Financial
Distress signals
Property profile

1196 Smith St Providence, RI 02908

FOR SALE
Showrooms
Property ID
US76-0037579
1,313 SF 0.09 ac lot Built 1930
Last sale Mar 2026 · $290,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building in Providence, Rhode Island, configured for flexible use as professional, medical, or general office space. It was formerly used as a dental office and includes plumbing fixtures in each treatment room, which supports medical-related buildouts. The interior layout is adaptable and can be reconfigured for different business uses, including conversion potential to a residential dwelling. Building systems include a newer roof and a heating system that is approximately three years old. The lot area is 0.09 acres.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$177k
Assessed land$77k
Assessed improvement$100k
Effective rate3.51%

Value estimate

· Sep 2026
$265k
$239k – $292k
AI approach$265k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$5k
Operating expenses−$7k
NOI · 7.49% cap applied$22k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
ZIP average, outlier-cleaned · 82 recorded sales of this use type
Observed band · Q1–Q3$83 – $193
Qualifying comparables5

Cap rate analysis

How does the asset earn?
7.49%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-1
The purpose of the R-1 Residential District is intended for detached single family dwellings of low density residential development, limi...
General categoryRESIDENTIAL
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.1
Clothing Store15.4
Skin Care Clinic13.7

Location

1196 Smith St Providence, RI 02908
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13 Vandewater, Providence, RI 02908-1623 $199,000 Sep 2024 1,266 SF
15 Camden, Providence, RI 02908-3601 $400,000 Aug 2024 1,428 SF
17 Camden, Providence, RI 02908-3601 $400,000 May 2024 1,344 SF
316 Smith, Providence, RI 02908-3726 $250,000 Dec 2023 1,093 SF
515 Smith, Providence, RI 02908-4349 $345,000 Dec 2023 1,134 SF
20 Prescott, Providence, RI 02908-5410 $270,000 Jul 2023 1,632 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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