Property profile

145 Carolina Ave Providence, RI 02905

OFF-MARKET
Other industrial properties
Property ID
US76-0228772
0.56 ac lot
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This industrial flex property in Providence, Rhode Island (145 Carolina Avenue) includes a warehouse-style work area with multiple overhead doors and dedicated office space. The site features a fenced parking area intended to support outdoor storage for vehicles, equipment, and inventory, and references an additional fully fenced 16,800-square-foot parking lot across the street for overflow capacity. The configuration is designed to support loading flexibility, on-site staging, and mixed indoor/outdoor operational needs. The property is zoned M-1 and is described as accommodating a broad range of light industrial and related uses, including vehicle repair, contractor and landscaping activities, towing operations, cultivation facilities, breweries, training centers, recreational and fitness uses, and co-working space for the arts, with potential for an end-user to occupy the entire building or for the space and outdoor areas to be leased in portions.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.56 ac (24,466 SF)
Zoning code M-1
APN PROV M:101 L:786
UPID US76-0228772

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
  • Dental Office
  • Corporate Office
  • Corporate Office

Location

145 Carolina Ave Providence, RI 02905-4418
Providence metro Census 101 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2009
Price N/A
2003
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · Providence, RI
Zoning description

The M-1 Light Industrial District is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not po…

General category INDUSTRIAL

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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