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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Showrooms
170 Rhodes St Providence, RI 02903-4919
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0166738
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,052 SF
Lot
0.22 ac (9,513 SF)
Zoning code
M-MU-7
APN
PROV M:46 L:628
UPID
US76-0166738
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
-
Arlinda Santos Physician
-
Wellness Connect Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Rip Realty LLC · 1 yrs held
Rip Realty LLC
since 2025
Last sale
$620,000
6 recorded transactions
Zoning & alternative use
M-MU-7 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$725,000
+66.1%
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
$610,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
OFFICE BUILDING
$725,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $620k (Jan 2 2025)
Last sale anchor
$620k
Jan 2 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
$295 / 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
Tax billed
$6,251
Tax year 2023
Assessed value
$178,100
Assessed 2023
Previous assessed
$178,100
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$78,900
Assessed improvement
$99,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
2,052 SF
Lot
0.22 ac (9,513 SF)
Zoning code
M-MU-7
APN
PROV M:46 L:628
UPID
US76-0166738
Jurisdiction
PROVIDENCE
Zoning & alternative use
M-MU-7 · Providence, RI
Zoning M-MU-7 · permitted uses
M-MU-7 · 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
$435,000
OFFICE BUILDING
Est. value
$725,000
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Rip Realty LLC
Entity
Mailing address
47 LAURA ST, PROVIDENCE, RI 02907-1682
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$620,000
Rip Realty LLC
Wellness Connect Go Bey
Warranty Deed
$496,000 · Bank Rhode Island
Jan 24, 2023
—
Wellness Connect Go Beyon
—
Deed
related
$175,000 · Angela Bay
Mar 12, 2020
—
Wellness Connect Go Beyon
—
Deed
related
$30,000 · Private Individual
Dec 6, 2019
$275,000
Wellness Connct Go Beyond
White Rabbit LLC
Warranty Deed
$286,000 · Lance Bay
Apr 10, 2018
$207,500
White Rabbit LLC
Gilbert & Maloney Realty
Warranty Deed
—
—
—
Wellness Connect Go Beyon
—
Deed Of Trust
related
$30,000 · Private Individual
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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