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Property profile & analytics
OFF-MARKET
Specialty properties
1192 Westminster St Providence, RI 02909-1411
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0099508
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1840
Total area
3,370 SF
Lot
0.13 ac (5,455 SF)
Zoning code
C-2
APN
PROV M:32 L:314
UPID
US76-0099508
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
-
Environmental Justice League of Rhode Island Charitable Organization Social Service Agency
-
Childhood Lead Action Project Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Broadway Nbrhd Assn · 4 yrs held
West Broadway Nbrhd Assn
since 2022
Last sale
$171,940
7 recorded transactions
Zoning & alternative use
C-2 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
911.10 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$568,700
Assessed 2023
Previous assessed
$568,700
+0.0% YoY
Assessed land
$224,000
Assessed improvement
$344,700
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1840
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
10
Bathrooms
2
Total area
3,370 SF
Lot
0.13 ac (5,455 SF)
Zoning code
C-2
APN
PROV M:32 L:314
UPID
US76-0099508
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-2 · Providence, RIZoning 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
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
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
911.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1840
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
10
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
West Broadway Nbrhd Assn
Individual
Mailing address
1192 WESTMINSTER ST, PROVIDENCE, RI 02909-1411
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
$171,940
West Broadway Nbrhd Assn
Ri Hsng&mtg Fin Corp
Deed
$171,940 · Rhode Island Housing & Mtg Fin Corp
Jun 6, 2017
—
W Broadway Neighborhood
—
Deed
related
$15,000 · Dept Of Planning & Dev
Apr 19, 2010
—
Wbna INC
—
Deed Of Trust
related
$20,000 · Providence Revolving Fund
Sep 9, 2003
—
West Broadway Nbrhd Assoc
—
Deed Of Trust
related
$79,350 · Citizens Mortgage INC
Jun 23, 2003
—
W Broadway Neighbor Assoc
—
Deed Of Trust
related
$60,000 · Providence Neighborhood Hsng
May 2, 2003
—
Broadway Nbrhd Assoc W
—
Deed Of Trust
related
$18,500 · Ri Housing & Mortgage Finance
Apr 26, 2002
—
Broadway Neigh West
—
Deed Of Trust
related
$50,000 · Prov Preservation Soc
Jul 12, 1993
$34,000
Michael O Alashe
Phoenix Realty A
Grant Deed
$29,000 · Zenon Grzybowski
—
—
W Broadway Neighborhood
—
Deed Of Trust
related
$15,000 · Dept Of Planning & Dev
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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