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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Investment properties
161 Manton Ave, Providence, RI 02909-3327
Individually Owned
Free & Clear
Property ID
US76-0128924
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,578 SF
Lot
0.26 ac (11,397 SF)
Zoning code
C-2
APN
PROV M:62 L:550
UPID
US76-0128924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$1.03M
Owner & transaction history
Red Nosed Groupllc
Red Nosed Groupllc
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C-2 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+58.6%
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
$1,025,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,025,000
Current use
OFFICE BUILDING
$1,625,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (Jul 8 2024)
Last sale anchor
$1.03M
Jul 8 2024
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
$135 / 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
Assessed value
$589,800
Assessed 2023
Previous assessed
$463,100
+27.4% YoY
Assessed land
$136,500
Assessed improvement
$453,300
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
6
Bathrooms
6
Total area
7,578 SF
Lot
0.26 ac (11,397 SF)
Zoning code
C-2
APN
PROV M:62 L:550
UPID
US76-0128924
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-2 · Providence, RI
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.6M
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
6
Bathrooms
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
Red Nosed Groupllc
Individual
Free & Clear · 0 yrs held
Mailing address
161 MANTON AVE, PROVIDENCE, RI 02909-3327
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
—
Red Nosed Group LLC
—
Deed
related
$1,080,000 · New Day Com Cap LLC
Aug 8, 2025
—
Red Nosed Groupllc
Providence City Of
Deed
related
—
Jul 8, 2025
$23,312
Capital Associates V Rigp
Providence City Of
Deed
related
—
Jul 8, 2024
$38,435
Capital Assoc V Rigp
Providence City Of
Public Action
related
—
Jul 26, 2022
$1,025,000
Red Nosed Group LLC
Jar Realty INC
Warranty Deed
$820,000 · Steven A Ross
Jun 13, 2022
$21,509
Jar Realty INC
Jar Realty INC
Redemption Deed
related
—
Oct 14, 2021
$18,793
St James Investors LLC
Providence City Of
Public Action
related
—
Apr 7, 2021
$20,945
Jar Realty INC
Providence City Of
Redemption Deed
related
—
Oct 1, 2020
$8,793
Donna Giarrusso
Providence City Of
Tax Deed
related
—
May 8, 2018
$19,999
Jar Realty INC
Sedona Assoc LLC
Redemption Deed
—
May 16, 2017
$18,845
Jar Realty INC
Retacco,antonio
Redemption Deed
—
Apr 25, 2016
$18,683
Jar Realty INC
Conley,thomas B
Redemption Deed
—
May 8, 2014
$4,793
Jar Realty INC
Jar Realty INC
Redemption Deed
related
—
Dec 12, 2013
$18,741
Jar Realty INC
Jar Realty INC
Redemption Deed
related
—
Jul 20, 1999
$57,500
Jar Realty INC
Joann Realty Co
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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