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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Industrial properties
89 Hopkins Hl Rd West Greenwich, RI 02817-1709
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0298861
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
48,150 SF
Lot
12.3 ac (535,788 SF)
Zoning code
INDA
APN
WGRE M:003 B:0020 L:
UPID
US76-0298861
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
-
Conneaut Industries Inc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$5.21M
Owner & transaction history
Dnb Realty LLC · 3 yrs held
Dnb Realty LLC
since 2022
6 recorded transactions
Zoning & alternative use
INDA · West Greenwich, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
7; 7-11-2018; 12-12-2018; 12-11-2019; 2-16-2021; 9-8-2021; 1-4-2023; 2-15-2023; 12-13-2023; 4-10-2024; 2-12-2025; 12-10-2025] Use Category RFR-2 RFR-1 OSPL Neighborhood Business Highway Business Exit 7 (now Exit 21) SMD IND A IND B CZD SVD 0 RESIDENTIAL 01 Single-family P P X P P X X X X P 02 Two-family P** P** X X X X X X X P 03 Multifamily X X X X S X X X…
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
478.90 ac
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 Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Greenwich 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,775,000
Current use
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±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
$108 / 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
Tax billed
$73,184
Tax year 2023
Assessed value
$3,102,200
Assessed 2024
Previous assessed
$2,985,900
+3.9% YoY
Effective rate
2.36%
On assessed value
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Off-Market
Year built
1990
Heating
OIL
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
48,150 SF
Lot
12.3 ac (535,788 SF)
Zoning code
INDA
APN
WGRE M:003 B:0020 L:
UPID
US76-0298861
Jurisdiction
WEST GREENWICH
Zoning & alternative use
INDA · West Greenwich, RIZoning INDA · permitted uses
INDA · West Greenwich, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
7; 7-11-2018; 12-12-2018; 12-11-2019; 2-16-2021; 9-8-2021; 1-4-2023; 2-15-2023; 12-13-2023; 4-10-2024; 2-12-2025; 12-10-2025] Use Category RFR-2 RFR-1 OSPL Neighborhood Business Highway Business Exit 7 (now Exit 21) SMD IND A IND B CZD SVD 0 RESIDENTIAL 01 Single-family P P X P P X X X X P 02 Two-family P** P** X X X X X X X P 03 Multifamily X X X X S X X X X P 04 Bed-and-breakfast S S X X X X X X X X 05 Hotels and motels X X X X S P X X P X
Zone name
Industrial A
General category
INDUSTRIAL
Zone area
478.90 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
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
1990
Heating
OIL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
12.3 ac
Current owner
From public records · entity-resolved
Dnb Realty LLC
Entity
Mailing address
PO BOX 1425, COVENTRY, RI 02816-0026
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Dnb Realty LLC
—
Deed
related
$700,000 · Webster Bank
May 20, 2021
—
Dnb Realty LLC
—
Deed
related
$550,000 · Webster Bank
Jun 18, 2003
—
Dnb Realty LLC
—
Deed Of Trust
related
$475,000 · Fleet National Bank
Feb 22, 2001
—
Dnb Realty
—
Deed Of Trust
related
$3,000,000 · Fleet National Bank
—
—
Dnb Realty LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Dnb Realty LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
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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