Technical
Financial
Distress signals
Property profile

111 Chestnut St Providence, RI 02903

FOR LEASE
Showrooms
Property ID
US76-0070097
20,168 SF 0.53 ac lot Built 1956
Entity Owned Free & Clear
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Property summary

AI-generated overview

A multi-level renovated office space of over 10,000 square feet located in downtown Providence, configured for medical office use and adaptable for healthcare, wellness, or professional office purposes. The bright, modern suite is arranged over two levels and includes private office suites, treatment rooms, two large kitchenettes, bathrooms on each level, and a dedicated laundry room. The building is situated on a visible corner of Chestnut Street with frontage on a high-traffic corridor for both pedestrians and vehicles. The property provides 29 dedicated parking spaces and features secure private entry with elevator access. In addition to the developed office area, there is approximately 2,011 square feet of undeveloped space that can be negotiated for future expansion or a custom interior build-out.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,168 SF
Lot 0.53 ac (23,287 SF)
Zoning code D-1-10
APN PROV M:21 L:420
UPID US76-0070097

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
  • Medical Clinic
  • Dental Office
  • Architect
  • Medical Clinic
  • Medical Clinic

Location

111 Chestnut St Providence, RI 02903
Providence metro Census 600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.63M
Blend (final) Blend
$2.61M

Owner & transaction history

Zoning & alternative use

D-1-10 · Providence, RI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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