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Property profile & analytics
OFF-MARKET
Estimated value
$48,230,000
Showrooms
1 Financial Plz Providence, RI 02903-2448
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US76-0026669
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
STEEL FRAME
Total area
367,374 SF
Lot
0.55 ac (23,774 SF)
Zoning code
D-1-30
APN
PROV M:20 L:5
UPID
US76-0026669
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Merrill Lynch Financial Advisor Christopher M Swick Financial Advisor
-
Noel Phillip W Law Firm
-
Celeste Joshua L Law Firm
-
Merrill Lynch Financial Advisor Michael Wharton Financial Advisor
-
Edwards Knight Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.28M
Blend (final)
Blend
$48.23M
Owner & transaction history
Providence Finl Plz · 7 yrs held
Providence Finl Plz
since 2018
6 recorded transactions
Zoning & alternative use
D-1-30 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Providence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$78,230,000
Current use
Blend value · Realmo final
$48.23M
Range $43.41M – $53.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,691,164
Tax year 2023
Assessed value
$48,181,300
Assessed 2023
Previous assessed
$48,181,300
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$2,152,400
Assessed improvement
$46,028,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
25
Units
30
Total area
367,374 SF
Lot
0.55 ac (23,774 SF)
Zoning code
D-1-30
APN
PROV M:20 L:5
UPID
US76-0026669
Jurisdiction
PROVIDENCE
Zoning & alternative use
D-1-30 · Providence, RI
Zoning D-1-30 · permitted uses
D-1-30 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$78.2M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
25
Buildings
1
Units
30
Lot
0.55 ac
Current owner
From public records · entity-resolved
Providence Finl Plz
Individual
Mailing address
2329 NOSTRAND AVE STE #200, BROOKLYN, NY 11210-3949
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2018
$51,750,000
Providence Finl Plz
1 Finl Hldg LLC
Quit Claim Deed
$51,000,000 · Mortgage Cap
May 29, 2007
$65,650,000
1 Financial Holdings LLC
1 Financial Plaza LLC
Grant Deed
$51,750,000 · * Other Institutional Lenders
Jan 18, 2005
$184,800
One Financial Plaza LLC
Gp One Fncl Group LLC
Grant Deed
—
Jul 9, 2003
—
G P One Financial Grp
—
Deed Of Trust
related
$25,000,000 · Sovereign Bank
May 22, 2003
—
Gp One Financial Grp
—
Deed Of Trust
related
$23,198,030 · Gilbane Properites
May 16, 2003
$87,500,000
G P One Financial Grp
Fleet National Bk
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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