Financial
Distress signals
Property profile

39 De Soto St Providence, RI 02909

FOR LEASE
Other industrial properties
Property ID
US76-0177314
2,835 SF 0.11 ac lot Built 1988
Last sale Jan 2022 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial/industrial building in Providence, Rhode Island, featuring approximately 3,000 square feet of functional main-level space, with additional basement area that can be used for storage and/or potential expansion. The property is positioned in a high-traffic area and is configured to support a range of business uses such as retail, warehouse, workshop, or office. Exterior access includes a garage door for loading and an off-street parking area for staff and visitors. Building systems

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$240k
Assessed land$51k
Assessed improvement$188k
Effective rate3.51%

Value estimate

· Sep 2026
$490k
$441k – $539k
AI approach$465k
NOI build-up
Gross scheduled income$45k
Vacancy & credit loss−$3k
Operating expenses−$13k
NOI · 913.02% cap applied$30k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$102/SF
Submarket average, outlier-cleaned · 100 recorded sales of this use type
Observed band · Q1–Q3$57 – $153
Qualifying comparables7

Cap rate analysis

How does the asset earn?
913.02%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-MU-7
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office40.3
Realty agency32.9
HVAC Service18.0

Location

39 De Soto St Providence, RI 02909
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26 Atwood, Providence, RI 02909-3411 $265,000 Dec 2025 2,760 SF
48 Helme, Providence, RI 02909-2462 $5,813 Jun 2023 2,400 SF
11 Lowell, Providence, RI 02909-4619 $275,000 Mar 2023 3,549 SF
56 Judith, Providence, RI 02909-2935 $185,000 Nov 2022 3,160 SF
161 Rdg, Providence, RI 02909-1525 $250,000 Jul 2021 2,400 SF
110 Farmington, Providence, RI 02909 $7,665 Mar 2020 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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