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Property profile & analytics
FOR LEASE
Showrooms
143 Westminster St Providence, RI 02903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0104130
For Lease
1 / 2
$16 SF/Yr
143 Westminster St, Providence, RI 02903
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,969 SF
Lot
0.11 ac (4,929 SF)
Zoning code
D-1-30
APN
PROV M:20 L:15
UPID
US76-0104130
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
-
Decubellis Douglas DC Alternative Medicine Practice
-
Capitol Chiropractic Alternative Medicine Practice
-
Penrose Commercial Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.35M
Owner & transaction history
K Plaza Revival LLC · 4 yrs held
K Plaza Revival LLC
since 2021
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
D-1-30 · 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
$1,670,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.10M (Oct 20 2021)
Last sale anchor
$1.10M
Oct 20 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
$90 / 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
$33,664
Tax year 2023
Assessed value
$959,100
Assessed 2023
Previous assessed
$959,100
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$523,400
Assessed improvement
$435,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
6
Total area
14,969 SF
Lot
0.11 ac (4,929 SF)
Zoning code
D-1-30
APN
PROV M:20 L:15
UPID
US76-0104130
Jurisdiction
PROVIDENCE
Zoning & alternative use
D-1-30 · Providence, RI
Zoning D-1-30 · permitted uses
D-1-30 · 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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
K Plaza Revival LLC
Entity
Mailing address
100 BEACON ST UNIT 1B, BOSTON, MA 02116-1568
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$1,100,000
K Plaza Revival LLC
68 Fulton LLC
Quit Claim Arm's Length For Ne States
$1,200,000 · Stone Mortgage LLC
Sep 24, 2014
$1,150,000
68 Fulton LLC
143 Westminster LLC
Quit Claim Arm's Length For Ne States
$862,500 · Bank Rhode Island
Dec 23, 2011
$1
143 Westminster LLC
Cerce Group LLC
Grant Deed
related
—
Dec 23, 2011
—
143 Westminster LLC
—
Deed Of Trust
related
$675,000 · Bank Of Rhode Island
Feb 13, 2009
—
Cerce Group LLC
—
Deed Of Trust
related
$100,000 · Webster 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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