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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    811 Park E Dr Woonsocket, RI 02895-6112

    • Industrial properties
    • 20,000 SF
    • 2.50 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2020
    $1,350,000
    Value Estimations
    $1,555,000
    Show details
    Cap Rate Potential
    5.8%
    Industrial properties
    Location Intelligence
    Property ID
    US76-0082188
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 811 Park E Dr

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    2.50 lot acres
    Property size
    20,000 SF
    Zone code
    I1
    Property type
    Industrial properties
    APN
    WOON M:56B L:6 U:3
    APU
    WOONM56BL6U3

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,740,000
      6.5%
      $1,605,000
      7%
      $1,490,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,660,000
      Current use
      COMMERCIAL (GENERAL)
      $2,380,000
      Change: +43% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4718
    Latitude
    41.9965
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,508
    $207,900
    $891,100
    $1,099,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7.46 Acres

      755 Main St

      INDUSTRIAL (GENERAL) • 7.46 Acres
      755 Main St, Woonsocket, RI 02895
      View Details
    • Value Estimation
      $2,315,000
      36,331 SF

      584 Park E Dr

      INDUSTRIAL (GENERAL) • 36,331 SF
      584 Park E Dr, Woonsocket, RI 02895-6148
      View Details
    • Value Estimation by Request
      83,910 SF

      1265 Mendon Rd

      INDUSTRIAL (GENERAL) • 83,910 SF
      1265 Mendon Rd, Woonsocket, RI 02895-3964
      View Details
    • Value Estimation by Request
      0.68 Acres

      Pond St

      INDUSTRIAL (GENERAL) • 0.68 Acres
      Pond St, Woonsocket, RI 02895
      View Details
    • Value Estimation
      $1,140,000
      10,800 SF

      707 Park E Dr

      INDUSTRIAL (GENERAL) • 10,800 SF
      707 Park E Dr, Woonsocket, RI 02895-6158
      View Details
    • Value Estimation
      $6,315,000
      46,320 SF

      841 Park E Dr

      INDUSTRIAL (GENERAL) • 46,320 SF
      841 Park E Dr, Woonsocket, RI 02895-6112
      View Details

    Similar Nearby for Sale

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      Woonsocket Commercial Property For Sale

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      Woonsocket Industrial Property - Huge Potential

      16,500 SF lot, multi-use potential.
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    • $3,825,000
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      Industrial Mill Multifamily Conversion Potential

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      2.77 Acres

      Woonsocket Commercial Space For Sale

      2541 SF commercial space in Woonsocket, Rhode Island.
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      41800 sq.ft. manufacturing building in Woonsocket, Rhode Island.
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    Similar Nearby for Lease

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      204,296 SF

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      132,026 SF

      Industrial Manufacturing Building For Lease

      132,026 SF industrial manufacturing building on 4.33 acres.
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    • $0.01 SF/Yr
      10,717 SF

      Woonsocket Office Building For Sale

      Prime Downtown Office Space, Ample Parking
      1 Social St, Woonsocket, RI 02895
      View Details
    • $12 SF/Yr
      10,548 SF

      Retail Space with High Visibility

      Corner retail space offering excellent access and strong parking.
      200 Social St, Woonsocket, RI 02895
      View Details
    • $0.17 SF/Yr
      1,414 SF

      Woonsocket Retail Space - 711 Front St

      Prime Retail Space, Drive-Thru, High Traffic
      711 Front St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      56,950 SF

      Woonsocket Retail Space Available

      Prime Retail Space, 56,950 SF Available
      1400 Park Ave, Woonsocket, RI 02895
      View Details
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    811 Park E Dr
    Woonsocket, RI 02895-6112
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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