Entity Owned 
For Sale
1 / 25
$879,000
11 Peck St, Providence, RI 02903
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Property summary
AI-generated overview
11 Peck St is a mixed-use building in Downtown Providence comprising two small commercial storefronts and seven office suites on the second floor. The property’s configuration supports use as office space or alternative commercial uses, with an existing layout suited to small commercial and office tenants. The building systems are described as being well maintained, including heating, electrical, roof condition, and exterior structure. The site is located within an Opportunity Zone and the building is described as having potential for additional development, including the possibility of adding four additional floors, subject to applicable permitting and zoning requirements.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,680 SF
Lot
0.04 ac (1,861 SF)
Zoning code
D-1-15
APN
PROV M:20 L:45
UPID
US76-0226795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$380k
Owner & transaction history
since 2001
1 recorded transaction
Zoning & alternative use
D-1-15 · Providence, RI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$380k
Value range
$342k – $418k
±10% around blend
Estimated value / SF
$103 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
$342k
blend $380k
$418k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,680 SF
Lot area
0.04 ac
Year built
1920
Stories
2
APN
PROV M:20 L:45
Zoning
D-1-15
Assessed value
$613,000
Annual tax
$21,516
3
Income approach: direct capitalization
Partial preview
Income approach indication
$800k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$870k
@ 6.5% CAP return
$800k
@ 7% CAP return
$745k
4
Sales comparison
Partial preview
Sales approach indication
$1.29M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.4 mi away · 3,394 SF
0.6 mi away · 4,233 SF
0.6 mi away · 2,688 SF
0.7 mi away · 2,915 SF
0.8 mi away · 4,614 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$380k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$213
-52%
Submarket 605 sales
$162
-36%
County 1487 sales
$146
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $103/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$613k
Move the market yield to see immediate price impact.
Value / SF
$167
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$39k
$772k
$552k
$429k
$43k
$858k
$613k
$477k
$47k
$944k
$674k
$524k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.55M
0.2 mi · Jan 2026 · $350/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,516
Tax year 2023
Assessed value
$613,000
Assessed 2023
Previous assessed
$613,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$375,000
Assessed improvement
$238,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
3,680 SF
Lot
0.04 ac (1,861 SF)
Zoning code
D-1-15
APN
PROV M:20 L:45
UPID
US76-0226795
Jurisdiction
PROVIDENCE
Zoning & alternative use
D-1-15 · Providence, RIZoning D-1-15 · permitted uses
D-1-15 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
D-1-15
Jurisdiction
Providence, RI
Recorded code
D-1-15
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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