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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Showrooms
189 Broadway Providence, RI 02903
Entity Owned
3-yr Hold
Free & Clear
Property ID
US76-0078677
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.14 ac (6,048 SF)
Zoning code
R-P
APN
PROV M:28 L:268
UPID
US76-0078677
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
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Broadway Building LLC · 3 yrs held
Broadway Building LLC
since 2023
3 recorded transactions
Zoning & alternative use
R-P · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-P Residential Professional District is intended to preserve and enhance the residential integrity of select heavily traveled streets where certain residential-professional and low intensity commercial uses are compatible and compatible non residential uses are those that can be accommodated within an existing residential structure to pre…
Zone name
Residential Professional District
General category
COMMERCIAL
Zone area
80.82 ac
Source
Realmo
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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$111 / 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
$9,459
Tax year 2023
Assessed value
$269,500
Assessed 2023
Previous assessed
$269,500
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$94,300
Assessed improvement
$175,200
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
2,520 SF
Lot
0.14 ac (6,048 SF)
Zoning code
R-P
APN
PROV M:28 L:268
UPID
US76-0078677
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-P · Providence, RIZoning 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
Zoning description
The purpose of the R-P Residential Professional District is intended to preserve and enhance the residential integrity of select heavily traveled streets where certain residential-professional and low intensity commercial uses are compatible and compatible non residential uses are those that can be accommodated within an existing residential structure to preserve the character of the street and its architecturally attractive and distinctive qualities
Zone name
Residential Professional District
General category
COMMERCIAL
Zone area
80.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Broadway Building LLC
Entity
Free & Clear · 3 yrs held
Mailing address
189 BROADWAY AVE #301, PROVIDENCE, RI 02903
Ownership since
2023
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
Mar 2, 2023
—
Broadway Building LLC
189 Development LLC
Warranty Deed
—
Feb 3, 2022
$501,000
189 Broadway LLC
Broadway Revival B LLC
Warranty Deed
—
Jun 15, 2005
$450,000
Broadway Revival B LLC
P&j Rlty
Grant Deed
$1,326,000 · Brattleboro Sb Nh
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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