Property profile

1055 Westminster St Providence, RI 02903

OFF-MARKET
Industrial properties
Property ID
US76-0072390
5,490 SF 0.12 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,490 SF
Lot 0.12 ac (5,140 SF)
Zoning code C-2
APN PROV M:29 L:56
UPID US76-0072390

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
  • Advocacy Group
  • Charitable Organization Social Service Agency
  • Medical Clinic Alternative Medicine Practice

Location

1055 Westminster St Providence, RI 02903-4022
Providence metro Census 1100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
$507k
Blend (final) Blend
$320k

Owner & transaction history

since 2015
4 recorded transactions
2015
$470,000
2009
Price N/A
2004
$360,000
1994
$102,000

Zoning & alternative use

C-2 · Providence, RI
Zoning description

The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments

General category COMMERCIAL

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
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