Property profile

1270 Broad St 1272 Central Falls, RI 02863

OFF-MARKET
Investment properties
Property ID
US76-0341747
4,496 SF 0.1 ac lot Built 1881
Individually Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1881
Construction FRAME
Total area 4,496 SF
Lot 0.1 ac (4,330 SF)
Zoning code C-2
APN CENT M:03 P:53
UPID US76-0341747

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
  • Restaurant
  • Restaurant

Location

1270 Broad St, Unit 1272 Central Falls, RI 02863-1003
Central Falls metro Census 10900 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
$525k
Blend (final) Blend
$330k

Owner & transaction history

since 2016
6 recorded transactions
2022
Price N/A
2016
$230,000
2005
$280,000
2003
$154,000
2002
$115,000
1969
Price N/A

Zoning & alternative use

C-2 · Central Falls, RI
Zoning description

C-2 general commercial district. This zone is intended for commercial areas that serve citywide needs for retail, services and professional office establishments.

General category COMMERCIAL
Top alternative use upside
Office building $860,000 +62.8%

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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