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Property profile & analytics
OFF-MARKET
Showrooms
1815 Mineral Spg Ave, North Providence, RI 02904-3829
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0186495
Property summary
AI-generated overview
This 1960-built, single-story commercial building at 1815 Mineral Spring Avenue, North Providence, RI 02904, offers 5,300 square feet on a corner lot. The property features four private rooms ideal for offices or service businesses, a reception area, and a kitchenette with a half-bath. The potential exists to add a full bath and kitchen. A full basement provides ample storage. The building boasts off-street parking, a brand-new HVAC system, and central air conditioning. Its convenient location on Mineral Spring Avenue offers easy access, enhanced by a streetlight. Currently occupied by tenants (an accountant and an administrative office), this property presents an excellent opportunity for owner-occupancy or investment. The building is zoned commercial and is easily shown. Asking price: $379,900.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
FRAME
Total area
2,112 SF
Lot
0.12 ac (5,327 SF)
Zoning code
CP
APN
NPRO M:22A L:410
UPID
US76-0186495
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aceto Ft · 4 yrs held
Aceto Ft
since 2022
Last sale
$282,000
3 recorded transactions
Zoning & alternative use
CP · North 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 North Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$5,989
Tax year 2024
Assessed value
$256,500
Assessed 2024
Previous assessed
$256,500
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$112,800
Assessed improvement
$143,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
2,112 SF
Lot
0.12 ac (5,327 SF)
Zoning code
CP
APN
NPRO M:22A L:410
UPID
US76-0186495
Jurisdiction
NORTH PROVIDENCE
Zoning & alternative use
CP · North Providence, RI
Zoning CP · permitted uses
CP · North Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Providence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Aceto Ft
Individual
Free & Clear · 4 yrs held
Mailing address
24 RUSTIC HL RD, CHEPACHET, RI 02814-2531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Aceto Ft
Benjamin T Aceto JR T
Deed
—
Apr 22, 2022
$282,000
Delos Realty INC
Aceto Ft
Deed
—
Oct 30, 2002
$115,000
Benjamin T Aceto JR.
Reynolds,james F
Grant Deed
$124,000 · First Federal Savings Bank
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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