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Property profile & analytics
OFF-MARKET
Estimated value
$46,860,000
Commercial land
148 Riv St, Providence, RI 02904-2615
Entity Owned
4-yr Hold
Free & Clear
Property ID
US76-0159532
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.34 ac (15,026 SF)
Zoning code
M-1
APN
PROV M:100 L:52
UPID
US76-0159532
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
-
Rampo Barbara C Physician
-
Ocean State Endoscopy Center Medical Clinic
-
Ciesla Christy C Physician
-
OBGYN Midwifery Services Medical Clinic
-
Hearing Centers of Rhode Island Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.86M
Owner & transaction history
Egmp 146-148 West Riv LLC · 4 yrs held
Egmp 146-148 West Riv LLC
since 2021
Last sale
$47.7M
4 recorded transactions
Zoning & alternative use
M-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,285
Tax year 2023
Assessed value
$93,600
Assessed 2023
Previous assessed
$93,600
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$72,900
Assessed improvement
$20,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.34 ac (15,026 SF)
Zoning code
M-1
APN
PROV M:100 L:52
UPID
US76-0159532
Jurisdiction
PROVIDENCE
Zoning & alternative use
M-1 · Providence, RI
Zoning M-1 · permitted uses
M-1 · 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
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Egmp 146-148 West Riv LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$47,650,000
Egmp 146-148 West Riv LLC
Albany Rd West Riv Ctr
Quit Claim Arm's Length For Ne States
—
Jun 5, 2017
—
West River Commerce Ctr
West River Commerce Ctr
Quit Claim Deed
related
—
Nov 8, 2013
—
Corliss Center LLC
Fraumeni,francis J
Quit Claim Deed
related
—
Jun 26, 2013
—
West River Commerce Ctr
—
Deed Of Trust
related
$16,000,000 · Worth Funding INC
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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