505 NARRAGANSETT PARK DR
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Location
505 NARRAGANSETT PARK DR
Mblu
42/ / 0048/ /
Acct#
420048
Owner
RMB PROPERTY DEVELOPMENT LLC
Total Market Value
$2,883,000
Appraisal
$2,883,000
PID
12256
Building Count
1
% Res
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2023$2,263,900$619,100$2,883,000
Assessment
Valuation YearImprovementsLandTotal
2023$2,263,900$619,100$2,883,000

Owner of Record
OwnerRMB PROPERTY DEVELOPMENT LLC
Lot Type
Address505 NARRAGANSETT PARK DR
PAWTUCKET, RI 02861
Sale Price$2,000,000
Certificate
Book & Page 2174/0053
Sale Date09/01/2004

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageSale Date
RMB PROPERTY DEVELOPMENT LLC$2,000,000 2174/005309/01/2004
LE REALTY LLC$0 1562/008908/28/2002
LEE ENGINEERING REALTY ASSOC$0 1491/008104/26/2002
RHODE ISLAND INDUSTRIAL FACILITIES CORP$0 0000/000001/01/1800

Building Information
Building 1 : Section 1
Year Built: 1990
Living Area: 47,600
Replacement Cost: $3,834,503
Building Percent Good: 55
Replacement Cost
Less Depreciation:
$2,109,000
Building Attributes
FieldDescription
Style:Ofc/Whs/Ind
ModelInd/Comm
Grade:Average
Stories:1
Occupancy:2.00
Exterior Wall 1:Concr/CinderBl
Exterior Wall 2: 
Roof Struct:Flat
Roof Cover:Tar + Gravel
Interior Wall 1:Drywall
Interior Wall 2: 
Interior Floor 1:Concr-Finished
Interior Floor 2: 
Heating Fuel:Gas
Heating Type:Forced Air
AC Type:Partial
Bldg Use:R+D/IND
Ttl Rooms: 
Ttl Bedrms: 
Ttl Baths: 
Ttl Half Baths: 
Ttl Xtra Fix: 
1st Floor Use: 
Heat/AC:None
Frame Type:Steel
Baths/Plumbing:Average
Ceiling/Wall:Ceil & Min Wl
Rooms/Prtns:Average
Wall Height:18.00
% Comn Wall: 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 34,720 34,720
AOFOffice 12,880 12,880
CLPLoading Platform 320 0
FOPOpen Porch 192 0
SLBSlab 47,600 0
   95,712 47,600

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1Sprinklers-Wet34720.00 SF$51,6001
MEZ2Mezn Finished736.00 SF$12,1001
MEZ1Mezn Unfin2592.00 SF$14,3001
LDL2Load Lvlr Manual2.00 UNITS$1,7001
A/CAir Conditioning12880.00 SF$17,7001
SPR2Sprk-Wet Concealed12880.00 SF$23,0001

Land
Land Use
Use Code341
DescriptionR+D/IND  
ZoneMO
NeighborhoodNIP
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)169884
Frontage
Depth
Total Market Land$619,100
Appraised Value$619,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Asph  31000.00 SF$31,0001
LTLight2Double1.00 UNITS$3,5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$2,263,900$619,100$2,883,000
2024$2,263,900$619,100$2,883,000
2023$2,263,900$619,100$2,883,000

Assessment
Valuation YearImprovementsLandTotal
2025$2,263,900$619,100$2,883,000
2024$2,263,900$619,100$2,883,000
2023$2,263,900$619,100$2,883,000

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