Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1080 Chalkstone Ave Providence, RI 02908-4551
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1080 Chalkstone Ave Providence, RI 02908-4551

    View on Map
    • Commercial land
    • 0.01 lot acres
    Off-Market
    Property ID
    US76-0063691
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rico Pollo / Restaurant
    • New york wireless Mobile phone repair shop / Computer & Electronic Repair / Tech Support Center
    • Ria Money Transfer - New York Wireless Corp / Bank / Credit Union
    • Super Chapines Multi Service / Postal Service / Courier Service
    • Jackie Professional Services / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1080 Chalkstone Ave

    Lot size
    0.01 lot acres
    Zone code
    C-1
    Property type
    Commercial land
    APN
    PROV M:84 L:593
    APU
    PROVM84L593

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4436
    Latitude
    41.8322
    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
    2023
    $888
    $10,200
    $15,100
    $25,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      13 Tiffany St

      VACANT COMMERCIAL LAND • 0.07 Acres
      13 Tiffany St, Providence, RI 02908
      View Details
    • Value Estimation by Request
      0.06 Acres

      19 Victor St

      VACANT COMMERCIAL LAND • 0.06 Acres
      19 Victor St, Providence, RI 02908
      View Details
    • Value Estimation by Request
      0.06 Acres

      70 Victor St

      VACANT COMMERCIAL LAND • 0.06 Acres
      70 Victor St, Providence, RI 02908
      View Details
    • Value Estimation by Request
      0.08 Acres

      18th Wolcott Str

      VACANT COMMERCIAL LAND • 0.08 Acres
      18th Wolcott Str, Providence, RI 02908-5508
      View Details
    • Value Estimation by Request
      0.09 Acres

      17 Mt Pleasant Ave

      VACANT COMMERCIAL LAND • 0.09 Acres
      17 Mt Pleasant Ave, Providence, RI 02908
      View Details
    • Value Estimation by Request
      0.09 Acres

      268 Orms St

      VACANT COMMERCIAL LAND • 0.09 Acres
      268 Orms St, Providence, RI 02908
      View Details

    Similar Nearby for Sale

    • $499,900

      Providence Commercial Corner Lot

      High-visibility commercial lot on Smith Street, Providence.
      969 Smith St, Providence, RI 02908
      View Details
    • $255,000

      Providence Land with Garage Structures

      Land with garage structures, development potential, convenient location.
      70 Ayrault St, Providence, RI 02908
      View Details
    • $494,999

      Providence Development Opportunity For Sale

      M1-zoned property in high-demand area, ideal for diverse development.
      56 River St, Providence, RI 02908
      View Details
    • $494,999
      0.17 Acres

      M1-Zoned Development Opportunity, Providence

      Investor/developer opportunity: M1-zoned property near downtown Providence.
      56 River Ave, Providence, RI 02908
      View Details
    • $225,000
      Pending

      Land Near Providence College

      Residential land near Providence College with development potential.
      539 Douglas Ave, Providence, RI 02908
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Kitchens for Rent

      Private industrial kitchens for catering, food prep, and supply.
      65 Bath St, Providence, RI 02908
      View Details
    • Contact for pricing
      1,422 SF

      Restaurant Space in Aldi Plaza

      1,422 SF restaurant space in high-traffic Providence shopping center.
      541 Smith St, Providence, RI 02908
      View Details
    • Contact for pricing
      10,261 SF

      Providence Retail Space For Rent

      Retail space near Providence College with strong parking.
      395 Admiral St, Providence, RI 02908
      View Details
    • $12 SF/Yr
      10,928 SF

      Industrial Property with Loading Docks

      Two-story industrial property featuring loading docks and flex space.
      257 Jewett St, Providence, RI 02908
      View Details
    • Contact for pricing
      8,135 SF

      Providence Office Space for Rent

      Office spaces available ranging from 2,000 to 34,718 SF.
      50 Maude St, Providence, RI 02908
      View Details
    • Contact for pricing
      1,300 SF

      Providence Office Space For Rent

      1300 square feet of office space available for rent.
      12 Eagle St, Providence, RI 02908
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1080 Chalkstone Ave
    Providence, RI 02908-4551
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!