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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Showrooms
128 Wayland Ave Providence, RI 02906
Entity Owned
1-yr Hold
Free & Clear
Property ID
US76-0134352
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
FRAME
Total area
2,536 SF
Lot
0.1 ac (4,502 SF)
Zoning code
C-2
APN
PROV M:14 L:29
UPID
US76-0134352
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$372k
Blend (final)
Blend
$595k
Owner & transaction history
Ae128wayland LLC · 1 yrs held
Ae128wayland LLC
since 2025
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
C-2 · 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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$510,000
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (Mar 26 2025)
Last sale anchor
$600k
Mar 26 2025
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
$235 / 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
$18,968
Tax year 2023
Assessed value
$540,400
Assessed 2023
Previous assessed
$530,100
+1.9% YoY
Effective rate
3.51%
On assessed value
Assessed land
$332,600
Assessed improvement
$207,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
2,536 SF
Lot
0.1 ac (4,502 SF)
Zoning code
C-2
APN
PROV M:14 L:29
UPID
US76-0134352
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.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ae128wayland LLC
Entity
Free & Clear · 1 yrs held
Mailing address
128 WAYLAND AVE, PROVIDENCE, RI 02906
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
$600,000
Ae128wayland LLC
Slim Investments LLC
Warranty Deed
—
Jan 23, 2023
—
Elevator Properties INC
Elevator Properties INC
Quit Claim Deed
related
—
Dec 30, 2022
$962,500
Elevator Properties INC
Laj LLC
Warranty Deed
—
Dec 28, 2017
$425,000
Laj LLC
Panfilo&m D Basilico T
Deed
$318,000 · Bank Rhode Island
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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