880,000
Graceco LLC
Randolph Invst Co INC
Grant Deed
$704,000 · Bank Of America
Jun 8, 2010
$1
Randolph Invest Co
Randolph Sb
Grant Deed
—
Jun 2, 2010
$1
Randolph Investments Co
Randolph Sb
Grant Deed
—
Feb 24, 2009
—
Commerce Park Assoc
—
Deed Of Trust
related
$475,000 · Laplante&sowa Ltd
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?”
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