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    214 Broadway Providence, RI 02903

    • Investment properties
    • 4,581 SF
    • 0.12 lot acres
    For Sale
    View listing
    $1,050,000
    Value Estimation
    Last Sale
    Jan 31, 2024
    $960,000
    Location Intelligence
    Property ID
    US76-0112331
    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

    • Investment properties

    Property Details for 214 Broadway

    Year built
    1882
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    4,581 SF
    Zone code
    R-P
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PROV M:28 L:36
    APU
    PROVM28L36

    Description

    This exceptional retail investment opportunity presents a 4,320 square foot, two-unit building situated on a prominent 14,130 square foot corner lot in Providence, Rhode Island, at 214 Broadway, zip code 02903. The property boasts excellent curb appeal and is currently 100% leased to two high-quality tenants: D'Angelo's, occupying 75% of the space on a triple-net (NNN) lease, and Metro PCS, leasing the remaining portion on a gross lease. Both tenants have established a long-term presence. The building features ample on-site parking with 23 spaces and three convenient curb cuts, enhancing accessibility and visibility. Strong pylon signage further contributes to the property's marketing potential. The property offers a compelling 8.77% capitalization rate with a net operating income (NOI) of $92,035.72 and is zoned MO. Annual property taxes are $7,944.48. This investment is ideally positioned within a high-traffic area, benefiting from proximity to major thoroughfares including Broadway, Exchange Street, and I-95, with a combined population density exceeding 115,500 people. The asking price for this exceptional retail investment is $1,050,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $890,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,015,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,020,000
      Retail
      $975,000
      Mixed-Use
      $855,000
      Hospitality
      $835,000
      Educational
      $845,000
      Residential Income
      $815,000
      Energy
      $1,015,000
      Income-Based Land
      $950,000
      Food Service
      $995,000

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4244
    Latitude
    41.8207
    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
    $0.00
    $77,600
    $484,900
    $562,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      440 Wickenden St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,725 SF
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    • Value Estimation
      $420,000
      3,284 SF

      227 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,284 SF
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    • Value Estimation by Request
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      382 Wickenden St

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      View Details
    • Value Estimation by Request
      7,026 SF

      464 Wickenden St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,026 SF
      464 Wickenden St, Providence, RI 02903-7404
      View Details

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    214 Broadway
    Providence, RI 02903
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    Realmo Value Estimation

    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.

    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.

    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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