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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
151 Cross St Central Falls, RI 02863-2908
Individually Owned
Property ID
US76-0323777
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1860
Construction
FRAME
Total area
3,964 SF
Lot
0.25 ac (10,799 SF)
Zoning code
R-3
APN
CENT M:05 P:81
UPID
US76-0323777
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
-
Charles Coelho Funeral Home & Cremation Services Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$505k
Owner & transaction history
Brendan M Fahy
Brendan M Fahy
since 2025
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
R-3 · Central Falls, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$760,000
+62.8%
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 Central Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Falls 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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$465,000
Current use
OFFICE BUILDING
$760,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $525k (May 15 2025)
Last sale anchor
$525k
May 15 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
$127 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$318,900
Assessed 2024
Previous assessed
$318,900
+0.0% YoY
Assessed land
$88,700
Assessed improvement
$230,200
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
1860
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Rooms
5
Bathrooms
4
Total area
3,964 SF
Lot
0.25 ac (10,799 SF)
Zoning code
R-3
APN
CENT M:05 P:81
UPID
US76-0323777
Jurisdiction
CENTRAL FALLS
Zoning & alternative use
R-3 · Central Falls, RI
Zoning R-3 · permitted uses
R-3 · Central Falls, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Central Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$465,000
OFFICE BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1860
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Rooms
5
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Brendan M Fahy
Individual
Mailing address
151 CROSS ST, CENTRAL FALLS, RI 02863-2908
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
$525,000
Brendan M Fahy
Charles Coelho
Warranty Deed
$583,770 · Charles Coelho
Dec 20, 2024
—
Charles Coelho
Charles Coelho Ret
Quitclaim Deed
related
$432,400 · Navigant Credit Union
Jan 30, 2018
—
Coelho,charles Trust
—
Deed
related
$155,000 · Navigant Cu
Jun 20, 2006
$1
Charles Coelho Ret
Coelho,charles
Grant Deed
related
—
Sep 9, 2004
—
Charles Coelho
—
Deed Of Trust
related
$30,000 · Credit Union Central Falls
Feb 12, 2003
—
Charles Coelho
—
Deed Of Trust
related
$107,000 · Credit Union Central Falls
Nov 1, 1995
—
Charles Coelho
—
Deed Of Trust
related
$69,631 · Associates Financial Services
—
—
Coelho,charles Trust
—
Deed Of Trust
related
$155,000 · Navigant Cu
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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