Technical
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Property profile

735 Allens Ave Providence, RI 02905

OFF-MARKET
Other office properties
Built 1940
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Property summary

AI-generated overview

The property consists of approximately 3.09 acres (about one full city block) in Providence, Rhode Island, with frontage along Allens, Virginia, Chapman, and Toronto Avenues. It includes multiple buildings originally established in 1929 as Armbrust International, with construction dating to 1947 and a remodeling update in 1968. The combined building area is over 100,000 square feet, and the buildings include major systems and envelope improvements, including updates to heating, HVAC, and the roof. The site is configured with flexible interior layouts suitable for a range of uses, including residential (apartments), life sciences, light manufacturing, industrial uses, office/medical, education, or mixed-use redevelopment, and the land presents potential for subdivision. The property is within an Opportunity Zone.

Property profile

Verified
Property type Other office properties
Year built 1940

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Metal Fabrication Plant Industrial Manufacturer
  • General Contractor Construction Company

Location

735 Allens Ave Providence, RI 02905
Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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