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    Property profile & analytics

    982 Willett Ave East Providence, RI 02915

    • Showrooms
    • 918 SF
    • 0.13 lot acres
    For Sale
    View listing
    $520,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0115320
    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

    • Soiree Salon & Spa / Hair Salon / Nail Salon

    Property Details for 982 Willett Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    918 SF
    Zone code
    C2
    Property type
    Showrooms
    APN
    EPRO M:513 B:25 L:003 U:
    APU
    EPROM513B25L003U

    Description

    This exceptional commercial land parcel, located at 982 Willett Avenue in East Providence, Rhode Island, presents a compelling investment opportunity. The 5,663 square foot lot is zoned C1 and boasts a single-story, 1965-built structure. While the building itself is included in the sale, the focus is on the land's potential for redevelopment or continued use as a commercial property. The existing building offers approximately 1400 square feet of space, divided between two levels. The upper level features high cathedral ceilings and large east-facing windows, providing ample natural light, suitable for various retail uses such as a salon, café, or shop. The lower level, accessed via a separate entrance, includes private rooms ideal for offices or wellness services, complete with laundry and bathroom facilities. The property benefits from a highly visible location on State Route 103, within a neighborhood characterized by strong foot traffic and a diverse range of surrounding businesses. Fifteen parking spaces are available on the property, adding significant convenience for potential tenants or customers. The property is offered at $520,000. The zip code is 02915.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $235,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $185,000
      Mixed-Use
      $195,000
      Hospitality
      $225,000
      Educational
      $210,000
      Residential Income
      $195,000
      Energy
      $245,000
      Income-Based Land
      $245,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3465
    Latitude
    41.7597
    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
    2024
    $6,002
    $153,900
    $97,000
    $250,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
      300 SF

      320 Bullocks Pt Ave

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      2,790 SF

      257 Bullocks Pt Ave

      SHOW ROOM, WAREHOUSE • 2,790 SF
      257 Bullocks Pt Ave, Riverside, RI 02915-4335
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    • Value Estimation by Request
      4,956 SF

      2812 Pawtucket Ave

      SHOW ROOM, WAREHOUSE • 4,956 SF
      2812 Pawtucket Ave, Riverside, RI 02915-4912
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    • Value Estimation
      $610,000
      4,360 SF

      185 Willett Ave, Unit 187

      SHOW ROOM, WAREHOUSE • 4,360 SF
      185 Willett Ave, Riverside, RI 02915-4226
      View Details
    • Value Estimation
      $345,000
      3,900 SF

      697 Willett Ave, Unit 699

      SHOW ROOM, WAREHOUSE • 3,900 SF
      697 Willett Ave, Riverside, RI 02915-2642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,170 SF

      Prime East Providence Retail Space

      1,170 SF Retail Building, 0.37 Acres
      215 Willett Ave, East Providence, RI 02915
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    • $1,850,000
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      Thriving restaurant on a large lot with redevelopment possibilities.
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    • $520,000

      Prime East Providence Commercial Land

      5,663 SF Commercial Lot, $520,000
      982 Willett Ave, East Providence, RI 02915
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    • $500,000
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      Riverside, RI Development Opportunity

      25,000 sq. ft. lot with development potential.
      376 Bullocks Point Ave, East Providence, RI 02915
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    • $2,900,000
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      Retail Strip Building For Sale

      Retail strip building with ample parking and high visibility.
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    • $318,000
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      East Bay Office Park Opportunity

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    Similar Nearby for Lease

    • $18 SF/Yr

      Retail/Office Space with Corner Unit

      Well-maintained plaza with retail/office tenants, ideal for various uses.
      1235 Wampanoag 5, East Providence, RI 02915
      View Details
    • $18 SF/Yr
      3,200 SF

      Retail/Office Space with Ample Parking

      Well-maintained plaza with retail/warehouse tenants, ideal for retail/office.
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      View Details
    • $3,000 /Mo
      5,638 SF

      Riverside Retail Building For Rent

      5,638 SF building for rent with build-to-suit options.
      960 Willett Ave, Riverside, RI 02915
      View Details
    • $10 SF/Yr
      52,600 SF

      Former School with Commercial Kitchen

      52,600 SF former school for lease in East Providence.
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    • $14 SF/Yr
      5,496 SF

      East Providence Office Space Available

      Recently renovated office space in East Providence, Rhode Island.
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    • Contact for pricing
      46,000 SF

      East Providence Office/Medical Building

      Four-story, 46,000 SF office/medical building for lease.
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      View Details
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    982 Willett Ave
    East Providence, RI 02915
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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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