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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Investment properties
1187 Westminster St, Providence, RI 02909-1140
Entity Owned
Property ID
US76-0003820
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
6,912 SF
Lot
0.07 ac (3,019 SF)
Zoning code
C-2
APN
PROV M:32 L:56
UPID
US76-0003820
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
-
Reyes Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$845k
Owner & transaction history
Reyes Properties LLC
Reyes Properties LLC
since 2026
7 recorded transactions
Zoning & alternative use
C-2 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$122 / 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
Assessed value
$587,400
Assessed 2023
Previous assessed
$587,400
+0.0% YoY
Assessed land
$70,400
Assessed improvement
$517,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
5
Rooms
16
Bathrooms
4
Total area
6,912 SF
Lot
0.07 ac (3,019 SF)
Zoning code
C-2
APN
PROV M:32 L:56
UPID
US76-0003820
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-2 · Providence, RI
Zoning C-2 · permitted uses
C-2 · 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
$935,000
COMMERCIAL (GENERAL) Current
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
1930
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
5
Rooms
16
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Reyes Properties LLC
Entity
Mailing address
1187 WESTMINSTER ST, PROVIDENCE, RI 02909-1140
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Reyes Properties LLC
Luis Reyes
Warranty Deed
$1,106,250 · The Washington Trust Co Of Westerly
Jun 27, 2024
—
Luis Reyes
Reyes LLC
Correction Deed
related
$706,000 · Westerly Community Cu
Nov 17, 2020
—
Luis Reyes
—
Deed
related
$70,000 · Providence Business Loan Fund LLC Providence Business Loan Fund LLC
Oct 3, 2018
$14,858
Luis Reyes
Reyes,luis
Redemption Deed
—
Sep 14, 2018
—
Luis Reyes
—
Deed
related
$150,000 · Mazajo LLC
Jun 20, 2018
$15,664
Reyes LLC
Reyes LLC
Redemption Deed
—
Apr 25, 2018
—
Luis Reyes
Reyes LLC
Quit Claim Deed
related
—
Nov 9, 2016
$13,814
Reyes LLC
Gosnold Inv Rigp
Redemption Deed
—
Aug 20, 2015
—
Reyes LLC
Reyes LLC
Redemption Deed
related
—
Jun 9, 2014
$18,222
Reyes LLC
Reyes LLC
Redemption Deed
related
—
Mar 21, 2012
—
Reyes LLC
—
Deed Of Trust
related
$150,000 · Eastern Funding
Feb 1, 2011
$50,000
Reyes LLC
Renicimento RT
Warranty Deed
$10,000 · Renicimento RT
Feb 1, 2011
$1
Renicimento RT
Panjatan Props LLC
Grant Deed
related
—
Dec 28, 2010
$1
Panjatan Props
Price,gerald
Grant Deed
related
—
Sep 27, 2010
$1
Phoenix Ruggiero
Patricks Prop
Grant Deed
—
May 8, 2009
$1
Renacimento RT
Dpr Realty LLC
Grant Deed
related
—
—
—
Luis Reyes
—
Deed Of Trust
related
$150,000 · Mazajo LLC
—
—
Luis Reyes
—
Deed Of Trust
related
$70,000 · Providence Business Loan Fund LLC Providence Business Loan Fund LLC
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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