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Property profile & analytics
FOR LEASE
Industrial properties
8 Court Dr Lincoln, RI 02865
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US76-0367293
For Lease
1 / 2
$2,345,000
8 Court Dr, Lincoln, RI 02865
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
STEEL FRAME
Total area
55,910 SF
Lot
3.84 ac (167,053 SF)
Zoning code
ML05
APN
LINC M:28 L:114.0 U:
UPID
US76-0367293
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
-
The Granite Group Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.35M
Owner & transaction history
Linclen LLC · 8 yrs held
Linclen LLC
since 2018
7 recorded transactions
Zoning & alternative use
ML05 · Lincoln, RI
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±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
$42 / 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
$36,176
Tax year 2024
Assessed value
$1,389,800
Assessed 2024
Previous assessed
$1,389,800
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$292,100
Assessed improvement
$1,097,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
55,910 SF
Lot
3.84 ac (167,053 SF)
Zoning code
ML05
APN
LINC M:28 L:114.0 U:
UPID
US76-0367293
Jurisdiction
LINCOLN
Zoning & alternative use
ML05 · Lincoln, RI
Zoning ML05 · permitted uses
ML05 · Lincoln, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.84 ac
Current owner
From public records · entity-resolved
Linclen LLC
Entity
Mailing address
99 POPPASQUASH RD, BRISTOL, RI 02809-1033
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Linclen LLC
—
Deed
related
$764,000 · Baycoast Bank
May 4, 2018
$1,162,500
Linclen LLC
Caliri Realty Assoc LLC
Warranty Deed
$993,750 · Banknewport
May 28, 2008
$32,500
Lincoln Corporate Center
Calirir Realty
Warranty Deed
—
May 6, 2005
—
Caliri Realty Assoc
—
Deed Of Trust
related
$495,000 · Ct Comunity Inv
Dec 28, 2004
—
Culiri Realty Assoc
—
Deed Of Trust
related
$479,000 · Fleet National Bank
Oct 1, 2004
$1,560,000
Caliri Realty Asso
Court Drive LLC
Grant Deed
$1,253,000 · Bank Of America
Oct 1, 2004
—
Caliri Realty Asso
—
Deed Of Trust
related
$375,000 · Bank Of America
May 15, 2003
—
Court Drive LLC
—
Deed Of Trust
related
$1,700,000 · Fleet National Bank
May 3, 2000
—
Court Drive LLC
—
Deed Of Trust
related
$428,000 · Worth Funding INC
Jun 23, 1999
$1,000,000
Court Drive LLC
Teamworks INC
Grant Deed
$512,500 · Fleet National Bank
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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