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Property profile & analytics
OFF-MARKET
Estimated value
$7,795,000
Showrooms
101 Cadillac Dr Providence, RI 02907-2123
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US76-0205561
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,791 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M-MU-7
APN
PROV M:60 L:189
UPID
US76-0205561
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
-
Good Fortune Supermarket (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Mejia Driving School Specialty Food Shop Supermarket
-
Mejia Driving School - Road Test Practice Station Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.31M
Comparable Approach
Comparable
$8.19M
Blend (final)
Blend
$7.80M
Owner & transaction history
Good Fortune Realty Of · 11 yrs held
Good Fortune Realty Of
since 2015
5 recorded transactions
Zoning & alternative use
M-MU-7 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.2M
+34.5%
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%
$10,090,000
6.5%
$9,310,000
7%
$8,645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,815,000
Current use
OFFICE BUILDING
$9,165,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$7.80M
Range $7.02M – $8.57M · ±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
$182 / 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
$165,479
Tax year 2023
Assessed value
$4,714,500
Assessed 2023
Previous assessed
$4,714,500
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$910,100
Assessed improvement
$3,804,400
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
42,791 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M-MU-7
APN
PROV M:60 L:189
UPID
US76-0205561
Jurisdiction
PROVIDENCE
Zoning & alternative use
M-MU-7 · Providence, RI
Zoning M-MU-7 · permitted uses
M-MU-7 · 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
$6.8M
OFFICE BUILDING
Est. value
$9.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
2.87 ac
Current owner
From public records · entity-resolved
Good Fortune Realty Of
Entity
Mailing address
608 GRV ST, NEWTON, MA 02462-1317
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Good Ffortune Rlty Of Ri
—
Deed
related
$2,600,000 · Newtek Small Business Finance INC
May 15, 2020
—
Good Fortune Realty Ri
—
Deed
related
$5,000,000 · Bank Of America
May 15, 2015
$2,150,000
Good Fortune Realty Of
Chambers Issue T
Deed
$1,400,000 · East West Bank
Dec 31, 2012
$1
T Chambers
Chambers,herbert G
Grant Deed
related
—
—
—
Good Fortune Realty Ri
—
Deed Of Trust
related
$5,000,000 · Bank Of America
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.
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