Property profile

1002 Broad St 7 Central Falls, RI 02863

OFF-MARKET
Office Spaces
Property ID
US76-0368831
1,018 SF Built 1986
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 796-square-foot office condominium unit, located at 1002 Broad Street, Unit 2, Central Falls, Rhode Island, 02863, presents a unique investment opportunity. Built in 1986, this single-story, single-unit property offers a flexible space suitable for a variety of professional uses. Currently zoned for medical and dental offices, medical laboratories, radiology or x-ray facilities, and pharmacies, the property's adaptability extends to potential conversion into a residential condominium, subject to necessary zoning approvals. The property features secured entry, providing a safe and secure environment. The asking price is $59,900. The property is being sold "As Is." The lot size is not specified. This 796 square foot space is situated in a single building on one story. The property is located in Providence County, Rhode Island. This is a prime opportunity to acquire a versatile commercial space with potential for residential conversion. The property's location in Central Falls offers convenient access to local amenities and transportation. This is a unique opportunity to acquire a property with multiple potential uses.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1986
Construction FRAME
Total area 1,018 SF
APN CENT M:04 P:221A-7
UPID US76-0368831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Physician
  • Physician
  • Ophthalmologist

Location

1002 Broad St, Unit 7 Central Falls, RI 02863-1500
Central Falls metro Census 10900 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2023
Last sale
$190,000
1 recorded transaction
2023
$190,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1002 Broad St, Unit 7?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message