Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    97 Industrial Dr North Smithfield, RI 02896-8032

    • Industrial properties
    • 19,630 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0127442
    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

    • Fred F Waltz Company Inc / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 97 Industrial Dr

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Property size
    19,630 SF
    Zone code
    M
    Property type
    Industrial properties
    APN
    NSMI M:0005 L:0073 U:A
    APU
    NSMIM0005L0073UA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,705,000
      6.5%
      $1,575,000
      7%
      $1,465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,494,000
      Market price range: $436k - $1.76M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,630,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5671
    Latitude
    41.9925
    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
    $25,272
    $279,000
    $1,023,700
    $1,302,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      975 SF

      135 Tupperware Dr, Unit 4F

      CONDOMINIUMS (INDUSTRIAL) • 975 SF
      135 Tupperware Dr, North Smithfield, RI 02896
      View Details
    • Value Estimation by Request
      4.46 Acres

      618 Greenville Rd

      INDUSTRIAL (GENERAL) • 4.46 Acres
      618 Greenville Rd, North Smithfield, RI 02896-9553
      View Details
    • Value Estimation
      $1,145,000
      21,000 SF

      473 Saint Paul St

      INDUSTRIAL (GENERAL) • 21,000 SF
      473 Saint Paul St, North Smithfield, RI 02896-6865
      View Details
    • Value Estimation by Request
      1,100 SF

      135 Tupperware Dr, Unit 4

      CONDOMINIUMS (INDUSTRIAL) • 1,100 SF
      135 Tupperware Dr, North Smithfield, RI 02896
      View Details
    • Value Estimation by Request
      34.30 Acres

      150 Industrial Dr

      INDUSTRIAL (GENERAL) • 34.30 Acres
      150 Industrial Dr, North Smithfield, RI 02896-8034
      View Details
    • Value Estimation by Request
      10.00 Acres

      100 Industrial Dr

      INDUSTRIAL (GENERAL) • 10.00 Acres
      100 Industrial Dr, North Smithfield, RI 02896-8034
      View Details

    Similar Nearby for Sale

    • $200,000
      Pending

      Residential Land in North Smithfield

      15.58 acre lot for dream home in Northern RI.
      Buxton St, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      Land Near Route 146A Access

      Land with high visibility near Route 146A and retail.
      367 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • $299,900

      Versatile Medical/Office Space For Sale

      Nearly 3,000 sq ft space suitable for medical/office use.
      501 Great Rd, North Smithfield, RI 02896
      View Details
    • $349,900

      Eddie Dowling Hwy Commercial Land

      Prime RI Commercial Lot, High Traffic
      373 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • $349,900
      0.00 Acres

      27.55 Acre Parcel For Sale

      27.55-acre parcel in North Smithfield, Rhode Island.
      Douglas Pike, North Smithfield, RI 02896
      View Details
    • $225,000
      7.00 Acres

      Equestrian Land Opportunity

      7+-acre horse-zoned lot near equestrian center in North Smithfield.
      Pound Hill Rd, North Smithfield, RI 02896
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      North Smithfield Office Space Available

      Office space for rent with ample parking and highway access.
      582 Great Rd, North Smithfield, RI 02896
      View Details
    • Contact for pricing
      1,050 SF

      Professional Office Space For Rent

      First-floor office suite suitable for various professional uses.
      117 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • $178 SF/Yr
      1,120 SF

      Park Square Medical Office For Sale

      1,120 SF Medical Office in RI
      63 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail opportunity in Northern Rhode Island's premier power center.
      North Smithfield, RI 02896
      View Details
    • Contact for pricing
      21,780 SF

      Stop & Shop Plaza Pad Site

      High-Visibility Retail Pad in RI
      595 Smithfield Rd, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      North Smithfield Retail Space Available

      Retail spaces available in North Smithfield's premier power center.
      19 Dowling Village Blvd, North Smithfield, RI 02896
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    97 Industrial Dr
    North Smithfield, RI 02896-8032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!