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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Investment properties
150 Waterman St Providence, RI 02906-2139
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US76-0396580
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
8,056 SF
Lot
0.55 ac (23,867 SF)
Zoning code
R-P
APN
PROV M:13 L:296
UPID
US76-0396580
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
-
Providence Guitar Academy Training Center Tutoring Service
-
Marshall Wold Physician
-
Mindful Living Center Gym & Fitness Center Alternative Medicine Practice
-
Small Steps Therapy Physician
-
Life Fulfillment Formula Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$1.46M
Owner & transaction history
Madison Props INC · 15 yrs held
Madison Props INC
since 2011
5 recorded transactions
Zoning & alternative use
R-P · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,900,000
6.5%
$1,755,000
7%
$1,630,000
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10%
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
$181 / 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 2015Property tax & assessments
Tax year 2015
Tax billed
$28,415
Tax year 2015
Assessed value
$1,380,500
Assessed 2023
Previous assessed
$1,530,300
-9.8% YoY
Effective rate
2.06%
On assessed value
Assessed land
$856,900
Assessed improvement
$523,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
2
Stories
3
Units
3
Total area
8,056 SF
Lot
0.55 ac (23,867 SF)
Zoning code
R-P
APN
PROV M:13 L:296
UPID
US76-0396580
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-P · Providence, RI
Zoning R-P · permitted uses
R-P · 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
1880
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
2
Units
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
Madison Props INC
Entity
Mailing address
144 WATERMAN ST STE #6, PROVIDENCE, RI 02906-2126
Ownership since
2011
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
Dec 2, 2021
—
Madison Properties INC
—
Deed
related
$1,500,000 · Harborone Bank
Jun 6, 2011
$970,000
Madison Props INC
Samos Invst Group LLC
Warranty Deed
—
Jun 24, 1999
$55,000
Samos Inv Group LLC
Mahanshi School Ayur
Grant Deed
$412,500 · First Bank & Trust
Sep 20, 1996
—
Maharishi School Ayur
—
Deed Of Trust
related
$120,000 · Ri Hosp Trust National Bank
Jun 8, 1995
$340,000
Maharishi School Ayur
American Natl Red Cros
Grant Deed
—
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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