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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Investment properties
163 Waterman St Providence, RI 02906-3109
Entity Owned
25-yr Hold
Property ID
US76-0042886
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,913 SF
Lot
0.18 ac (7,897 SF)
Zoning code
R-P
APN
PROV M:13 L:209
UPID
US76-0042886
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
-
Robert A. Cable, PsyD Physician Medical Clinic
-
Cable Robert C Physician Medical Clinic
-
Ocean State Hearing Aid Center Medical Clinic
-
Henri Flikier Foster Care Service Social Service Agency
-
Daniel Parker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$875k
Owner & transaction history
Lancia Limited LLC · 25 yrs held
Lancia Limited LLC
since 2001
6 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%
$920,000
6.5%
$850,000
7%
$790,000
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$224 / 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
$880,800
Assessed 2023
Previous assessed
$880,800
+0.0% YoY
Assessed land
$330,900
Assessed improvement
$549,900
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
1900
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
3
Bathrooms
3
Total area
3,913 SF
Lot
0.18 ac (7,897 SF)
Zoning code
R-P
APN
PROV M:13 L:209
UPID
US76-0042886
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
1900
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
3
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Lancia Limited LLC
Entity
Mailing address
163 WATERMAN ST, PROVIDENCE, RI 02906-3109
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
—
Lancia Ltd LLC
—
Deed
related
$500,000 · Citizens Bk/ri
May 9, 2008
—
Lancia Limited LLC
—
Deed Of Trust
related
$600,000 · Citizens Bank Of Ri
Jul 24, 2003
—
Lancia Limited
—
Deed Of Trust
related
$580,000 · Citizens Bank Of Ri
May 25, 2001
$500,000
Lancia Limited LLC
Aad LLC
Grant Deed
$400,000 · Citizens Bank Of Ri
Nov 15, 1999
—
Aad LLC
—
Deed Of Trust
related
$160,000 · Bankboston Development Co LLC
—
—
Lancia Ltd LLC
—
Deed Of Trust
related
$500,000 · Citizens Bk/ri
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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