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    Property profile & analytics

    1002 Broad St, Unit 8 Central Falls, RI 02863-1500

    • Office Properties & Spaces
    • 659 SF
    OFF-MARKET
    Value Estimation
    $195,000
    Last Sale
    Dec 11, 2023
    $190,000
    Location Intelligence
    Property ID
    US76-0353686
    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

    • East Side Clinical Laboratory / Medical Laboratory
    • Newport Optical Inc / Optician
    • Safa F MD / Doctor
    • Associates In Ophthalmology / Doctor
    • Safa Wagdi, M.D. / Ophthalmologist

    Property Details for 1002 Broad St

    Year built
    1986
    Construction
    FRAME
    Property size
    659 SF
    Property type
    Office Properties & Spaces
    APN
    CENT M:04 P:221A-8
    APU
    CENTM04P221A8

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $185,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $150,000
      Retail
      $160,000
      Mixed-Use
      $160,000
      Hospitality
      $150,000
      Educational
      $185,000
      Residential Income
      $190,000
      Energy
      $150,000
      Income-Based Land
      $180,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3888
    Latitude
    41.8933
    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
    $2,018
    $0.00
    $65,200
    $65,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      659 SF

      1002 Broad St Ste, Unit 4

      CONDOMINIUM OFFICES • 659 SF
      1002 Broad St Ste, Central Falls, RI 02863-1510
      View Details
    • Value Estimation by Request
      683 SF

      1002 Broad St Ste, Unit 1

      CONDOMINIUM OFFICES • 683 SF
      1002 Broad St Ste, Central Falls, RI 02863-1510
      View Details
    • Value Estimation
      $205,000
      1,018 SF

      1002 Broad St, Unit 7

      CONDOMINIUM OFFICES • 1,018 SF
      1002 Broad St, Central Falls, RI 02863-1500
      View Details
    • Value Estimation
      $80,000
      825 SF

      1002 Broad St Ste, Unit 3

      CONDOMINIUM OFFICES • 825 SF
      1002 Broad St Ste, Central Falls, RI 02863-1510
      View Details
    • Value Estimation
      $200,000
      1,367 SF

      1002 Broad St Ste, Unit 5

      CONDOMINIUM OFFICES • 1,367 SF
      1002 Broad St Ste, Central Falls, RI 02863-1511
      View Details
    • Value Estimation by Request

      257 Hunt St Hunt St

      Automotive properties
      257 Hunt St Hunt St, Central Falls, RI 02863
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.13 Acres

      Central Falls Commercial Property

      Commercial property for sale in Central Falls, Rhode Island.
      708 Broad St, Central Falls, RI 02863
      View Details
    • $449,000

      Three-Family Home For Sale

      Fully rented three-family home offering consistent rental income.
      38 Garfield St, Central Falls, RI 02863
      View Details
    • $660,000

      Updated Three-Family Home, Central Falls

      Well-maintained three-family home with recent updates and great rental potential.
      31-33 Garfield St, Central Falls, RI 02863
      View Details
    • $890,000

      Hunt Street Auto Shop & Land

      Profitable RI Auto Body Business - $890K
      257 Hunt St Hunt St, Central Falls, RI 02863
      View Details
    • $895,000
      4,599 SF

      Central Falls Commercial Land Opportunity

      Prime RI Land: $895,000, 4,792 SF
      77 Fales St, Central Falls, RI 02863
      View Details

    Similar Nearby for Lease

    • $1,400,000
      3,000 SF

      Prime Retail Space on Broad

      High-visibility retail space in revitalizing Central Falls area.
      708-712 Broad St, Central Falls, RI 02863
      View Details
    • $6 SF/Yr
      98,277 SF

      Clay Street Studios: Industrial Space

      Historic Mill Building; Flexible Spaces Available
      125 Clay St, Central Falls, RI 02863
      View Details
    • $6 SF/Yr
      325,119 SF

      Central Falls Warehouse with Rail

      Renovated warehouse with ample parking and rail access.
      1193 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      325,120 SF

      Central Falls Warehouse Space

      Large Industrial Warehouse, RI
      1159 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      8,669 SF

      Retail Space on Dexter Street

      High-visibility retail space with parking in Central Falls, RI.
      361 Dexter St, Central Falls, RI 02863
      View Details
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    1002 Broad St, Unit 8
    Central Falls, RI 02863-1500
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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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