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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
128 Dorrance St 7 Providence, RI 02903-2814
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0177140
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1844
Total area
2,886 SF
Zoning code
D-1-12
APN
PROV M:20 L:193 U:7
UPID
US76-0177140
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
-
Relevant Discover-e Law Firm
-
Kevin C. Hurteau, Movement Mortgage Loan Service Bank
-
McInnes & McLane Law Firm
-
Obolensky & Balkcom Law Offices llc Law Firm
-
Karns & Kerrison Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$585k
Owner & transaction history
Comecando De Novo LLC · 4 yrs held
Comecando De Novo LLC
since 2021
Last sale
$420,000
2 recorded transactions
Zoning & alternative use
D-1-12 · 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
$695,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $420k (Aug 2 2021)
Last sale anchor
$420k
Aug 2 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
$203 / 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
Tax billed
$10,021
Tax year 2023
Assessed value
$285,500
Assessed 2023
Previous assessed
$285,500
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed improvement
$285,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1844
Heating
STEAM
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
2,886 SF
Zoning code
D-1-12
APN
PROV M:20 L:193 U:7
UPID
US76-0177140
Jurisdiction
PROVIDENCE
Zoning & alternative use
D-1-12 · Providence, RI
Zoning D-1-12 · permitted uses
D-1-12 · 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.
Building & site characteristics
From public records
Year built
1844
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
1
Units
2
Current owner
From public records · entity-resolved
Comecando De Novo LLC
Entity
Mailing address
5 BENEFIT ST, PROVIDENCE, RI 02904-2762
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$420,000
Comecando De Novo LLC
Troon Realty LLC
Condominium Deed
—
Dec 14, 2010
—
Troom Realty LLC
—
Deed Of Trust
related
$272,732 · Bristol County Savings Bank
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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