Financial
Distress signals
Property profile

1361 Mineral Spring Ave North Providence, RI 02904

FOR SALE
Other investment properties
Property ID
US76-0415142
4,926 SF 0.17 ac lot Built 1925
Last sale May 2022 · $1,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address.
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Property summary

AI-generated overview

The property is configured for auto-related uses such as sales and rentals and provides parking for more than 30 vehicles. It includes an approximately 1,600-square-foot garage with an office and an additional approximately 1,100-square-foot office area at the front, as well as an approximately 1,550-square-foot garage with office space at the rear, for a combined total building area of approximately 2,650 square feet. The site is positioned near major highways and is designed to be subdividable.

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

What does the county charge?
Assessed value · 2024$424k
Assessed land$162k
Assessed improvement$262k

Value estimate

· Sep 2026
$1.28M
$1.15M – $1.41M
AI approach$1.19M
CAP approach$1.07M
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$74
Operating expenses−$4k
NOI · 344.44% cap applied$9k

Realmo valuation models over county records and 39 qualifying comparable sales.

Recently sold

What actually traded nearby?
$145/SF
ZIP average, outlier-cleaned · 115 recorded sales of this use type
Observed band · Q1–Q3$108 – $205
Qualifying comparables39

Cap rate analysis

How does the asset earn?
344.44%
$9k 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?
CG
CG - Commercial General Zone. This district is intended for commercial areas that serve townwide and inter-town needs for retail, service...
General categoryCOMMERCIAL
JurisdictionNORTH PROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.3
HVAC Service11.3
Daycare Center11.2

Location

1361 Mineral Spring Ave North Providence, RI 02904
County assessor Recorded deeds · 5 transfers 39 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1273 Main, Providence, RI 02904-1866 $990,000 Oct 2024 5,671 SF
567 Charles, Providence, RI 02904-2227 $835,000 Aug 2024 5,114 SF
623 Charles, Providence, RI 02904-1345 $455,000 Jul 2024 4,505 SF
638 Charles, Providence, RI 02904-1351 $100,000 Sep 2023 5,663 SF
593 Charles, Providence, RI 02904-1356 $269,000 Jul 2023 4,379 SF
1 Charles, Providence, RI 02904-2229 $1,740,000 May 2022 5,108 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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