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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Investment properties
1248 Broad St, Providence, RI 02905-2943
Entity Owned
5-yr Hold
Property ID
US76-0238315
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,722 SF
Lot
0.19 ac (8,114 SF)
Zoning code
C-2
APN
PROV M:58 L:411
UPID
US76-0238315
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
-
Lash & Brows Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$565k
Owner & transaction history
International Re LLC · 5 yrs held
International Re LLC
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C-2 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+65.8%
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)
$480,000
Current use
OFFICE BUILDING
$795,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $550k (Mar 15 2021)
Last sale anchor
$550k
Mar 15 2021
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
$152 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$512,300
Assessed 2024
Previous assessed
$512,300
+0.0% YoY
Assessed land
$119,500
Assessed improvement
$392,800
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
3
Total area
3,722 SF
Lot
0.19 ac (8,114 SF)
Zoning code
C-2
APN
PROV M:58 L:411
UPID
US76-0238315
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
$480,000
OFFICE BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
International Re LLC
Entity
Mailing address
1445 BROAD ST, PROVIDENCE, RI 02905-2833
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
$550,000
International Re LLC
Realty Investors LLC
Warranty Deed
$450,000 · Harborone Bank
Feb 12, 2020
—
Realty Invtrs LLC
—
Deed
related
$100,000 · Geld INC
Dec 27, 2018
$90,000
Digna M Fernandez
J & A Hm Improvement LLC
Warranty Deed
—
Sep 15, 2016
—
J & A Home Improvement LLC
—
Deed
related
$29,000 · Quirinus Realty INC
Jun 3, 2016
—
J & A Home Improvement LLC
—
Deed
related
$51,000 · Quirinus Realty INC
May 25, 2016
$125,000
J & A Home Improv LLC
Mendez,kenia
Warranty Deed
—
May 13, 2013
—
Kenia Mendez
Mendez,jose R & Esperanza C
Warranty Deed
related
$107,733 · Paul C Schofield
Sep 18, 2012
$4,455
Esperanza C Mendez
Title Investments Co
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Aug 22, 2012
$130,000
Esperanza C Mendez
Dejesus,jose A
Warranty Deed
$107,733 · Karen L Schofield
Aug 22, 2012
—
Esperenza C Mendez
—
Deed Of Trust
related
$7,175 · Worth Funding INC
Jul 11, 2012
$4,493
Jose A Dejesus
Janet Hensen Co Rigp
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 29, 2011
$1
Jose A Dejesus
Handyman Realty Corp
Grant Deed
related
—
Sep 1, 2010
$1
Jose A Dejesus
Handyman Rlty
Grant Deed
—
Mar 26, 2010
$85,000
Handyman Realty Corp
Rms Res Properties LLC
Grant Deed
$25,000 · Paul&karen Schofield
Mar 26, 2010
$1
Handyman Rlty Corp
Handyman Realty Corp
Grant Deed
—
Mar 26, 2010
—
Handyman Rlty Corp
—
Deed Of Trust
related
$5,000 · Handyman Realty Corp
Jun 5, 2008
$240,000
Rms Residential Props LLC
Vargas,isamariliz
Deed Of Trust
—
Aug 3, 2006
—
Isamariliz Vargas
—
Deed Of Trust
related
$15,175 · James Lacera
Feb 13, 2006
$365,000
Isamariliz Vargas
Francisco,luis
Grant Deed
$310,250 · Northside Mortgage Group
Oct 19, 2005
—
Luis Francisco
—
Deed Of Trust
related
$353,000 · Lucan Assoc
Jul 1, 2003
—
Luis O Grullon
—
Deed Of Trust
related
$60,000 · Julio C Alba
Dec 4, 2002
$188,000
Luis Grullon
Roginski,stacy
Grant Deed
$144,000 · First Nlc Financial Services
Dec 4, 2002
—
Luis Grullon
—
Deed Of Trust
related
$36,000 · First Nlc Financial Services
Mar 2, 2001
$139,000
Stacey Roginski
Desenna,daniel
Grant Deed
$136,822 · Chase Manhattan Mortgage Corp
—
—
J & A Home Improvement LLC
—
Deed Of Trust
related
$51,000 · Quirinus Realty INC
—
—
Realty Invtrs LLC
—
Deed Of Trust
related
$100,000 · Geld INC
—
—
J & A Home Improvement LLC
—
Deed Of Trust
related
$29,000 · Quirinus Realty INC
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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